This work sets out to examine PPP projects within the context and provisions of the Ghana National PPP Policy document that provides exhaustive guidelines on how to engage in PPP arrangements in the country. This document outlines certain principles as key to successful PPP arrangements including value-for-money analysis, appropriate allocation of risk, affordability, local content and technology transfer, accountability, transparency and competitiveness. It concludes that with proper framing, appropriate expertise and the right legislation, PPP projects have the potential to build the capacities of local assemblies, support their infrastructural developmental quest, reduce bureaucratic bottlenecks, create employment and generate revenue. It further concludes that the absence of an appropriate legal frame for the conduct of PPP arrangements, coupled with politicization and poor land administration often leave the process to much discretion and abuse. These deficiencies defeat the purpose of PPP as a valuable developmental strategy for moving forward.