Benefits of a Project Finance Approach to Infrastructure Development in Ghana: The Need to Adopt a Public Private Partnership Model

This article sheds light on the extent to which private entities partake in the provision of transport infrastructure to the Ghanaian public. The paper compares Public-Private Partnership(PPP) arrangements between Ghana and the rest of the world including Sub-Saharan Africa and concludes that PPP is not been extensively utilized. There are benefits in falling on PPP arrangements to provide infrastructure. The non-recourse nature of project finance is well acclaimed. The use of PPP also frees up public funds for other equally important projects. Not downplaying the drawbacks of Public-Private Partnerships, this paper urges the Ghanaian government to launch a PPP initiative on road infrastructure especially in the face of limited public sector resources.