Transport
From The Report: Ghana 2019
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A range of game-changing infrastructure projects are set to reshape Ghana’s transport sector over the next half-decade, and 2019 should be a year of redoubled investment by the government. The country’s two main ports continue to expand, the budget for road development has increased by nearly 150%, the long-awaited transformation of the railway network is progressing and a new national airline is scheduled to join Accra’s new airport terminal. Public-private partnerships are central to this expansion, and local firms are joining a growing list of partners from Asia and Europe. The efforts of successive administrations to harness the expertise, technology and capital of domestic and foreign companies continue to bear fruit, and a commitment to improving transit systems as a key to unlocking broader economic growth should create further opportunities for private partners in 2019.

This chapter contains an interview with Solomon Asamoah, CEO, Ghana Infrastructure Investment Fund.

Articles from this Chapter

Overview

Opportunities for private engagement abound as the government: renews its commitment to infrastructure investment By land, air and sea
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A range of game-changing infrastructure projects are set to reshape Ghana’s transport sector over the next half-decade, and 2019 should be a year of redoubled investment by the government. The country’s two main ports continue to expand, the budget for road development has increased by nearly 150%, the long-awaited transformation of the railway network is progressing and a new national airline is scheduled to join Accra’s new airport terminal. Public-private partnerships (PPPs) are…

Analysis

Full steam ahead: Investment in rail lines should fast-track regional integration
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The Ministry of Railways Development (MRD) has a budget of GHS636m ($137m) for 2019, up 16.9% from its allocation in 2018. The government is also looking to tap private sources of funding, such as its $2bn deal with China’s Sinohydro, wherein the firm will build vital infrastructure in exchange for bauxite development revenue. The MRD’s projects are centred around completing work that slowed during a period of sluggish infrastructure investment, launching new lines, and pushing forward…

Interview

Financing solutions: Solomon Asamoah, CEO, Ghana Infrastructure Investment Fund (GIIF), on strategies to overcome the infrastructure deficit
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Interview:Solomon Asamoah What is the current environment for the funding and development of infrastructure? SOLOMON ASAMOAH: Developing infrastructure is a long-term commitment, which requires long-term financing. For most power projects to be well structured they will need funding with tenor for at least eight to 10 years, and significant amounts of equity. Through our own funding work at GIIF we have seen first-hand how both instruments are in scarce supply in Ghana’s domestic financial…

Overview

Rapid expansion of global aviation industry propels investment: Skybound
OBG
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The aviation sector is experiencing rapid growth worldwide, propelled by booming tourism industries, lower airfares and the push for greater connectivity in an increasingly globalised economy. Middle-class expansion has also spurred growth in air travel, as more people are able to afford flights for holidays or business-related travel. According to Boeing, commercial airlines saw annual average passenger growth of 6.2% between 2012 and 2017. The manufacturer also estimated that by 2036 an additional 41,000 plane deliveries will need to be fulfilled in order to meet service needs for both passengers and cargo. To accommodate these developments,…

Overview

Rapid expansion of global aviation industry propels investment: Skybound
OBG
plus

The aviation sector is experiencing rapid growth worldwide, propelled by booming tourism industries, lower airfares and the push for greater connectivity in an increasingly globalised economy. Middle-class expansion has also spurred growth in air travel, as more people are able to afford flights for holidays or business-related travel. According to Boeing, commercial airlines saw annual average passenger growth of 6.2% between 2012 and 2017. The manufacturer also estimated that by 2036 an additional 41,000 plane deliveries will need to be fulfilled in order to meet service needs for both passengers and cargo. To accommodate these developments,…