The Government of Ghana, on Tuesday, 14th January, 2020, received, as part of Germany’s Compact with Africa programme, €250 million from the Government of the Federal Republic of Germany to upgrade and expand the country’s electricity transmission infrastructure.
A Memorandum of Understanding, to this effect, was signed at Jubilee House, by Mr. Jonathan Amoako-Baah, CEO of the Ghana Grid Company (GRIDCo), on behalf of the Government of Ghana, and by Sabine Dall’Omo, a representative of Siemens, in the presence of the President of the Republic, and the President and Chief Executive Officer of Siemens AG, Mr. Joe Kaeser.
The signing of the MoU has seen Ghana receive a quarter of the €1 billion fund put in place by the German Government to boost the private sector in Compact countries, of which Ghana is one.
Under the agreement, the two companies will work not only to improve Ghana’s electricity grid capacity and stability, but also help ensure that the country expands her ability to export power to neighbouring countries in West Africa, such as Burkina Faso, Togo and Benin.
Witnessing the event, the President of the Republic, Nana Addo Dankwa Akufo-Addo, described the signing ceremony as a very important development in the energy sector of the country, adding that “the people from GRIDCO know, as well as I do, how necessary it is to undertake this project – the retooling, and refitting of our transmission and grid system across the country”.
The importance of the project, he underscored, stems from the “kind of future that we want to design for ourselves as a rapidly industrialising economy, that is going to be focused on important infrastructural developments, as well as big resource developments in our bauxite, manganese, and iron ore industries. All of this is going to have to be focused very much on reliable accessibility to power and