The minister for Finance Seth Terkper has disclosed that the Ghana Investment Infrastructure Fund (GIIF) will be fully operational in 2015.
GIIF, instituted to deal with the huge infrastructure deficit as well as focus on strategic projects that are expected to lead to job creation, was recently approved by parliament.
The minister disclosed this Wednesday when he presented the 2015 Budget Statement and Economic policy on the floor of Parliament.
According to him, his outfit had been waiting for parliament’s approval to get things operational.
GIIF, which would be overseen by quasi-fiscal bodies that would be chaired by the Minister of Finance himself will pursue its own ratings on the domestic, international financial and capital markets.
It would focus on strategic infrastructure development in partnership with the private sector – both local and international – to support both the public and private sector infrastructure projects.
The potential sources of funds would include appropriations by Parliament.