The Ghana Infrastructure Investment Fund (GIIF) is driving the country’s infrastructural agenda, reducing the country’s reliance on foreign aid.
In addition, the GIIF is the primary domestic source for refinancing debts in the power sector (Power-GIIF) and funding the government’s Agenda 111, a programme aimed at improving health infrastructure across the country.
The Minister for Finance, Mr Ken Ofori-Atta, who made the point when he reconstituted GIIF’s Board, said that the government had completed several infrastructural projects with the money realised from the GIIF.
He said further that the GIIF was the leading domestic source for refinancing the debts in the power sector (Power-GIIF) and constructing the Accra-Tema Motorway Interchange.
GIIF is a US$325 million infrastructure investment vehicle established by the government to invest and develop infrastructure assets. The purpose is to raise money domestically to build infrastructural projects in the country.
To achieve this, Mr Ofori-Atta urged the reconstituted board to initiate strategies to raise revenue locally to enable the country to leverage on demands of foreign aid.
The reconstituted board has Mr Philip Addison (legal practitioner) as the chairperson, Mr Solomon Asamoah (new C.E.O.), Eric Okyere Darko, Madam Cecilia Hesse and Mr Kwabena Nyarko. The others are Mrs Theresa Afua Oparebea Ayaode, Ambassador George Kumi, Mr Collins Adomako-Mensah and Nana Afua Kyerewaa Ababio.
Public Relations Unit, Ministry of Finance
