By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Starr FmStarr FmStarr Fm
  • Home
  • Election Hub
  • General
    GeneralShow More
    “Omane Boamah hated helicopters; it was his first time” – Muntaka
    August 11, 2025
    E/R: Poor visibility forces another helicopter to make emergency landing in Nkawkaw
    August 11, 2025
    Helicopter crash: Gov’t calls for public tributes for victims ahead of State funeral
    August 11, 2025
    E/R: 22-year-old man remanded for robbing, raping nurse in Koforidua
    August 11, 2025
    Helicopter crash: Allow bereaved families space to mourn – Psychologist
    August 11, 2025
  • Business
    BusinessShow More
    Ometsey to feature at the Africa Fashion Week London 2025
    August 9, 2025
    Finance Ministry seeks public input for 2026–2029 national budget
    August 8, 2025
    Hollard Ghana’s Wahab Adams Wins Unsung Hero Award at 2025 Insurance Awards
    August 8, 2025
    ‘You have 30 days to justify higher fees or risk licence suspension’ – NCA to DStv
    August 7, 2025
    Sammi Awuku warns of looming national crisis as NIA-GRA Feud escalates
    August 6, 2025
  • Politics
    PoliticsShow More
    Sam George delivers family tribute to late Defence Minister Omane Boamah at memorial service
    Helicopter crash: Sam George shares emotional family tribute to Omane Boamah
    August 9, 2025
    Vice President calls for unity and sobriety in honour of helicopter crash victims
    August 9, 2025
    I’m deeply saddened- Awentami Paul Afoko mourns victims of helicopter crash
    August 9, 2025
    Finance Ministry seeks public input for 2026–2029 national budget
    August 8, 2025
    Helicopter crash: ‘This isn’t time for division, political-point scoring’ – Mahama
    August 8, 2025
  • Entertainment
    EntertainmentShow More
    “Our vacations are too short” – Children spark conversation on popular show
    August 6, 2025
    Daddy Lumba’s family sets Aug 30 for one-week observance in Accra
    August 6, 2025
    EOCO seizes Shatta Wale’s Lamborghini over links to US fraud case
    August 5, 2025
    WATCH: 10-year-old girls present and debate presidential manifestos
    July 31, 2025
    GHAT Fair 2025 kicks off to boost investment, innovation in transport
    July 28, 2025
  • Sports
    SportsShow More
    Ghana Cricket Association swings into action
    August 9, 2025
    Accra Sports Stadium to host GHALCA Top 4 Tournament – Chairman confirms
    August 7, 2025
    Black Queens slip to 67th in latest FIFA rankings despite WAFCON bronze
    August 7, 2025
    Ghana wins 5 golds, 1 silver at All-African U-15 Badminton Championships
    August 6, 2025
    Thierry Henry announced as a Betway Global Ambassador
    August 5, 2025
  • Technology
    TechnologyShow More
    Chowdeck announces exclusive partnership with Oseikrom Aduanipa, elevating food delivery in Ghana
    August 7, 2025
    Sam Georges directs NCA to Revoke DSTV licence by Aug 7 over high subscription Fees
    Suspend DSTV licence by Aug 7 over high subscription fees – Sam George to NCA
    August 1, 2025
    Don’t Get Left Behind: Lord Ibrahim Sani Urges Entrepreneurs to Catch Up with AI
    July 31, 2025
    Why cloud technology is a game-changer for Ghana’s small businesses
    July 31, 2025
    Fantana praises launch of the Ghana’s Online Continuous Emission Monitoring System
    July 29, 2025
  • International
    InternationalShow More
    Osei Boateng, Founder & Executive Director, OKB Hope Foundation, announced
    August 6, 2025
    Education Minister Haruna Iddrisu signs MoUs with GEICO and CMS Group for new public universities
    Education Minister signs MoUs with GEICO, CMS Group to establish two public universities
    July 15, 2025
    Presidency terminates Zoomlion’s contract over concerns of impropriety and inflated billing
    Mahama pushes AU–CARICOM partnership to strengthen global reparations push
    July 14, 2025
    47th AU Forum: Ablakwa criticizes $1.2m AfCFTA allocation as ‘highly insufficient’
    July 10, 2025
    Minority demands audit over $1.2m passport relaunch cost and delays
    July 9, 2025
  • Factometer
Search
© 2024 EIB Network Ltd. All Rights Reserved.
Reading: World Bank gives $200m to Ghana, others to boost power supply
Share
Notification Show More
Font ResizerAa
Starr FmStarr Fm
Font ResizerAa
  • Headlines
  • Election Hub
  • General
  • Politics
  • Sports
  • Business
  • Entertainment
  • Factometer
Search
  • Headlines
  • Election Hub
  • General
  • Politics
  • Sports
  • Business
  • Entertainment
  • Factometer
Have an existing account? Sign In
Follow US
© 2024 EIB Network Ltd. All Rights Reserved.
BusinessHeadlines

World Bank gives $200m to Ghana, others to boost power supply

Starrfm.com.gh By Starrfm.com.gh Published April 24, 2019
Share
SHARE

The Board of the World Bank Group has approved the Regional Off-Grid Electrification Project (ROGEP) for Ghana and 18 other countries to increase electricity access of households.

The project includes $150 million in the form of credit and grant from the International Development Association (IDA) and $74.7 million contingent recovery grant from the Clean Technology Fund to help the West African Development Bank and ECOWAS’ Center for Renewable Energy and Energy Efficiency expand  off-grid access to electricity for populations in 19 countries in West Africa and the Sahel region.

The countries include Benin, Burkina Faso, Cabo Verde, Cameroon, Central African Republic, Chad, Cote d’Ivoire, The Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Mauritania, Niger, Nigeria, Senegal, Sierra Leone and Togo.

The overall objective of ROGEP is to increase electricity access of households, businesses, and public institutions using modern stand-alone solar systems through a harmonized regional approach. The project is expected to benefit about 1.7 million people currently living without electricity connection or with unreliable supply, as well as businesses and public institutions who will use modern stand-alone solar systems to improve their living standards and economic activities.

“So far, only 3 percent of households in West Africa and the Sahel are served by stand-alone solar home systems, and 208 million people in the sub-region do not have access to electricity. The project seeks to assist regional policy makers to address barriers to create a regional market for stand-alone solar systems, which is essential to reduce energy poverty in the region, and entrepreneurs to take opportunities in this market through development of scalable business solutions,” said Rachid Benmessaoud, Coordinating Director for Regional Integration in West Africa.

“The new project will help adopt regional standards and regulations to establish a regional market with harmonized policies that will attract larger market players for the benefit of all participating countries.”

Although stand-alone solar systems have a large market potential in West Africa and the Sahel, investments in off-grid renewable energy have lagged behind in the sub-region. The new project maximizes finance for development by crowding in private investments to deploy innovative technologies.  By developing a regional market, it will help better address the important growth in demand for reliable electricity and will help create jobs.

The new project is aligned with the World Bank Group’s twin goals of poverty reduction and shared prosperity and the Africa Climate Business Plan. Furthermore, it will implement a pilot to test business models to electrify schools and health clinics critical for the Human Capital Project in West Africa.

Source: Ghana/Starrfm.com.gh/103.5FM

 

You Might Also Like

“Omane Boamah hated helicopters; it was his first time” – Muntaka

E/R: Poor visibility forces another helicopter to make emergency landing in Nkawkaw

Helicopter crash: Gov’t calls for public tributes for victims ahead of State funeral

E/R: 22-year-old man remanded for robbing, raping nurse in Koforidua

Helicopter crash: Allow bereaved families space to mourn – Psychologist

TAGGED:electricityworld bank
Share This Article
Facebook Twitter Email Print
Share
Previous Article Gold worth billions smuggled out of Africa
Next Article Give us our missing girls, not media reports – Families to Police

Starr 103.5FM

Starr FmStarr Fm
Follow US
© 2024 EIB Network Ltd. All Rights Reserved.
newsletter icon
Join Us!

Subscribe to our newsletter and never miss our latest in news, podcasts etc..

[mc4wp_form]
Zero spam, Unsubscribe at any time.
adbanner
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Lost your password?