infrastructure
infrastructure

The Ghanaian government will invest an amount of 2.5 billion United States Dollars (USD) on an integrated infrastructure development across the country in 2019.

Ken Ofori-Atta, the country’s Minister for Finance said here Thursday when he presented the 2019 Budget and Economic Policy of the government to Parliament.

The budget which is under the theme: “A Stronger Economy for Jobs and Prosperity” is expected to build on the macroeconomic gains to create more job opportunities for people.

The infrastructural projects will include roads, railways, water systems, health facilities among others the government says will move goods, food items and people from one location to another that will create jobs and prosperity and ensure value for money for Ghana as well as position Ghana as the transportation, energy and logistics hub in the region.

He said, “In 2019, we will invest massively in the development of road and infrastructure, from a variety funding sources and to ensure efficient management of infrastructure, we will soon submit a bill to set up the Ghana Asset Management Corporation.

The government he assured will also complete infrastructural projects started by the previous administration which are all at various stages of completion.

The minister further announced the government would partner the private sector including the Syno-Hydro of China in a public-private partnership arrangement to undertake various projects across the country.

The West African country is expected to spend a total expenditure (including clearance of arrears) at GH¢73.4 billion, equivalent to 21.3 percent of GDP, and representing a growth of 27.0 percent above the projected outturn for 2018.

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