Business News of Thursday, 12 February 2015
Source: Graphic Online
A Five-day workshop organised by the Ministry of Finance, in collaboration with the World Bank and the Agence Francaise de Development (AFD) on good practices for building Public Private Partnerships (PPPs), has ended at Akosombo.
It was meant to strengthen the capacity of participants in the areas of identification; promote and share experiences and good practices of different sectors and institutions to build capacity and strengthen good governance, as well as encourage the use of international best practices on PPPs.
According to a release issued in Accra, the workshop particularly dealt with institutional, legal, contractual and financial aspects of infrastructural development in the port, rail and road sectors.
It was facilitated by international experts and attended by officers and personnel drawn from public and private institutions working on PPPs. Also in attendance were the Deputy Minister of Transport, Mrs Joyce Bawa Mogtari, and the Board Chairman of the Ghana Railway Development Authority, Mr Ibrahim Adam.
The release said: “PPPs are becoming increasingly important in emerging countries such as Ghana as a development instrument.”
It said the underlying principle of PPPs was to bring together public and private entities to design, finance, build and manage public infrastructure and services.
The release also noted that PPPs can be designed for a variety of sectors, including potable water supply, sanitation, public transportation, telecommunications as well as certain aspects of healthcare delivery and education.
It said, currently, projects being undertaken as PPPs in Ghana included the Accra-Takoradi Highway Dualisation, Boankra Inland Port/Eastern Railway Line, Takoradi Port Rehabilitation and Expansion, the establishment of a New National Airline, Diagnostic Services at Korle Bu, Model Markets project and the Ledzokuku-Krowor Municipal Assembly Community Project.