Ghana Rising: Sustainable Infrastructure Post COVID-19
Pipeline of Infrastructure Projects
2021 SDG Investment Fair ACKNOWLEDGEMENTS
Technical Committee on Pipeline of Bankable Projects Ministries, Departments and Agencies that submitted Projects • Ministry of Finance • Ministry of Transport • Ministry of Planning • Ministry of Railways Development • National Development Planning Commission • Ministry of Energy • Ghana Investment Promotion Centre • Ministry of Works and Housing • United Nations Office for Project Services • Ministry of Education • Ministry of Local Government, Decentralisation and Rural United Nations Development/ Department of Parks and Gardens • • UN Department of Economic and Social Affairs (UN DESA) Coastal Development Authority • UN Office for Project Services (UNOPS) • United Nations Resident Coordinator Office (UNRCO)
University of Oxford
Republic Of Ghana
GHANA INFRASTRUCTURE FINANCING FOR THE SUSTAINABLE DEVELOPMENT GOALS | i FOREWORD
Since adopting the 15-year groundbreaking global Agenda 2030—the As the government reflects on its past accomplishments over the Sustainable Development Goals (SDGs) —and the African Union Agenda previous four years and plans for another term in office, there is the 2063, in 2015, Ghana has ensured their systematic implementation need to consider ways of reversing, in the shortest possible time, the by integrating them into the national development framework. negative impact of the COVID-19 pandemic, regaining the momentum Through the President’s Coordinated Programme of Economic and for national development in the pre-pandemic era and accelerating Social Development Policies (CPESDP 2017-2024), the Government the attainment of the SDGs, as articulated in the Ghana COVID-19 has adopted several forward-looking policy initiatives creating a Alleviation and Revitalisation of Enterprises Support (2020-2023). positive policy environment for trade and investment in the country. This brochure presents projects at different stages of development The Government also instituted Flagship Programmes and projects compiled from various sectors in Ghana expressly for the 2021 SDG under the CPESDP to help address specific challenges in education, Investment Fair. The brochure provides information on priority projects agriculture and health among others. Additionally, the Ghana in railway development, transport, agriculture and education, as well as Infrastructure Plan (GIP), which encapsulates Ghana’s long-term vision many other projects, in their early stages of development. and strategic direction for infrastructure development and provides the physical manifestation of social and economic ideals of the country, has It is our expectation that these projects would generate interest among investors and ultimately lead to the mobilisation of the much- been formulated. needed resources to propel the achievement of the SDGs in Ghana and As a developing country, the government continues to play a major role improvement in the quality of life of the people of Ghana. in the planned socio- economic transformation of the country. However, These projects have been selected by the Government of Ghana and partnership with the private sector is critical in the mobilisation packaged with technical support from United Nations Department of adequate resources both technical and financial to drive the for Economic and Social Affairs (UN DESA), the United Nations implementation and attainment of the SDGs, the AU Agenda 2063 as well Office for Project Services (UNOPS) and the United Nations Resident as national development aspirations. Indeed, the 2019 Ghana Voluntary Coordinator’s Office. We are grateful for their support and look forward National Review (VNR) underscored that financing is one of the critical to achieving the purpose for which this exercise was undertaken. issues that needed to be addressed for Ghana to achieve the SDGs. Ken Ofori-Atta, Honorable Minister for Finance
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ACKNOWLEDGEMENTS i PRIORITY PROJECTS 13 FOREWORD iii Transportation 15 TABLE OF CONTENTS iv EARLY STAGE PROJECTS 19 WHY INVEST IN GHANA 2 Transportation 21 Energy 31 Country Profile 2 Solid Waste 35 Market Opportunity 3 Housing 37 Sustainable Development through Infrastructure Investment 5 Education 39 Commitment to SDGs, NDCs and Gender Equality 6 Green Infrastructure 41 Sectoral Opportunities For Growth 7 Improving Business Climate 9 Investor Road Map 10 REFERENCES 43 OVERVIEW OF PROJECT DIGEST 12
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COUNTRY PROFILE
Ghana’s demographic profile signals that the country is ready for future growth, with significant gains made in improving development outcomes over the last thirty years. Ghana is the second most populous country in West Africa with 31.7 million people (UN DESA, 2019). The country boasts a significant growing youth population with 57% of this demographic under the age of 25 (GSS, 2014). Ghana has the advantage of comparatively high levels of education and human development. Education levels of the growing workforce are above the sub-Saharan standards and ~54% of the population has at least secondary Key Demographic Indicators education (PwC, 2013). Ghana’s rapid growth over the last thirty years has correlated to improved progress across numerous development 31.7 Population - 2021 (million, UN DESA, 2019) indicators. The country’s Human Development Index rose 31% from 1990 to 2019 and poverty levels have shown a steady decline during this 2.2% Population growth rate - 2019 (World Bank, 2019) period (UNDP, 2020). 138th Human Development Index Rank - 2019 (UNDP, 2020)
27th Gini Index Ranking - 2016 (World Bank, 2021) The country is blessed with a diverse geography and abundant natural resources. Situated along the Gulf of Guinea, Ghana’s 535-km-long 23% Poverty Rate - 2016 (World Bank, 2021) shoreline includes lagoons and mangrove forests. The country has a 79% Literacy Rate - 2018 (15 and older, UNESCO UIS, 2021)
diverse landscape spanning from tropical forests to savannahs. Apart 54% Population Completed Secondary Education (PwC, 2013) from its natural beauty, Ghana is endowed with several natural resources 57% Urban Population - 2020 (Worldometers, 2021) including timber, diamonds, bauxite, and manganese, as well as gold and oil which are Ghana’s primary exports. 57% Population Under 25 Years - 2020 (GSS, 2014)
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MARKET OPPORTUNITY Ghana’s investor-friendly legal and regulatory environment has buoyed its status as a strategic entrypoint to the West African Market. Ghana’s Key Economic Indicators Ghana is Africa’s 8th largest economy with a historically robust growth attractiveness as an investment hub is based on its continued political trajectory, however COVID-19 will impact growth. In 2020, Ghana’s stability, complemented by its strategic location along the Gulf of Guinea. 66.5 GDP - 2020 (USD billion) GDP growth rate is ranked 89th in the world and 18th in Africa, making Since gaining independence in 1957 and attaining democracy in 1992, 5.0% Projected GDP growth rate -2021 it one of the continent’s rising stars (IMF, 2021). Since 2010, Ghana has Ghana’s political stability has attracted substantial investor interest $2,190 GDP per capita - 2020 (IMF, 2021) experienced high levels of economic growth with annual GDP growth with net foreign direct investment growing significantly and reaching 9.9% Inflation - March 2021 (Bank of Ghana, 2021) averaging 6.2% (IMF, 2021). The coronavirus pandemic resulted in GDP 2.65 billion USD, representing 3.5% of GDP in 2019 (GIPC, 2021). The growth contracting to ~1% in 2020 (IMF, 2021). Future growth is positive, Ghanaian Cedi remains stable against the US Dollar, with import-driven Cedi Currency however the 2021 growth rate is projected at 5.0% due to lower oil prices demand driving fluctuations in the currency. Regionally, Ghana remains GHS 5.76 Exchange Rate (value of $1USD, Xe.com, 2021) and a reduction in trade, investment and tourism activities. Ghana is a key player in the West Africa sub-region one of the most politically and economically stable states. Ghana ranks 25% Corporate Income Tax Rate -2020 (KPMG, 2021) second in West Africa on the Global Peace Index and boasts a liberal Ghana’s diverse economy has cemented its status as a regional GDP Growth and Inflation (%) business environment and strong macroeconomic policies. powerhouse. Ghana is a net-exporting country, with a trade balance of 20 $2 billion USD (Bank of Ghana, 2021). The country’s primary economic Exchange Rate (GHc) and FDI ($ Billion) activity is agriculture, which accounted for almost 20% of its exports in 15 6 2020 (OEC, 2021). Ghana is a key member of the Economic Community of West African States (ECOWAS) where it seeks to promote economic 10 4 cooperation and development alongside 14 other member countries. As one of the wealthiest nations in the region, Ghana continues to foster 5 2 positive trade relationships in West Africa and across the continent.
0 0 2010 2015 2020 2025 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
GDP Growth GDP Growth Projection Inflation Inflation Projection Exchange Rate (January of each Year, GHC from USD) Foreign Direct Investment (USD, Billion)
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SUSTAINABLE DEVELOPMENT THROUGH COMMITMENT TO SDGs, INFRASTRUCTURE INVESTMENT NDCs AND GENDER EQUALITY Ghana’s Nationally-Determined Contributions (NDCs) provide a framework for integrating existing Infrastructure delivery remains key for the private sector is seen as a key partner in the Ghana has placed infrastructure at the centre of the attainment and proposed adaptation and mitigation actions attainment of Ghana’s development priorities attainment of infrastructure development of its national development targets. Ghana’s Infrastructure Plan in line with its commitment to tackle global climate with annual infrastructure financing growing change. Climate-related extreme events have the GHANA INFRASTRUCTURE PLAN (GIP) outcomes. In order to facilitate the attainment (GIP) is aligned with the Sustainable Development Goals (SDGs) and 2018-2047 208% over the last 10 years (GIH, 2021). of the SDGs, annual infrastructure investment Paris Agreement as it aims to deliver sustainable, climate resilient potential to put years of progress toward growth and HIGHLIGHTS Since 2007, Ghana has invested ~$23 billion will need to reach USD 9.3 billion by 2030 (GIH, infrastructure across major sectors. Gender mainstreaming is also a development targets at risk - infrastructure plays a in infrastructure development (GIH, 2021). 2021). This means that total infrastructure key focus throughout the infrastructure development process, and critical role in mitigating and adapting to climate risks. Ghana’s Infrastructure Plan (GIP) sets the investment in Ghana will need to reach $96 is integrated into Ghana’s policies and impact monitoring. Ghana is The development of climate-proof infrastructure is central to Ghana’s NDCs, including development of benchmark for the attainment of the post- billion by 2040. committed to achieving the SDGs, Paris Agreement and gender outcomes. Paris 2015 development agenda and Sustainable Agreement sustainable mass transportation, energy security, For Ghana, implementing its national GIP Development Goals (SDGs). The GIP aims to Investment Trend and Needs ($ Billion) forest management, alternate urban waste development agenda and achieving the SDGs are THE FUTURE OF INFRASTRUCTURE build world-class, resilient infrastructure assets management, integrated water resource management IN GHANA 10 one in the same. Infrastructure is key to achieving to support Ghana’s continued growth and to and agricultural resilience. the SDGs - infrastructure systems influence 92% of improve the quality of life of all Ghanaians 8 the 169 SDG targets, across all 17 Goals. Ghana has Infrastructure plays an important role in promoting by 2047. gender equality and empowering women. When 6 integrated the SDGs into its development agenda, as Foreign Direct Investment towards reflected in the country’s Coordinated Programme planned, delivered and managed following a gender 4 of Economic and Social Development Policies mainstreaming approach, infrastructure can address infrastructure development needs to be Sustainable the gender-based barriers impeding access to NATIONAL DEVELOPMENT PLANNING COMMISSION increased to close the infrastructure gap Development (CPESDP, 2017-2024) and its Long-Term National 2 NOVEMBER 2019 and ensure development targets are met. Goals Development Plan (2018-2057). Ghana’s focus essential services. Ghana’s National Gender Policy In line with global trends, the Government of on transportation, energy, water, sanitation and recognises the importance of access to infrastructure 0 Gender 20102020 2030 2040 agriculture demonstrates the broad range of socio- such as transportation and housing, and identifies Ghana is increasingly looking for mechanisms Equality to close this infrastructure financing gap. The Investment Trend Investment Need to Achieve SDGs economic impacts infrastructure development will priority sectors and strategies to achieve gender create towards achieving the SDGs. equality through infrastructure.
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SECTORAL OPPORTUNITIES FOR GROWTH
Over the past 3 decades, Ghana has made great progress in its Future investment will need to be focused across key sectors to fill the Ghana has a clear vision and strategy for the development of infrastructure development, driving socio-economic growth. ~$45 billion infrastructure investment gap by 2040 (GIH, 2020). infrastructure in some key sectors.
Energy The national road network grew 9,000km between 2006 and Transportation 2015 (GIPC, 2021; Adams, 2016), with 74% of roads being in 2.6 44.9 Ghana is well endowed with untapped renewable energy Ghana’s extensive road network is essential to the good or fair condition (MoRH, 2019). 10 resources, including biomass, hydro, wind and solar. economy, carrying 96% of all passenger and freight traffic Renewable energy contributes 1% to the energy mix (GIPC, 2021). In addition to developing and maintaining Agricultural yields for major crops grew as much as 9.5% (Ministry of Energy, 2021); Ghana aims to increase this road infrastructure, Ghana seeks to expand its rail between 2004 and 2014 (GSS, 2021), with the total value of 2.3 to 18% by 2047 (GIP, 2019). Expanding and maintaining networks, ports, inland water transport system, and harvested crops reaching $2.2 billion USD in 2017 (GSS, 2019). 30 electricity and oil and gas infrastructure are also priorities. aviation infrastructure (GIP, 2019). Electricity access has become ubiquitous, with 85% of the population having access, a 32% increase since 2010 (Ghana Water, Wastewater and Sanitation Energy Commission, 2019). Agriculture Enhance physical and institutional infrastructure to Strengthen the agriculture value chain and increase deliver piped drinking water for all Ghanaians, expand By 2017, 81% of the population has access to basic drinking productivity in the sector to meet growing demand by drainage and flood infrastructure for proactive disaster water services, a 26% increase since 2000 (JMP 2021). improving business linkages, investing in infrastructure prevention, and develop integrated sanitation and waste and improving technological capacity (GIP, 2019). Access to basic sanitation services has more than doubled management infrastructure systems (GIP, 2019).
since 2000, with 19% of the population having access by 2017 Transport Energy Water and Other Financing (JMP 2021). Sanitation Gap
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Efficient INVESTOR ROAD MAP ESG Risk IMPROVING BUSINESS CLIMATE Safeguards Allocation Ghana has established a clear roadmap for investors seeking to Ghana has taken significant steps to create an environment conducive invest in the country, with 3 simple steps to ensure compliance: for private sector investment by establishing a robust PPP Framework. Guiding End User Value for Principles Since 1990, 30 PPP projects have been financed in Ghana equating to a Ability Incorporate a company at the Registrar General’s Department (RGD) and obtain the following: Money STEP 1: REGISTRATION WITH total investment of $9.99 billion USD. The active PPP portfolio includes for PPPs in to Pay REGISTRAR GENERAL’S • Ghana 1 Certificate of Incorporation and TIN number 22 projects with $8.92 billion USD invested in projects primarily from DEPARTMENT the transportation, water and wastewater sectors (PPP Knowledge Lab, • Company Regulation Safeguard Local 2021). These projects have been facilitated through the strengthening of Public Technology upstream project planning facilities and the adoption of several policies to Interest Transfer Foreign investors are required to comply with the GIPC Act 2013 (Act 865) regarding minimum equity establish a stronger PPP framework. requirements either in cash or in capital goods relevant to the investment; or a combination of both. The
Ghana has strengthened its institutional capacity to plan and Ghana’s PPP framework and delivery are near or better than average breakdown of minimum equity contributions is as follows: in Sub-Saharan Africa (World Bank, 2021) deliver PPPs. A PPP Advisory Unit was established within the Public • US$200,000 for Joint Venture with Ghanaian partner having not less than 10% equity participation STEP 2: MINIMUM EQUITY Investment and Assets Division of the Ministry of Finance to manage the World Bank Thematic Scores for Public-Private Partnerships in Ghana 2 CONTRIBUTION • US$500,000 for 100% foreign ownership development and implementation of PPP projects. Ghana also adopted • US$1,000,000 for Trading Activity with a minimum of 20 skilled Ghanaians employed by such an enterprise. several PPP related policies, namely the: 4861 51 67 There is no minimum equity requirement for foreigners interested in the following sectors: manufacturing, • National Policy on Public Private Partnerships (June 2011) Preparation ProcurementContract Management Unsolicited Proposals export trading and portfolio investment. • PPP Bill Ghana Score Regional Average • Ghana Investment Promotion Centre Act, 2013 (Act 865) Despite the COVID-19 pandemic, Ghana still maintains good credit ratings STEP 3: REGISTRATION After paying relevant fees, the Investor then registers with the GIPC for the process to be completed. Ghana continues to improve its business climate, as evidenced by its and a stable economic outlook. 3 WITH GHANA INVESTMENT This procedure takes five (5) statutory working days to complete, provided the registration forms and all rising Ease of Doing Business Scores. Ghana’s ease of doing business PROMOTION CENTRE (GIPC) supporting documents are in order. B B- B3 score rose from 56.99 to 59.96 between 2015 and 2019, and it currently Stable Outlook Negative Outlook ranks at 118th in the world, and 3rd in West Africa (World Bank, 2020). Fitch (Oct. 2020) S&P (Sept. 2020) Moody’s (Apr. 2020) Requirement for Renewal: renewal with GIPC permitted every two (2) years.
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16 Projects
3 Feasibility | 4 Pre-Feasibility | 9 Concept
2 Priority | 14 Early Stage
Transportation Energy Green Infrastructure 10 Projects 2 Projects 1 Project
Solid Waste Education Housing 1 Project 1 Project 1 Project
The maps displayed in the project digest are for illustrative purposes only.
© Shutterstock GHANA INFRASTRUCTURE FINANCING FOR THE SUSTAINABLE DEVELOPMENT GOALS | 12 PRIORITY PROJECTS
2 Feasibility Stage Transportation Projects
© Shutterstock TRANSPORTATION – PRIORITY PROJECT
Metro / Light Rail Transit System Project impacts towards the SDGs
Inexpensive, safe form of transport reduces traffic Description: jam and deaths due to traffic incidents. A Light Rail Transit (LRT) network composed of seven corridors, located in Kumasi, Public transport options reduce CO2 emissions from vehicles. Ghana’s second largest city. Kumasi is a converging point of commercial activity Enhanced satisfaction with public transport safety, and a key transportation hub. It’s economic affordability, reliability and frequency. progress and rapid urbanization have led to urban mobility challenges and traffic Kumasi Project impacts towards Paris commitments congestion, which inhibit the city’s socio- Scale up sustainable mass transportation. TRANSPORTATION economic growth. The Kumasi LRT aims to strengthen the city’s transportation system. Resilient infrastructure planning city-wide for improved movement of people and goods. Location: 2 Feasibility Projects Kumasi Investment Details: Subsector: Light Rail Potential impacts towards gender outcomes Project Structure: PPP Project Start: 2025 Financing: Debt (70%), Build resilience for gender through equal employment opportunities in construction and O&M. Operation Start: 2025 Equity (30%) CapEx: $5.8 Billion Concession Period: 30 years Accessible transport options enable women to participate in NPV: $404 Million public life and other activities. O&M: $137 Million FIRR: 15.6% Agency: Ministry of Pre- Railways Development B/C Ratio: 1.12 Concept Feasibility Proposal Financed Feasibility
Pre- Environmen- Social Cost Multi- Procure- Planning Mr. Desmond Boateng Feasibility , Ag. Chief Director, MoRD Feasibility tal Impact Impact Benefit Criteria ment Permis- Study [email protected] | +233-547-888-085 Study Assessment Assessment Analysis Analysis Plan sions © Shutterstock
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Central Spine Rail Line Project impacts towards the SDGs
Inexpensive, safe form of transport reduces traffic Description: jam and deaths due to traffic incidents. A rail line originating from the Central district Paga Improved trade by increased logistical efficiencies to of the City of Kumasi and routes through reduce time and cost. major cities and towns such as Mankranso, Bechem, Sunyani, Techiman, Kintampo, Enhanced satisfaction with public transport safety, Buipe, Tamale, Walewale, Bolgatanga, and affordability, reliability and frequency. Navrongo before terminating in Paga, near Kumasi Project impacts towards Paris commitments the Burkina Faso border. The approximate length of the Central Spine Line is 672km. The Scale up sustainable mass transportation and open up project is expected to link Ghana to Burkina economic development between cities and regions. Faso and open up economic development. Resilient infrastructure planning between cities.
Location: Kumasi - Paga Investment Details: Potential impacts towards gender outcomes Subsector: Rail Project Structure: PPP/BOT Build resilience for gender through equal employment Project Start: 2023 Financing: Debt, Equity opportunities in construction and O&M. Concession Period: Operation Start: 2029 30 years NPV: $945m (at 8% interest) Inter-regional transport increases access to essential services CapEx: $3.3 Billion for rural women (i.e. healthcare, education). FIRR (until 2055): 9.45% O&M: $123 Million EIRR (until 2055): 13.2% Agency: Ministry of Pre- Concept Feasibility Proposal Financed Railways Development Feasibility
Pre- Environmen- Social Cost Multi- Procure- Planning Mr. Desmond Boateng Feasibility , Ag. Chief Director, MoRD Feasibility tal Impact Impact Benefit Criteria ment Permis- Study [email protected] | +233-547-888-085 Study Assessment Assessment Analysis Analysis Plan sions
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14 Projects
1 Feasibility | 4 Pre-Feasibility | 9 Concept
8 Transportation | 2 Energy | 1 Solid Waste | 1 Housing | 1 Education | 1 Green Infrastructure
© Shutterstock TRANSPORTATION – EARLY STAGE PROJECT
Trans-ECOWAS Railway Line Project impacts towards the SDGs Inexpensive, safe form of transport reduces traffic jam and deaths due to traffic incidents. Description: The proposed route is estimated at Facilitate increased and more efficient trade thereby increasing GDP. 550km from Aflao to Elubo, including a branch line to Keta. The proposed Enhanced satisfaction with public transport safety, railway will ensure the smooth and affordability, reliability and frequency. rapid movement of goods and people Project impacts towards Paris commitments within Ghana, as well as facilitate Aflao the movement of people and transit Elubo Scale up sustainable mass transportation, connecting TRANSPORTATION cargo for trade between Togo and Côte Ghana with neighboring countries. d’Ivoire. The project promises to bring Resilience for vulnerable communities with smoother tremendous socio-economic benefits Investment Details: to Ghana and other neighbouring provision of goods and services. 8 Projects territories of Benin and Nigeria to the Project Structure: PPP Potential impacts towards gender outcomes East and Liberia and Sierra Leone to (Hybrid BOT options) 1 Feasibility | 2 Pre-Feasibility | the West of Ghana. Financing: Debt Build resilience for gender through equal employment 5 Concept opportunities in construction and O&M.
Location: Aflao - Elubo CapEx: $3.8 Billion Inter-regional transport increases access to essential services Subsector: Rail O&M: $29 Million for rural women (i.e. healthcare, education).
Project Start: 2022 Agency: Ministry of Pre- Railways Development Concept Feasibility Proposal Financed Operation Start: 2025 Feasibility
Pre- Environmen- Social Cost Multi- Procure- Planning Mr. Desmond Boateng Feasibility , Ag. Chief Director, MoRD Feasibility tal Impact Impact Benefit Criteria ment Permis- Study [email protected] | +233-547-888-085 Study Assessment Assessment Analysis Analysis Plan sions © Shutterstock © Shutterstock GHANA INFRASTRUCTURE FINANCING FOR THE SUSTAINABLE DEVELOPMENT GOALS | 22 TRANSPORTATION – EARLY STAGE PROJECT TRANSPORTATION – EARLY STAGE PROJECT
Establishment of Volta Lake Transport System Project impacts towards the SDGs Home-Based Carrier Project impacts towards the SDGs Faster, efficient cargo deliverycontribute to Promote tourism, boost trade and investment and economic growth. create jobs, contributing to GDP growth. Description: Description: Improved transport logistics through efficient cargo Improved transport logistics through an enhanced, system. Establishment of the Home Based The Volta Lake Transport System world-class airport and related infrastructure. Lake Carrier to promote tourism, boost will enhance the capacity of cargo Volta Lower carbon emissions on the lake transport trade and investment, create jobs and operations along the Volta Lake to system. Project impacts towards Paris commitments support the vision to make Kotoka ease the movement of goods and Project impacts towards Paris commitments International Airport the Aviation Hub Economic benefits and multiplier effects from scaled up services. It will link the Eastern within the sub-region. The carrier sustainable air transportation. Multi Modal Transport Corridor Scale up sustainable mass transportation through the Volta has the potential to generate indirect to the railways from Tema to Lake, creating regional linkages. Accra Resilient infrastructure planning with indirect financial and financial and economic benefits with its Mpakadan. economic benefits, strengthening the Ghanaian and West Resilient infrastructure planning to ease movement of multiplier effects within the West Africa African economy. goods and services along the lake. sub-region and Ghana in particular. Potential impacts towards gender outcomes Potential impacts towards gender outcomes Location: Along Volta Lake CapEx: TBD
Build resilience for gender through increased employment Location: Accra CapEx: $61 Million Subsector: Water Transport Agency: Volta Lake Build resilience for gender through increased access to opportunities in construction and O&M. employment opportunities for women in the aviation sector. Transport Company Subsector: Aviation O&M: $237 Million Project Start: 2022 Increased cargo transportation increases access to markets Project Start: 2022 for rural women in the agricultural sector. Agency: Ministry of Transport Pre- Implementation Time: 5 Years Concept Feasibility Proposal Financed Feasibility Pre- Mrs. Mabel Sagoe, Ag. Chief Director, MoT Concept Feasibility Proposal Financed [email protected] | +233-577-736-863 Feasibility Pre- Environmen- Social Cost Multi- Procure- Planning Mrs. Mabel Sagoe, Feasibility Ag. Chief Director, MoT Feasibility tal Impact Impact Benefit Criteria ment Permis- Study [email protected] | +233-577-736-863 Study Assessment Assessment Analysis Analysis Plan sions
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Airport City II Project impacts towards the SDGs Tamale Airport MRO Facility Project impacts towards the SDGs
Cut unemployment through construction, operation, Cut unemployment through construction, operation, and maintenance jobs. and maintenance jobs. Description: Description: Increased trade volumes contribute to GDP growth. Improved transportation logistics at airport. The Airport City II is a high end, Develop a state-of the- art mixed-use commercial precinct Increased satisfaction with convenient, safe and Maintenance, Repair and Overhaul Increased government revenue from facility covering 291 acres for the Tamale improved transport system. (MRO) facility at the Tamale Airport. activities. development of hotels, shopping The project when completed will malls, offices, parks etc. It will have Project impacts towards Paris commitments serve Ghana and the West Africa Project impacts towards Paris commitments roads and access ways, open space sub-region and beyond. car park, residential facilities and Accra Scale up sustainable mass transportation with access ways, Scale up sustainable mass transportation by serving Ghana intermodal transport terminal and intermodal terminal. and West Africa region. among others. Resilient infrastructure planning with high end mixed use Resilient infrastructure planning through technical support commercial precinct. to airport.
Location: Accra CapEx: TBD Potential impacts towards gender outcomes Location: Tamale CapEx: TBD Potential impacts towards gender outcomes Subsector: Aviation Subsector: Aviation Agency: Ministry Build resilience for gender through access to equal Agency: Ghana Build resilience for gender through increased access to equal of Transport employment opportunities for women in the aviation sector Airports Ltd Project Start: 2022 Project Start: TBD employment opportunities for women in the aviation sector. and adjacent commercial operations.
Pre- Pre- Mrs. Mabel Sagoe, Ag. Chief Director, MoT Concept Feasibility Proposal Financed Mrs. Mabel Sagoe, Ag. Chief Director, MoT Concept Feasibility Proposal Financed [email protected] | +233-577-736-863 Feasibility [email protected] | +233-577-736-863 Feasibility
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Air Cargo Facility Green Airports (G-Gap) Project impacts towards the SDGs Project impacts towards the SDGs Increase renewable energy generation. Faster, more efficient cargo delivery leading to economic growth and development. Description: Description: Improved transport logistics through quicker, Job creation in construction and O&M. Develop an air cargo facility at efficient movement of cargo. Partner with the private sector Tamale Airport to support the to install solar panels at all the Reduced carbon footprint of airports due to Tamale Tamale movement of goods to other parts airports to complement the energy renewable energy. of the West Africa sub-region and Project impacts towards Paris commitments demand at the airports. Sunyani Project impacts towards Paris commitments beyond. Scale up sustainable mass transportation by serving Ghana Kumasi and West Africa region. Scale up renewable energy penetration in airports. Accra Resilient infrastructure planning through technical support Sekondi- Support Green Cooling Africa Initiative with greenhouse tech. to airport. Takoradi City-wide resilience planning through partnership with private sector.
Potential impacts towards gender outcomes Location: Tamale CapEx: TBD Potential impacts towards gender outcomes Location: All Airports in Ghana CapEx: TBD Build resilience for gender through equal access to Subsector: Aviation Agency: Ghana Development of the clean energy and aviation sectors provide employment opportunities in the aviation sector. Subsector: Solar Agency: Ghana opportunities for women’s employment and training Project Start: TBD Airports Ltd Project Start: Airports Ltd in a variety of roles, including technical, operational and Efficient inter-regional transport networks allow for access to TBD administrative posts. essential goods for rural women.
Pre- Pre- Mrs. Mabel Sagoe, Ag. Chief Director, MoT Concept Feasibility Proposal Financed Mrs. Mabel Sagoe, Ag. Chief Director, MoT Concept Feasibility Proposal Financed [email protected] | +233-577-736-863 Feasibility [email protected] | +233-577-736-863 Feasibility
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Keta Sea Port Project impacts towards the SDGs Increased port infrastructure for trade will contribute to economic growth.
Description: More employment opportunities for people in Keta. Construct a third port in Keta to ease current and projected Improved transport logistics through improved pressure on the two existing ports cargo system. in the country. The project will boost economic growth, create Project impacts towards Paris commitments employment opportunities for the Keta Addition of third port in Ghana scales up sustainable people of the Volta Region and transportation infrastructure. surrounding areas. Boost economic growth and employment through resilient infrastructure planning.
Potential impacts towards gender outcomes Location: Keta CapEx: TBD Build resilience for gender through increased employment Subsector: Port Infrastructure Agency: Ministry opportunities in construction and O&M. of Transport Project Start: 2022 Increased port infrastructure increases access to markets for rural women in the agricultural sector.
Pre- Mrs. Mabel Sagoe, Ag. Chief Director, MoT Concept Feasibility Proposal Financed [email protected] | +233-577-736-863 Feasibility
© Shutterstock 29 | GHANA INFRASTRUCTURE FINANCING FOR THE SUSTAINABLE DEVELOPMENT GOALS GHANA INFRASTRUCTURE FINANCING FOR THE SUSTAINABLE DEVELOPMENT GOALS | 30 ENERGY – EARLY STAGE PROJECT
Ghana Nuclear Power Plant Project impacts towards the SDGs Liftingcommunities out of poverty with the provision of basic energy services. Description: Enhanced quality of life throughout Ghana with Diversify Ghana’s energy mix to bring more reliable electricity. stability in energy delivery and provide energy security to stimulate growth in Greater electricity coverage and access to clean all sectors of the economy in Ghana energy. and West Africa. The project will GHANA develop nuclear energy infrastructure Project impacts towards Paris commitments
that provides clean, affordable and Scale up renewable energy penetration to increase access. ENERGY reliable baseload power with the view to reducing the incidences and effects Resilient infrastructure planning through diversified energy mix and climate resilient infrastructure. of climate change. Two (2) units of the nuclear power plant will add 2,000MW Promote clean energy for rural households. 2 Pre-Feasibility Projects to 2,400MW of affordable electricity to the national grid. Potential impacts towards gender outcomes
Build resilience for gender through accessible electricity which can reduce the time women and girls spend collecting Location: Classified CapEx: $5.5 Billion fuel and firewood, typically unpaid activities that limit educational attainment. Subsector: Nuclear Energy Agency: Ministry of Energy Development of the nuclear energy sector provide Project Start: 2024 opportunities for women’s employment and training in a variety of roles.
Pre- Mr. Lawrence Apaalse, Chief Director, Ministry of Energy Concept Feasibility Proposal Financed [email protected] | +233-243-446-338 Feasibility
© Shutterstock GHANA INFRASTRUCTURE FINANCING FOR THE SUSTAINABLE DEVELOPMENT GOALS | 32 ENERGY – EARLY STAGE PROJECT TRANSPORTATION – EARLY STAGE PROJECT
Petroleum Hub Project impacts towards the SDGs
GDP growth from refined petroleum products for Description: manufacturing.
Partner with the private sector to develop Research and development in manufacturing industry. Ghana as a hub for refined petroleum products for the West Africa sub-region Increased government revenues and foreign and the continent. The hub comprises of investment. three new refineries with a total capacity of 900,000 bpsd; storage tanks for Crude Project impacts towards Paris commitments with total capacity of 10,000,000m3; Private gas operators improve energy efficiency in industry. jetties; five petrochemical plants with the Petroleum hub supports sustainable transport with reliable capacity to process 90,000 bpsd worth of Western fuel supplies. feedstock; port infrastructure and other Region in power generations and supply private ancillary infrastructures. Increased efficiencies sector.
Potential impacts towards gender outcomes Location: Western Region CapEx: $60 Billion
Subsector: Petroleum Agency: Petroleum Hub Growth of the sector provides opportunities for women’s Development Corporation employment and training in a variety of roles, including Project Start: TBD technical, operational and administrative posts.
Pre- Mr. Lawrence Apaalse, Chief Director, Ministry of Energy Concept Feasibility Proposal Financed [email protected] | +233-243-446-338 Feasibility
© Shutterstock 33 | GHANA INFRASTRUCTURE FINANCING FOR THE SUSTAINABLE DEVELOPMENT GOALS GHANA INFRASTRUCTURE FINANCING FOR THE SUSTAINABLE DEVELOPMENT GOALS | 34 SOLID WASTE – EARLY STAGE PROJECT
Plastic Waste Recycling Project impacts towards the SDGs
Limit landfills and ensure air quality to improve health.
Description: Job creation in operations reduce unemployment. There is a growing demand for recycled plastic as raw material Reduced generation of municipal solid waste. for road construction. Plastic waste collection will generate income and create a value chain Project impacts towards Paris commitments SOLID WASTE where production of granules, film bags and pellets also generate Adopting alternative urban solid waste management. additional revenue. Coast 1 Concept Project City-wide resilience planning through sustainable waste management in urban areas.
Location: Coastal Areas CapEx: TBD Potential impacts towards gender outcomes Subsector: Plastic Waste Agency: Coastal Project Start: TBD Development Authority Growth of the plastic waste sector provides opportunities for women’s employment and training in a variety of roles, including technical, operational and administrative posts.
Mr. Jerry Ahmed Shaib Chief Executive Officer, Pre- Coastal Development Authority Concept Feasibility Proposal Financed [email protected] | +233-267-555-755 Feasibility
© Shutterstock GHANA INFRASTRUCTURE FINANCING FOR THE SUSTAINABLE DEVELOPMENT GOALS | 36 HOUSING – EARLY STAGE PROJECT
Affordable Housing Project Project impacts towards the SDGs Liftingcommunities out of poverty with the provision of affordable housing.
Description: Greater satisfaction and quality of life. Construction of 130,000 units comprising 78,000 2-bedroom and Reduced housing costs, providing more disposable income. 52,000 3-bedroom in the: Western GHANA (50,000), Eastern (50,000) and HOUSING Savannah (30,000) Regions. Project impacts towards Paris commitments Resilient infrastructure planning through increased provision of housing.
Enhanced resilience and well-being of marginalized 1 Concept Project segments of the population.
Potential impacts towards gender outcomes Location: Nationwide CapEx: $4.6 Billion Build resilience for gender through equal access to affordable Subsector: Affordable Housing Agency: Ministry of housing for women. Works and Housing Project Start: 2022 Ownership of their own home can promote autonomy and independence for women.
Pre- Solomon Asoalla, Chief Director, Ministry of Works and Housing Concept Feasibility Proposal Financed [email protected] | +233-208-504-387 Feasibility
© Shutterstock GHANA INFRASTRUCTURE FINANCING FOR THE SUSTAINABLE DEVELOPMENT GOALS | 38 EDUCATION – EARLY STAGE PROJECT
Hostels for Education Institutions Project impacts towards the SDGs
Potential to increase access to and improve attainment of education.
Description: Remove barriers to lower youth not in education or training. Provision of hostels to address gaps in accommodation in Improved quality of service of education institutions. secondary and tertiary institutions GHANA due to increase in school EDUCATION enrolment. Project impacts towards Paris commitments Strengthen resilience of education infrastructure by addressing accommodation gaps and increasing enrolment.
1 Concept Project Increased accessibility to improve resilience for the vulnerable.
Potential impacts towards gender outcomes Location: Nationwide CapEx: TBD
Subsector: Facilities Agency: Ghana Build resilience for gender through equal access to schools Education Service and education through increased accommodation, allowing Project Start: TBD girls to advance in their education attainment.
Pre- Mr. Benjamin Gyasi, Chief Director, Ministry of Education Concept Feasibility Proposal Financed [email protected] | +233- 208-198-378 Feasibility
© UNOPS GHANA INFRASTRUCTURE FINANCING FOR THE SUSTAINABLE DEVELOPMENT GOALS | 40 GREEN INFRASTRUCTURE – EARLY STAGE PROJECT
Aburi Botanical Gardens Project impacts towards the SDGs
Upgrade Increased access to scientific education and training.
Description: Improved capacity and resources for scientific research. Currently only 20% of the Gardens have been fully developed - the Restoration of historic site and natural heritage. GREEN project aims to refurbish the garden and establish an historic INFRASTRUCTURE site, education facility, visitors Project impacts towards Paris commitments centre, retreat centre, research Aburi Promote sustainable use of forest resources. laboratory, herbarium and seed banks. 1 Concept Project Restoration creates value addition-based utilization of forest resources.
Potential impacts towards gender outcomes Location: Aburi CapEx: $5.2 Million
Subsector: Garden Agency: Ministry of Local Build resilience for gender through increased equal Government and Rural employment opportunities for women in science, technology, Project Start: 2022 Development research and innovation fields.
Mr. Charles K. Dondieu, Chief Director, Ministry of Local Government and Rural Development Pre- Concept Feasibility Proposal Financed [email protected] | +233-244-841-634 Feasibility
© Shutterstock GHANA INFRASTRUCTURE FINANCING FOR THE SUSTAINABLE DEVELOPMENT GOALS | 42 REFERENCES
Adams, Charles, 2016. GhIE Ghana Infrastructure Report Card 2016. Global Infrastructure Hub (GIH), 2021. Infrastructure Outlook - Ghana. PricewaterhouseCoopers (PwC) South Africa, 2013. Africa Gearing Up. The World Bank, 2021. Gini index (World Bank estimate) - Ghana. [online] 10.13140/RG.2.2.27160.70409. [online] Available at:
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APRIL 2021