A new financing model for SHS will leverage private sector to finance infrastructure – Bawumia to CHASS

The Vice President, Dr Mahanudu Bawumia has reiterated his commitment to engaging the private sector more in the provision of national infrastructure.

During his recent major policy address as flagbearer on February 7th, Dr Bawumia said that he will engage the private sector to fund capital projects to reduce government expenditure as part of his government’s strict measures to adhere to fiscal discipline.

At a meeting with the Conference of Heads of Assisted Senior High Schools, Dr Bawumia announced that under his government, school infrastructure will be funded through a public, private partnership arrangement with the private sector to ensure the provision of more infrastructure and minimise the burden on the government.

“My administration will incentivise the private sector to complement government in the provision of many infrastructure and other services to reduce government expenditure and improve maintenance,” he said.

Bawumia announced a wide range of infrastructure, apart from schools, which he will engage in the private sector to fund.

“The private sector will be encouraged to build roads, schools, hostels, and houses for government to rent or lease to own

Under this proposed funding arrangement the private sector will be encouraged to build infrastructure (such as dormitories, classrooms, etc.) which the government will rent for years and own after some time.