The Founder and Senior Partner of AB & David Africa, Dr David Ofosu Dorte, has expressed concerns over the common practice in Ghana's Public-Private Partnership (PPP) agreements, where the public sector takes the lead in conducting feasibility studies for projects.According to him, it did not "make sense" for the public sector to conduct feasibility studies for PPP projects, as it has contributed significantly to Ghana's high public sector debt."We have borrowed huge amounts of money to do feasibilities that we have not delivered," Dr Dorte stated while speaking as the keynote speaker at the 2025 Ghana Investment and Trade Week Summit (GITW) held in Accra last Wednesday.Dr Dorte explained that instead of conducting feasibility studies, the government should focus on carrying out pre-feasibility studies and concept notes for PPP projects.
This approach, he noted, would help minimise risks and save money.The GITW 2025 summit on the theme"Constructing Prosperity: Advancing Industrial Growth Through Smart Infrastructural Planning," brought together local and international investors to explore potential areas for investment in Ghana.He emphasised that PPPs come with risks that, if not managed well, could harm the public sector."Many PPP projects have failed in Ghana because the risks associated with them were borne by our governments," he said, adding that these risks could be aggravated or external, requiring careful management.Against this backdrop, Dr Dorte recommended the creation of an ecosystem that encourages a stronger collaboration between the public and private sectors, adding that there should also be the political will to see to the end of PPP projects.Furthermore, he called for the need for "our governments to structure PPP projects without bloating the public sector debt which often leads to chaos."The President of the National House of Chiefs (NHC), Ogyeahoho Yaw Gyebi III, who was the Chairman for the occasion, underscored the importance of smart infrastructure planning in driving industrial growth and prosperity in Ghana.He said chiefs were vital enablers of inclusive development, and their presence signified a shared commitment to the country's future.According to him, PPPs had provided approximately $10 billion in infrastructure investments in the West African region, but Ghana had received relatively small amounts.He, therefore, urged the adoption of blended finance models to attract Foreign Direct Investment (FDI) and stimulate growth.The President of NHC also highlighted the need to empower Small and Medium-sized Enterprises (SMEs), which should not be seen as peripheral to the economy.He noted that Ghana achieved 3.2 per cent growth in 2024, led by the private sector, and affirmed that investing in infrastructure is key to driving factory development and overall growth.In a welcoming address, the Chairman of the Ghana Chamber of Construction Industry (GhCCI), Emmanuel TettehMartey, said the theme was not only relevant but also aligned with the government's 24-Hour Economy initiative and the Big Push, among others."The Big Push is not merely a slogan, but a significant employment and transformation initiative," he noted.However, Mr Martey stressed that a 24-hour economy required a reliable power source and good infrastructure. BY TIMES REPORTER
