Business News of 2014-04-24

World Bank supports Public/Private Partnership Project

The World Bank is supporting Public/ Private Partnership Project (PPPP) under the Ministry of Finance and Economic Planning with US$ 30m.
The Project which is expected to end in August 2016 is for the Adaptable Programme Lending (APL) Phase I project to improve the legislative, institutional, financial, fiduciary and technical framework to generate a pipeline of bankable PPP projects.
A WB document made available to the Ghana News Agency in Accra on Wednesday explained that the disclosure of the information was in line with the Bank's Access to Information Policy approved by the Board of Executive Directors in November 2009.
According to the WB, the overall objective of Adaptable Programme Lending two-phased initiative was to assist Ghana to increase targeted infrastructure and other social service levels and quality by mobilizing private sector participation through a public-private partnership (PPP) model.
Leveraging greater volumes of private sector investment in infrastructure provision is a critical Program end-objective. The two-phased APL is designed to promote the creation of a sustainable and cost-effective PPP market in Ghana.