Vice President Dr. Mahamudu Bawumia has reaffirmed his dedication to harnessing the private sector’s potential in addressing Ghana’s infrastructure needs.
In his February 7 policy address as NPP flagbearer, Dr. Bawumia outlined plans to engage the private sector in funding capital projects, thereby reducing government expenditure and promoting fiscal discipline.
Speaking at a meeting with the Conference of Heads of Assisted Senior High Schools (CHASS), Dr. Bawumia announced that his administration will introduce a public-private partnership (PPP) arrangement to fund school infrastructure development.
This collaborative approach aims to increase infrastructure provision while minimizing the financial burden on the government.
Dr. Bawumia envisions leveraging the private sector and an enhanced credit system to expand educational infrastructure, support teaching and non-teaching staff, and improve educational outcomes.
Under the proposed funding arrangement, the private sector will be encouraged to build infrastructure such as dormitories, classrooms, and roads, which the government will rent or lease over a period of years before owning them outright.
This innovative financing model will avoid significant upfront government costs and delays in completing infrastructure projects in senior high schools.
By reducing the educational infrastructure deficit, improving maintenance, and enhancing the quality of education, this policy will also optimize government expenditure management.
Dr. Bawumia’s meeting with CHASS is part of his ongoing engagement with key stakeholders to share his policies and solicit their input, demonstrating his commitment to inclusive and collaborative governance.
