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Ghana Priorities: Rural Transportation

The economic growth literature suggests that the volume of infrastructure stock as well as its quality positively and impacts economic growth by, among others, decreasing the cost of production and transportation of goods and services, improving the productivity of input factors, and creating indirect positive externalities.

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Ghana Priorities: Rural Transportation

  1. 1. EminentPanelConference,Accra,August7th -9th,2020 PRELIMINARY FINDINGS: Rural Transport in Ghana Michael Graham, Head of Development Finance Programmes at the University of Stellenbosch Business School, Cape Town
  2. 2. Infrastructure and Economic Growth The current state of road infrastructure  Total network of 78,402 km with only 49% either maintained or rehabilitated. Poverty levels and state of road infrastructure 0 10 20 30 40 50 60 70 80 90 100 Upper East Upper West Northern Brong Ahafo Ashanti Volta Eastern Greater Accra Central Western Percentage Region % Living below Poverty Line (1999) % of roads in poor condition
  3. 3. Infrastructure and Economic Growth contd. The current state of rail tracks  Total track network length is 1300km, with the rail industry operating a route length of 947km.  60% of the rail network is not used on a regular basis due to infrastructure decay.  Limits the country’s potential in harnessing its resources.  International competitiveness and market access  Stimulate industrial and labour productivity growth rates,
  4. 4. Intervention 1 Development of Rural Roads
  5. 5. Rural Roads: Overview Construction of 1888km of roads  Link several identified high agricultural production areas to the nearest commercial centers  Link several tourism areas to the nearest commercial centers
  6. 6. The expected net present values of the cost of the project is GHS5.3 billion at 8 percent discount rate. Costs across the project life 0 200 400 600 800 1000 1200 1400 1600 1800 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048 Costs (GHS, million) Year Contruction Cost (with overrun) (GHS, millions) Routine O&M Cost (GHS, millions) Periodic O&M Cost (GHS, millions)
  7. 7. The expected total net present value of the benefit for the road intervention is estimated to be GHS6.5 billion at 8% discount rate. Benefits(GHS,Millions) Costs(GHS,Millions) BCR WithoutCostOverruns 5% 10,237 6,220 1.65 8% 6,494 4,650 1.40 14% 3,092 2,990 1.03 WithCostOverruns 5% 10,237 6,973 1.47 8% 6,494 5,297 1.23 14% 3,092 3,481 0.89 0 1E+10 2E+10 Carbon emission savings Generalised cost savings Travel cost savings PHL savings Road Benefits
  8. 8. Intervention 2 Rehabilitation and expansion of Railway tracks in Ghana
  9. 9. Rail: Overview  The rail intervention project  Rehabilitation of 668 km of existing narrow gauge tacks by converting them into single-tracks standard gauge  The expansion of rail networks to the northern region of Ghana by constructing new standard gauge tracks with a total length of 3340km.
  10. 10. Cost The expected total net present value of the cost for the rail intervention is estimated to be GHS 72.9 million per kilometer
  11. 11. Benefits  The estimated NPV of benefits is GHS109 million/km, comprising;  Time savings  Pax GHS/km 575  Freight GHS/km 19,500  Avoided VOC  Pax GHS/km 38,000  Freight GHS/km 3.9 million  Accident Savings  1,394 lives saved amounting to GHS/km 118,000  PHL savings  Estimated savings of PHL at base year GHS/km 20160  Residual Value  Pax GHS 5 million  Freight 4 million Times savings for passengers and freight
  12. 12. Total Benefits and Cost-Benefit Ratio Discount rate Benefits per km (GHS, Millions) Costs per km (GHS, Millions) BCR 5% 175 76 2.3 8% 109 72 1.5 14% 52 69 0.8 Summary of Benefits and Costs for Rail Intervention
  13. 13. SUMMARY BCR TABLE INTERVENTION BENEFITS (GHS M) COSTS (GHS M) BCR Development of Rural Roads 6.5 billion 5.3 billion 1.2 Rehabilitation and expansion of Railway tracks in Ghana 109 72 1.5

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