The National Democratic Congress (NDC) plans to increase private-sector involvement in its next government, aiming to reduce the state’s direct participation in business operations. Isaac Adongo, the spokesperson on economic issues for NDC flagbearer John Mahama, highlighted these intentions during an interview on Joy News’ PM Express.
Adongo emphasized that a leaner government would free up substantial resources, allowing for their allocation to other critical ventures. “Running a lean government will save the country a lot of money to channel into other ventures,” Adongo stated, reinforcing the NDC’s commitment to efficient governance.
He also defended Mahama’s 680 campaign promises, describing them as both practical and achievable. “It’s not the number of promises; it’s the quantum of the envelope. Our planned programs and policies, designed for realignment, are fundable,” he asserted.
The NDC’s funding strategy includes leveraging Public-Private Partnerships (PPP) and development finance to support its projects. Adongo referenced successful initiatives from the previous Mahama administration, such as the $1.5 billion Tema Harbour development (MPS) and the construction of Terminal 3, which were completed without straining the government budget.
Adongo further outlined the party’s approach to infrastructure development, including the dualization of the Accra-Kumasi road. He noted the role of the Ghana Infrastructure Investment Fund (GIIF) and partnerships with multilateral institutions. “If we establish a vehicle with the government as a stakeholder with $500 million, we can leverage an additional $500 million, creating a $1 billion fund,” Adongo explained. This approach would involve the government contributing $200 million and private sector investors matching this amount for projects like the Accra-Kumasi road.
Addressing concerns about private sector involvement, especially given Ghana’s current creditworthiness issues, Adongo expressed confidence in the private sector’s capabilities. “I trust the private sector more than the government because of its principles, risk management beliefs, and ability to ensure returns on investments,” he concluded. The NDC’s proposed programs aim to leverage private sector partnerships while minimizing government interference.
