Renowned economist Prof. Godfred Bokpin has called on the government to prioritize long-term domestic capital as a key financing strategy for critical infrastructure projects in Ghana.
Speaking at the Economic Outlook Conference in Accra, Prof. Bokpin highlighted the urgent need for sustainable financing mechanisms to address Ghana’s growing infrastructure deficit. He stressed that relying on short-term borrowing or external loans alone is unsustainable and could further strain the country’s debt situation.
He urged policymakers to leverage Public-Private Partnerships (PPPs) as a viable approach to financing major infrastructure projects, emphasizing that mobilizing domestic capital sources such as pension funds, sovereign wealth funds, and local investment instruments would ensure stability and long-term growth.
According to Prof. Bokpin, Ghana’s infrastructure gaps in transportation, energy, healthcare, and digital connectivity require strategic financial planning and efficient resource allocation.
He warned that failing to invest in long-term domestic financing solutions could slow economic progress and limit opportunities for industrialization and job creation.
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