Government piles pressure on parliament to regularise partnership with private sector
Government has increased pressure on Parliament to pass the National Policy on Public Private Partnership bill into law. This follows the launch of the guidelines to govern such collaboration. The policy provides a framework for effective collaboration between the public and private sector to enhance development.
The provision of infrastructure and services is a prerequisite for economic growth and development and government as the trust holder of the citizen’s taxes is also charged with the sole responsibility to provide infrastructure for development.
However, budgetary constraints have limited the capacity of the public sector to provide adequate infrastructure and services, resulting in the development of innovative approaches to the provision and financing of public infrastructure and services.
It is against this backdrop that the Ministry of Finance and Economic Planning in collaboration with the World Bank developed the National Policy on Public Private Partnership to promote development and economic growth.
It is expected that the private provision of public infrastructure and services will enhance the quality of project and enable the government to use the private sector’s delivery capabilities for the benefit of its citizens. Ghana’s infrastructural deficit demands a sustained spending of 1.5 million dollars to reverse the trend.
It is also expected that the successful implementation of the National Policy on Public Private Partnership will increase domestic and international investment.
Naadi Bitlegma e.tv Ghana news
Accra, May 17, 2012
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