GHANA: the CIF grants $28m for electrification via solar mini-grids

The funding mobilised will enable the distribution of environmentally-friendly stoves, renewable energies, low-carbon hydrogen and electric mobility. According to estimates by the Ghanaian government, these sectors should account for 90% of the targeted reduction in emissions between now and 2060. Over the same period, at least 400,000 jobs could be created in sectors linked to the energy transition.


On the other hand, if this plan is not implemented, “in a business-as-usual scenario, Ghana’s emissions are expected to rise from 28 million tonnes of CO2 equivalent in 2021 to more than 140 million tonnes in 2050, with most of the growth in emissions coming from transport, driven by population growth, the increase in gross domestic product (GDP) per capita and vehicle ownership”, warns the SE4All organisation, which is working to implement the 7th Sustainable Development Goal (SDG), which aims to achieve universal access to renewable energy by 2030. The road to energy transition has therefore been mapped out in Ghana. It is now up to the financial partners and professionals in the energy sector to do the rest…