Former Transport Minister Asenso Boakye has shed light on why successive governments have struggled to implement the Build, Operate, and Transfer (BOT) model for road construction in Ghana.
Speaking in an interview with Kwesi E. Baako on Ikulcha TV, he explained that although the BOT system was introduced to encourage private sector participation in major road projects, practical difficulties have limited its success.
According to Asenso Boakye, the central challenge is the inability of private investors to recover their capital within a reasonable period. He noted that while the BOT framework allows private companies to finance, construct, and operate roads before handing them back to the state, the expected revenue streams often fall short of what is needed to make the investments viable.
He added that factors such as traffic volumes, road user payment willingness, and long recovery periods make many road projects unattractive to private financiers under the BOT arrangement.
Asenso Boakye emphasized the need for innovative financing strategies and stronger government–private sector collaboration to make such models effective in Ghana’s infrastructure development.
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