The Ghana Energy Sector Transformation Initiative Project has received US $20m 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 deficit closing
“Electricity consumers will also benefit from enhanced sector governance and improved energy services and access,” Kerali added.
The project is in line with the priorities of the government’s Coordinated Programme of Economic and Social Development Policies. According to the World Bank, sub-Saharan Africa’s electricity deficit has begun to close for the first time.
“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.