The World Bank has approved two International Development Association (IDA) credits of $60 million for the Ghana Energy Sector Transformation Initiative Project and the Ghana Tourism Development Project.
Specifically, the Ghana Energy Sector Transformation Initiative Project received $20 million to strengthen the capacity of the energy sector, implement sector reforms, and improve energy sector planning and coordination in Ghana.
“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 consumers will also benefit from enhanced sector governance and improved energy services and access.”
The project is aligned with the priorities of the government’s Coordinated Program of Economic and Social Development Policies.