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INFRASTRUCTURE: A Catalyst to Economic Development

Michael Aidoo GIPC Speech 14 September 2010 Page 1

1. The role of the private sector in the development of infrastructure

A. Assisting in de signing, strat e gy an d pol icy planning .B. Prov ision of v igilant p rope r manag eme nt .C. Impleme nt sti mulu s an d e nc ou rag eme nt to invest in Inf rastr uct ure

developme nt .D. Instit u te p rope r supe rvision, impleme ntati on, an d p rov ide adequ at e

veh icle to sele ct Key inf rastr uct ure.E. To e stab lish impe rati ve developme nt inf rastr uct ures fo r Ghana an d

Af rica as a whole.

F. Privat e sect o r in Ghana an d Af rica as a whole can be imp rovedmain ly if succe ssive gove rn me nts practic e wh at the y preac h ab ou t privat e invest me nts an d busin ess .

G. As privat e busin ess me n an d wome n mo st of ou r success es ar e bas edon pol icie s laid ou t by the Gove rn me nts . (Use the road sect o r as an example.)

2. Concrete plans put in place to improve the sector .

A. I bel ieve that ass ociati ons w ithin the individu a l sect o rs mu st beempowe red to tak e some of the de cisions conc e rning the ir indu stry sect o rs .

B. For instanc e:- the boar d of d irect o rs of ECG mu st have mo re p rivat emem be rs f rom the p rivat e sect or than the gove rn me nt instit u tions .

C. Rep resentati ves f rom gove rn me nt instit utions may f ind it d iff icult toconstr ucti vely arg ue str ong ly, if the re is one mo st senio r off icia l f romthe gove rn me nt sect o r on the boar d:- G ive ex ample

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INFRASTRUCTURE: A Catalyst to Economic Development

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3. P rivate sectors position on P ublic P rivate P artnerships

A. The p artn e rs hip is ve ry impo rtant an d mu st be e nc ou rag ed bu t I bel ieve

prope r contract ua l agr eeme nts should be reac hed be twee n the two.B. I a lso bel ieve that loca l success ful busin e ss me n mu st be e nc ou rag ed to

tak e p art of such p artn e rs h ip a longsi de the ir fo re ign privat e pl aye rs .C. In such p artn e rs h ip the p rivat e sect or mu st have equ a l say o r mo re say to

enab le them imp act the expe rienc e an d kn owled ge the y have.D. Wh ile I app reciat e p rofe ssiona l edu cati on, qu a lif icati on an d de gree s.E. I a lso bel ieve that p ractica l expe rtis e is mo re impo rtant in some ar eas .

(expl ain practica l expe rtis e/qu a lif icati on)

F. Said p artn e rs h ips sha ll have acc ess to necessary expe rts f rom cou ntri es with well pl ann ed an d developed inf rastr uct ure s.

Areas where investors are expected to participate:

a ) I bel ieve a ll ar eas mu st be ope n to the pu b lic fo r invest me nt by the p rivat esect o r.

b) Even in the lo ng te rm pl anning, civil se rvice sect o r mu st be ope n to theprivat e sect o r fo r cons ultati on an d pol icy planning .

c) The reas on is that, the p rivat e sect o r a ll ove r the wo rld doe s be tt e r than e ithe r the pu b lic o r gove rn me nt partici pati on .

d) I can give so m any exa mple s but I reckon that the m ajority of the peoplehe re , would agr ee w ith me.

Comments on the conditions and modalities for the P.P.P. :

a ) If mod a lities ar e to be consi de red , the n I suggest the fo rmati on of comm itt ee s o r ag encies.

b) Inc lud ing bo th , mem be rs f rom the p rivat e sect o r an d the o the r side.c) Both o r the p arti es be fo rmed to se t ou t conditions an d mod a litie s fo r such

Pub lic Privat e P artn e rs h ip.

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INFRASTRUCTURE: A Catalyst to Economic Development

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4. Challenges and experience with PPP

A. The cha lleng es start f rom the 1 st day of fo rm ing the p artn e rs h ip ti llcomple tion of the o bjecti ves.

B. An eff icient tea m is impo rtant wh ich me ans that the righ t pe rs on becho sen .

C. The compo siti on of the p artn e rs hip should be well qu a lif ied an d no t pol itica l a ppo int ee s with no rea l expe rtis e in the indu stry .

D. If it is cho se n on ly on pol itica l party line s, the n the tende ncy is to cho se a pe rs on withou t expe rie nc e o r ve ry litt le expe rie nc e , the risk is ve ry h igh.

E. That whe n gove rn me nts chang es, its pol itica l a ppo int ee s would a lsochang e , making the risk mo re rea l.

5. The possible way forward

A. Bridge the ga p be twee n the pu b lic an d the p rivat e sect or.B. Involve the p rivat e sect or in the de cision m aking .C. Have conf ide nc e in the p rivat e sect o r.

D. Make an d impleme nt rule s that will pro tect the p rivat e sect o r.

E. Fina lly make sure laws in the cou ntry ar e e nfo rced.(Give ex ample s)

Thank You.