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The Government of Ghana has signed an agreement with the African Development Bank (AfDB) and the Switzerland government to support the development of mini-grid and solar PV net metering projects in Ghana. The rural electrification project will benefit schools, healthcare facilities, and communities across the country via stand-alone solar-powered systems.
Under the agreement, AfDB will provide US$ 69.88 million to Ghana, which will be financed by Switzerland. The financing facility is granted within the framework of the World Bank’s Scaling-up Renewable Energy Programme (SREP) which aims to accelerate electricity access in developing countries.
The AfDB funding will help the Ghanaian government to implement the SREP through two major parts. The first is the installation of 38 solar-powered mini-grids to provide electricity to public service structures and rural communities. The other part of the program aims to install 12,000 rooftop solar PV modules for businesses and households.
The financing agreement was signed by the Ghanian Minister of Finance, Ken Ofori-Atta, AfDB Governor for Switzerland, Ambassador Dominique Paravicini, Ghanaian Minister for Energy, Matthew O. Prempeh, and the President of the AfDB Group, Akinwumi A. Adesina. The agreement was signed on the sidelines of the Annual Meetings of the AfDB.
Minister Ofori-Atta said the agreement demonstrated Ghana’s commitment to enhancing the economic and social viability of green investments and achieving energy efficiency. It has marked an important milestone for providing climate-conscious and sustainable development across the country.
Ambassador Paravicini said that Switzerland has reached another milestone in its cooperation with Ghana. Both the countries will support the project to bring sustainable and affordable electricity to over 6,000 SMEs, 5,000 households, and 1,100 public buildings.
Adesina said AfDB supports the Ghanian Government’s efforts in building resilience to the socio-economic impacts of the COVID-19 pandemic by providing electricity to health centers, schools, and island communities. The projects will help in enabling the refrigeration of vaccines and testing facilities in these communities.
Ghana is among the top countries in sub-Saharan Africa in terms of accelerating electrification across the country. Over 87% population of the country has access to electricity. Ghana is focusing on stand-alone solar systems to accelerate rural electrification and achieve universal access to electricity.