Ghana has announced plans to invest $1.2 billion this year to strengthen its infrastructure and support economic growth. The government will channel resources into expanding transportation networks, improving the energy supply, and developing modern irrigation systems.
Funding for the projects will come mainly from oil revenues and mineral royalties, with officials projecting that the amount could rise by about $500 million by 2028.
The initiative comes as Ghana works to rebuild its economy following a severe financial crisis and debt default in 2022, which led to a $3 billion IMF loan program. Growth rebounded to 5.7% in 2024, with forecasts pointing to around 4.3% in 2025.
President John Mahama, who campaigned on a $10 billion infrastructure plan, has made these projects central to his development agenda. The government hopes that investments in transport, energy, and irrigation will create jobs, boost productivity, and lay the foundation for sustained growth.
