The World Bank has approved 95.5 million dollars to finance a project to increase electricity access, supply and reliability in Ghana.
According to the Board of Executive Directors of the Bank and the Global Environment Facility, the project is aimed at assisting the Energy Development and Access Project to support long-term efforts to improve the performance of power companies.
It would also help to increase energy efficiency, scale-up energy access to reduce urban-rural imbalance and enhancing renewable energy generation capacity.
According the World Bank rolling blackouts and inaccessibility in Ghana continued to impede economic growth and noted that there was an urgent need for a long-term visionary approach to sector management.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
Latest Stories
-
Ken Ashigbey, Joyce Aryee and others grace MTN’s Festival of 9 Lessons and Carols
3 hours -
Obuasi Cricket Academy celebrates excellence at end-of-year awards night
4 hours -
WASSCE: Scanning of objective answer sheets to start tonight – WAEC
4 hours -
Education Minister hasn’t prioritised WAEC – Nortsu-Kotoe
4 hours -
Bawumia meets Manifesto Committee members to express appreciation
4 hours -
To chocolate, Ghana’s pride by Bioko
5 hours -
Chartered Institute of Bankers, Ghana, confers Honorary Fellow status on Victor Yaw Asante
5 hours -
BoG marks end of year with Thanksgiving Service
6 hours -
Ghana’s Next Sports Minister: The Debate Begins
6 hours -
Election 2024: NPP advised to be mindful of the reasons being ascribed to their election lost
6 hours -
GNFS urges Ghanaians to prevent fires during yuletide
6 hours -
Report tobacco users who smoke publicly – FDA advises
7 hours -
Abdallah Ali-Nakyea elevated to Associate Professor at UG School of Law
7 hours -
Kick2build commissions 5 libraries in Klo Agogo, donates school supplies
7 hours -
Slim and Fit Ghana donates to kids at Motherly Love Orphanage in Kwabenya
7 hours