According to the World Bank’s Private Participation in Infrastructure (PPI) 2023 Annual Report, Ghana ranked 8th in Africa for private infrastructure investment, amassing a total of $137 million.
The report underscores that Ghana embarked on a singular infrastructure project in this timeframe.
It reveals that private infrastructure investment in low and middle-income nations amounted to $86 billion in 2023, marking a 5 percent reduction from the year prior.
However, the decline did not prevent a wider spread of investments, as a greater number of countries benefited from them, reflecting a more diverse allocation among various initiatives.
In the sub-Saharan sector, South Africa stood out as the top investor, contributing over $1 billion, which represents 30 percent of the region’s PPI.
Senegal followed as the runner-up with an investment of $316 million across five projects, while Tanzania claimed the third spot with $308 million, also distributed over five projects.
Significant milestones were achieved by Guinea Bissau and Libya, both of which engaged in infrastructure deals for the first time in over ten years.
On a global scale, the energy sector saw its investment levels triple in 2023.
Rounding out the African index, La Cote d’Ivoire secured the 10th position with an investment tally of $84 million in infrastructure.