French Development Agency (AFD) has commended authorities in Ghana’s power sector for reforms and improvement in power generation systems and infrastructure.
According to the Agency, recent investment in the sector makes it possible for the country to address its electricity challenges while contributing to the West African Power pool initiative through export of electricity to neighboring countries.
The AFD Country Director, Dr Christophe Cottet, in an interview with GBC News said electricity is vital to the development of the country hence AFD’s commitment to supporting investment in the sector.
AFD was instrumental in the provision of funds for the retrofitting of the Kpong Generation Station which was inaugurated by President Akufo-Addo recently.
Ghana’s power sector has seen some improvement in generation, transmission and distribution over the last few years. The intermittent power cuts are no longer a serious issue for the country.
Ghana now exports electricity to Togo, Benin and Burkina Faso on a daily basis.
All these are as a result of investment in infrastructure leading to increased generation capacity.
AFD supported the Kpong Generation Station retrofit project with €50 million concessional sovereign loan which will be paid back by Ghana in 20 years. European Investment Bank also came in with an additional funding of €12 million.
Story filed by Dominic Hlordzi.