HomeIndustry SectorsBusiness and marketsGhana energy sector receives a $20m boost

Ghana energy sector receives a $20m boost

The Ghana Energy Sector Transformation Initiative Project has received $20 million from the World Bank to strengthen the capacity of the energy sector, implement sector reforms, and improve energy sector planning and coordination.

“The project supports the government’s plan through a comprehensive package of regulatory, policy, and operational measures and platforms for stakeholder engagement to help the government address near-term challenges and lay the ground work for Ghana’s energy sector transformation,” said Henry Kerali, World Bank country director for Ghana.

“Electricity consumers will also benefit from enhanced sector governance and improved energy services and access,” Kerali added.

The project is aligned with the priorities of the government’s Coordinated Programme of Economic and Social Development Policies.

Electricity deficit closing

According to the World Bank, sub-Saharan Africa’s electricity deficit has begun to close for the first time. Read more: Ghana Civil Aviation Authority seeks uninterrupted power supply

“We have made great strides in bringing electricity to the millions of people who need it most, under challenging conditions. But there is no time to rest. A billion people still don’t have electricity today. We are committed to helping countries scale up successful approaches to rapidly extend electricity services to all of their citizens,” said Riccardo Puliti, senior director and head of the energy and extractives global practice at the World Bank.

Babalwa Bungane
Babalwa Bungane is the content producer for ESI Africa - Clarion Events Africa. Babalwa has been writing for the publication for over five years. She also contributes to sister publications; Smart Energy International and Power Engineering International. Babalwa is a social media enthusiast.