Engineers Seek GHS 130 Billion Infrastructure Funding

Ghana Consulting Engineers Association president calls for finance sector partnership to close major funding gap.

Accra, Ghana – Engineers in Ghana are demanding stronger partnerships with the finance sector. They need help closing a massive gap in funding for critical infrastructure projects. Ing. Kwabena Bempong, president of the Ghana Consulting Engineers Association, made this plea. He spoke ahead of the FIDIC Africa Infrastructure Conference 2026. Delivering sustainable financing is key to national development, he said. Africa faces a huge infrastructure funding challenge. The African Development Bank estimates annual needs between $130 billion and $170 billion. This means a shortfall of $68 billion to $108 billion each year. This lack of money slows economic growth. It also limits job creation. Essential services like power, water, and transport suffer. Engineers design these vital structures. They require not just technical skill but also smart funding. Stronger links with financial institutions are essential. The FIDIC Africa Infrastructure Conference 2026 will be held in Accra. It runs from May 10 to May 13. This event will gather policymakers, financiers, and engineers. The theme is "Future Ready Infrastructure: Advancing Africa through Innovation and Sustainability." Discussions will focus on creating resilient systems. They will also promote sustainable engineering and innovation. A major goal is to connect engineers with banks. This helps develop projects that investors want. It also creates scalable investment models. Ing. Bempong highlighted the need to move beyond old funding methods. New frameworks are needed to attract private money. These must ensure long-term value from infrastructure. He believes better collaboration will succeed. It will help bridge the infrastructure gap. It will also position Ghana and Africa for the future. Modern, resilient infrastructure will be built. This supports the continent's advancement. Ghana's infrastructure deficit directly impacts its economy. It affects everything from trade to daily life. Bridging this gap requires billions of dollars. The country's ability to attract investment is crucial. This conference offers a platform for action. It aims to forge connections. These connections will unlock necessary funds. The outcome could shape Ghana's development trajectory. Spectators will watch for concrete financial commitments. Decisions made here could influence job growth. They could also improve access to vital services.

Engineers Seek GHS 130 Billion Infrastructure Funding

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