- Ghana is making giant strides once again by ranking second in the Private Public Partnership Pipeline Projects in West Africa, according to a report
- Ghana emerged 2nd with cumulative market size of $8.4 billion, making it second only to Nigeria, which had a market size of 9.6 billion
- According to the report, Ghana's enormous market size has encouraged the growth of private-public partnerships over the years
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According to Fitch Solutions, Ghana is ranked second in West Africa for Private Public Partnership pipeline projects, with total market size of $8.4 billion. However, Nigeria dominates the market with pipeline projects worth $9.6 billion.
According to the report, Ghana's robust legal framework is reflected in the enormous market size, encouraging the growth of private-public partnerships over the years. Yet again, it emphasized that despite sophisticated planning and a complex legal framework, Ghana has made significant strides in financing PPP projects.
In 2014, the Ghana Infrastructure Investment Fund, a sovereign wealth fund, was established to facilitate private infrastructure investments with $325 million in equity. Fitch Solutions stated that it anticipates continued government support for PPP market growth, which might result in more extraordinary advancements over the following years.
This is because the nation's long-term political stability outlook is favourable. Below is a look at various African countries and the worth of their cumulative projects.
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|Country||Cumulative Projects (US$)|
|Sierra Leone||404 million|
Ongoing Construction of Petronia City, National Cathedral and Other Mega Projects Which will Change Ghana
In an earlier story, YEN.com.gh wrote about ongoing construction projects in Ghana that will transform the country when completed. Several massive projects in Ghana are still being built that, when finished, would completely reshape the nation, such as the National Cathedral.
The multi-million dollar mega projects include museums, smart villages, and enormous structures. The government of Ghana is committed to improving the nation's infrastructure so it can compete with the finest in the world.