Ghana is channeling up to $1.2 billion into infrastructure this year as part of a broader plan to reset its economy, Deputy Finance Minister Thomas Nyarko Ampem has announced. The investment will target key areas such as transportation, energy, and irrigation, with funding drawn from oil revenues and mineral royalties. However, spending could rise by an additional $500 million by 2028. The initiative comes as Ghana rebounds from its worst economic crisis in decades, which triggered a 2022 debt default and a $3 billion IMF bailout. With the economy showing signs of promising growth—5.7% in 2024 and a forecast of 4.3% this year—the new infrastructure push aligns with President John Mahama’s campaign pledge to drive development through a $10 billion national program.
SEMAFOR
