The Ministry of Finance has assured Ghanaians of its readiness to assist in any way possible towards the full implementation and realization of a successful Public Private Partnership Program in Ghana.
Deputy Minister of Finance, Mona Quartey gave the assurance at a sensitization forum for Civil Society Organizations (CSOs) on PPPs in Accra on Wednesday.
According to her, government is highly poised in its quest to deliver and support any move likely to bring about result so long as the achievement of the Public Private Partnership (PPP) program in Ghana is concerned.
The forum which form part of series of sensitization fora and workshops being held across the country for stakeholders was organized by the Ministry of Finance through its Public Investment Division.
It was aimed at creating awareness, improve knowledge and understanding on PPPs and attract advocacy for PPPs on a national level.
In her keynote address at the opening of the forum, Mrs Mona Quartey said, “The Ministry of Finance is ready to provide all the assistance that will be needed to participate in the PPP process and clear any doubts that may be lingering in people’s minds”.
Referring to the PPP phenomena as a new area of development, Mrs.Mona Quartey hinted it will require more attention from all stakeholders in collaboration with government in order to make it a reality.
She therefore urged the participants to embrace it and provide the necessary support and coordination it deserves to government towards the realization and successful implementation of the PPP agenda in Ghana.
Mrs. Mona Quartey pledges governments’ unrelenting support to build capacity of all stakeholders involved to ensure a clear understanding of the PPP concept. Some of these capacity building exercises, she hinted, include study tours, workshops, and seminars, both within and outside the country.
She encouraged the participants to count on each other for acquiring information as well as providing and receiving assistance for the developmental agenda, pledging governments support.
The sensitization forum which took place at the Alisa Hotel in Accra last Wednesday was on the theme: ‘leveraging PPP for accelerated national development; the role of the Civil Society Organizations”
It has brought on board about forty-one (41) participants drawn from various selected Civil Society Organizations working in the areas of economy and development.
The organizations were IMANI Ghana, Institute of Democratic Governance (IDEG), SEND- Ghana, CDD-Ghana, Action AID Ghana, ACEP, Citizen’s Movement against Corruption (CMaC) Ghana Integrity Initiative (GII), West Africa Civil Society Institute (WACSI) Foundation for Security and Development in Africa (FOSDA), Ghana Anti-Corruption Coalition (GACC), The Commonwealth Human Rights Initiative (CHRI), IBIS, Integrated Social Development Center (ISODEC) and TechnoServe.
The participants were taken through various topics including the PPP Concept, an overview of the National Policy on PPP, a briefing on some-on-going PPP projects in the country and the role of the Local Private Partners in PPPs.
The PPP program is expected to serve as solution to Ghana’s infrastructure gap with the aim of achieving accelerated national development.
Addressing the infrastructure deficit currently faced by Ghana will require a minimum of 170,000 housing units to be built annually spreading over a 10-year period as indicated by the Ministry of Water Resources, Works and Housing (MWRH) in its report.
The 2010 African Infrastructure Country Diagnostic report also specified that addressing Ghana’s infrastructure gap will warrant a sustained spending of at least US$1.5 billion per annum over the next decade.
Speculations however has it that given the limited budgetary resources at governments ‘disposal, the country’s huge deficit in infrastructure cannot be met by the public sector alone through the budget allocations.
It is therefore governments’ policy to encourage the use of Public-Private Partnership as a means of leveraging public resources and expertise in order to close the infrastructure gap and deliver efficient public infrastructure and services.
In this vein government through the Ministry of Finance is championing the implementation of the PPP since October 2011 respectively through its Public Investment Division (PID) has therefore been mandated to spearhead PPP development and implementation in the country.
According to the Deputy Minister of Finance, the PPP programme offers the opportunity to attract funding and expertise from the private sector to develop infrastructure and provide services on behalf of the government.
PPPs can be described as a contractual arrangement between a public entity and a private sector with clear agreement on shared objectives for the provision of public infrastructure and services traditionally provided by the public sector.
Story by Joseph Kobla Wemakor