- AfDB signs a financing agreement with the government of Ghana.
- The funds will be utilised for rural electrification projects.
The African Development Bank (AfDB) has issued a $69.88 million financing agreement with the authorities of Ghana. The funds are designated for the implementation of a rural electrification project via stand-alone solar systems.
The financing agreement was signed between Ghana’s Finance Minister, Ken Ofori-Atta and Akinwumi Akin Adesina, the President of the African Development Bank (AfDB) Group. This was on the sidelines of the Annual Meetings of the pan-African bank which ended over the weekend in Accra, Ghana.
The financing is granted within the framework of the Scaling-up Renewable Energy Programme (SREP) which aims at accelerating access to electricity.