- EU funds Ghana electricity sector
- The facility is €9.7 million
The European Union through the French Development Agency (FDA) has given the Ghanaian government a financial grant of €9.7 million. The Agreement was signed in Accra by FDA Country Director, Christophe Cottet and GRIDCo Chief Executive, Jonathan Amoako-Baah.
The Ambassador of France to Ghana, Mrs. Anne Sophie Avé, while speaking at the signing ceremony said, “this new project supported by EU and France will allow GRIDCo to complement one of the largest development investments of France in Ghana to enhance and upgrade electricity transport”.
The finance facility will be utilised in the upgrade of an 18km long 161kV transmission line located between Ahodwo and Anwomaso substation in Kumasi. It will further support the transfer of power from Ghana to Burkina-Faso as well as aid in the reduction of technical losses in the sector.
Speaking at the event, the CEO GRIDCo, Jonathan Amoako-Baah said, “this financial support from the EU represents a significant investment in our quest to remain the leading power transmitter in the sub-region. Our long-standing relationship with the EU, through AFD, continues to prove instrumental in the delivery of quality access to electricity in West Africa, in line with Goal 7 of the Sustainable Development Goals (SDGs).”