‘Investment In Infrastructure Will Boost Ghana’s Growth By 2.7%’

DHL pixThe Managing Director of DHL Express Sub-Saharan Africa, the leading international express and logistics company, Charles Brewer, has cited inadequate infrastructure as the major challenge confronting most businesses in Ghana and Africa as a whole.

“Infrastructure is the biggest challenge for Africa though some countries especially South Africa has taken the lead to improve upon their infrastructure, the picture in most African countries is not exciting,” he stated.

Infrastructure, he said had contributed just over one percentage point to Ghana’s annual per capital GDP growth during the 2000s.

Mr. Brewer disclosed this at the just ended Ghana Economist Summit held at the Movenpick Ambassadors Hotel in Accra.
The two-day event brought together stakeholders across the African sub- region to discuss the challenges confronting the various sectors of the Ghanaian economy.

The DHL boss explained that though Ghana had relatively good infrastructure there was the need invest more in the sector.
He said increasing investments in the infrastructure sector could boost the country’s annual growth rate by more than 2.7 per cent.

“Ghana has an advanced infrastructure platform when compared with other low-income countries in Africa,” he stressed, adding that a large share of the road network was in good condition.

Mr Brewer said the biggest challenge facing Ghana was the power sector, saying   outmoded transmission and distribution assets, rapid demand growth and periodic hydrological shocks had left the country relying on oil for power generation.

“Addressing Ghana’s infrastructure challenges will require raising annual expenditures to $2.3 billion as the country already spends about $1.2 billion per year on infrastructure,” he stated.  By Michael D. Abayateye

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