Ghana’s Project Finance Moment
Building Bankable Infrastructure for Long-Term Growth
Ghana’s infrastructure ambitions are entering a more demanding phase.
As public balance sheets remain under pressure and long-term development needs continue to grow, the question is no longer whether infrastructure matters. It is how Ghana can structure, finance and deliver projects that are bankable, resilient and attractive to both local and international capital.
In the Ghana chapter of the ICLG Project Finance 2026, we contribute to the international conversation on project finance by offering a practical overview of the legal and regulatory framework that shapes major projects in Ghana.
The guide looks at the issues that matter most to investors, lenders, sponsors and project companies, including security structures, enforcement, government approvals, foreign investment restrictions, procurement, insurance, tax, political risk, arbitration and emerging areas such as Islamic finance.
For Ghana, the direction is clear: project finance is becoming increasingly central to the delivery of major infrastructure. Public-private partnerships, blended finance, domestic institutional capital and multilateral support are all becoming more important in helping projects move from ambition to execution.
The chapter also reflects the sectors that now define Ghana’s infrastructure agenda, from energy and transport to ports, logistics, aviation, and trade-linked infrastructure. These are not only development priorities. They are also areas where legal structure, regulatory clarity and risk allocation can determine whether capital is mobilised effectively.
About the Authors
NanaAma Botchway , Founder and Managing Partner of N. Dowuona & Company, is recognised by leading international legal directories including The Legal 500, Chambers and Partners and IFLR. She has advised on significant financings, investments and infrastructure projects in Ghana and across Africa, including PPPs, transport infrastructure, energy assets and major real estate developments.
Akosua Achiaa Akobour Debrah Partner, was named among The 15 Rising Stars Shaping African M&A in 2026 by Law.com and continues to be recognised for her work in banking, finance, M&A and infrastructure projects. Her experience includes significant cross-border financing transactions and major infrastructure projects in Ghana.
This contribution is part of our commitment to staying close to the legal, commercial, and policy shifts affecting our clients.
Project finance involves more than just raising capital; it also encompasses constructing a legal framework that aligns capital, public policy, and long-term development with discipline.
Read the Ghana chapter in ICLG Project Finance 2026 for a practical overview of the legal considerations shaping project finance in Ghana.
