Big Push initiative
To confront these challenges, Mr. Ampem announced that government has reallocated significant portions of petroleum revenues and mineral royalties under the Big Push Initiative to finance large-scale infrastructure.
He said government plans to invest GH¢13.9 billion into the flagship policy, rising to GH¢21.2 billion by 2028 . This is expected to shift capital expenditure upward by 0.5 percent of GDP during the period, even as the administration pursues fiscal consolidation.
“This is not just a peppering over the cracks. It is an economic reset backed by a US$10 billion Big Push for infrastructure development,” the Deputy Minister declared.
Strengthening systems for value for money
The Deputy Finance Minister also revealed ongoing reforms in Ghana’s Public Financial Management (PFM) system to ensure infrastructure contracts deliver value for money.
He cited an audit by the Ministry of Roads and Highways which found that arrears of GH¢113 million owed to contractors in 2018 had ballooned to GH¢665 million in interest by 2025 due to delays and weak controls.
“Clearly, we were paying more in interest than in actual road construction. This cannot continue,” he said.
To prevent recurrence, he said government through Parliament has amended the Public Procurement Act to ensure that all contracts must have approved budgetary allocations before commencement. He said the Ministry has also set up a PFM Compliance Division to monitor adherence to commitment controls and procurement regulations.
PPPs as a solution
Despite these reforms, Mr. Ampem admitted that public funds alone are inadequate to meet Ghana’s infrastructure demand. He argued that PPPs provide an opportunity to bring in private sector capital, expertise, and efficiency to complement government resources.
By leveraging PPPs, he said, Ghana could improve service quality, spread risks more effectively, and accelerate economic transformation. However, he acknowledged challenges such as low awareness of PPPs, capacity constraints in structuring projects, and regulatory bottlenecks that slow down transactions.
Government, he assured, is committed to addressing these hurdles and creating an enabling environment for private sector participation.
Call to partnership
The Deputy Minister urged both local and international investors to seize the opportunities in energy, transport, digital infrastructure, and urban development to partner government in closing the infrastructure gap.
“The framework is set. The vision is clear. The resolve for further PPP reform is strong. The leadership from President Mahama is committed,” he said. “Your technical expertise, innovation, and capital are not just welcome; they are essential.”
He concluded with a call to collective action, invoking an African proverb “If you want to go fast, go alone; if you want to go far, go together. The journey ahead for Ghana’s infrastructure demands that we go together with strong participation from the private sector.”
The KPMG Infrastructure Roadshow brought together policymakers, financiers, engineers, and business leaders to deliberate on innovative models for financing Ghana’s infrastructure needs under the theme “Unlocking Ghana’s Public Private Partnership Potential: Bridging Reform and Results.”
