Mona Quartey, a former deputy Finance Minister under the erstwhile Mahama Government has disclosed that the opposition National Democratic Congress (NDC), if voted into power, will fund its $10 billion 'Big Push' through equity injections.
This comes after former President John Mahama announced a $10 billion accelerated infrastructural plan, dubbed the 'Big Push' at the NDC 2020 manifesto launch.
“We are looking at what I call the 'Big Push', injecting some $10 billion to dualise our roads, complete the remainder of the 200 Community Day Senior High Schools, finish all the hospital projects that have been left abandoned, and construct bridges to open up the country”, Mr Mahama said.
However, in his speech, he did not disclose how the 'Big Push' project would be funded.
Speaking on Prime Morning Monday, Mona Quartey revealed that the projects will be funded through equity injections.
She explained that the next Mahama administration will generate funds for the project through the public-private sector and these generated funds will be used in the construction of roads, schools and hospitals.
"We will continue to push the public-private partnership which we have already started and we've had some success with.
"10 billion 'Big Push' is something that we've funded before. It is not new for us. We will do that through a lot of equity injection; we will continue to push the public-private partnership".
"We will have private sector monies coming in, we will have the government itself being able to borrow as well in addition to what is there, but in a smart way in order that those projects are projects that pay for themselves and, therefore, they are almost self-financing projects," she added.
Latest Stories
-
Amazon faces US strike threat ahead of Christmas
7 minutes -
Jaguar Land Rover electric car whistleblower sacked
14 minutes -
US makes third interest rate cut despite inflation risk
19 minutes -
Fish processors call for intervention against illegal trawling activities
31 minutes -
Ghana will take time to recover – Akorfa Edjeani
1 hour -
Boakye Agyarko urges reforms to revitalise NPP after election defeat
1 hour -
Finance Minister skips mini-budget presentation for third time
1 hour -
‘ORAL’ team to work gratis – Ablakwa
2 hours -
Affirmative Action Coalition condemns lack of gender quotas in Transition, anti-corruption teams
2 hours -
December 7 election was a battle for the ‘soul of Ghana’ against NPP – Fifi Kwetey
2 hours -
Social media buzzing ahead of Black Sherif’s ‘Zaama Disco’ on December 21
2 hours -
Afenyo-Markin still suffering from the massive defeat – Fifi Kwetey
2 hours -
Retain Afenyo-Markin as NPP leader, he has experience – Deputy Speaker
2 hours -
Kufuor didn’t leave behind a strong economy – Fifi Kwetey
2 hours -
It won’t be business as usual, remain humble – Fifi Kwetey to party members
3 hours