President John Mahama has unveiled a comprehensive infrastructure development plan that promises to transform Ghana's transportation and energy landscape. Speaking at the Jubilee House on Monday, the President outlined a GH₵50 billion investment programme targeting roads, railways, ports, and renewable energy projects across all 16 regions.
"This is not just about building roads and bridges. This is about connecting communities, creating jobs, and laying the foundation for sustained economic growth," President Mahama told a gathering of ministers, MPs, and development partners.
The plan, dubbed 'Ghana Forward', includes the construction of 5,000km of roads in rural areas, expansion of the Tema Port, and the development of 1,000MW of solar energy capacity. The government plans to finance the initiative through a combination of domestic revenue, Eurobonds, and partnerships with China, the US, and the EU.
Opposition NPP members have raised concerns about fiscal sustainability, with former Finance Minister Ken Ofori-Atta calling for greater transparency in the financing arrangements. "We support infrastructure development, but Ghanaians deserve to know the full cost and how it will be repaid," he said.
The World Bank has signalled support for the initiative, pledging $500 million in concessional loans subject to governance conditions being met.
