C-NERGY Global Holdings (CGH), an investment advisory services firm, in partnership with the Ministry of Finance, organised a conference on the third global Public Private Partnership (PPP), in Takoradi in the Western Region.
The five-day programme that was on the theme, “Harnessing local opportunities, international expertise and resources to accelerate Ghana’s PPP agenda,” was sponsored by Tullow Ghana Limited and Ghana National Petroleum Commission.
The event that aimed at identifying issues that will help promote development in Ghana and other countries in the Sub-Saharan Africa, was attended by representatives from C-NERGY Ghana, Ministry of Finance, regional ministers, traditional rulers, private sector development and industry experts across the region.
Mr Michael N. A. Cobblah, the Chief Executive Officer of C-NERGY Ghana Limited, a subsidiary of CGH, said the conference sought to discuss issues that would help enhance the PPP, particularly knowledge and resource mobilisation.
“We must work hard to make our country and region investment friendly destination, before others take advantage of our resources and opportunities”, he said.
Mr Cobblah said a team of resource persons would undertake case study and network opportunities, to help set the development milestones the PPP has targeted.
He stressed that it seeks to connect the interest of public and private sectors in Sub Saharan Africa and the world at large by primarily steering the framework for implementation and attracting investors for PPP projects.
Mr Cecil Okrah, a director of the Ministry of Finance, said governments in the region seem to have a common agenda of driving development through a PPP that allows the public sector to tap into the financial and human capital of the private sector to promote development.
The director said it was estimated that Ghana needed at least $1.5 billion to tackle its infrastructure deficit and government had initiated the PPP, leading to some projects that had been piloted such as the Boankra Inland Port.He also mentioned infrastructure projects, including airports, ports and highways, that were being delivered through PPP.
Mr Okrah noted that, it was the vision of the ministry that the PPP would continue to offer government an additional tool to finance capital expenditure, grow the economy, increase employment opportunities, extend public services and reduce the burden on public finances.