GHANA: the World Bank releases $260m to help the energy sector recover

At a time when Ghana’s energy sector is still short of revenue, the World Bank is releasing $260 million in response to the crisis. The programme financed in this way will make it possible to limit state intervention in the energy sector.

How can the financial autonomy of Ghana’s electricity sector be strengthened? The answer is likely to come from the Ghana Energy Sector Recovery Programme (ESRP). The ESRP has the financial backing of the World Bank Group, through its subsidiary, the International Development Association (IDA), which is providing a $250 million loan to the Ghanaian government.

Accra will also receive a $10 million grant under the World Bank’s Results-Based Energy Sector Recovery Program (RBCSP). The 4-year operation “aims to strengthen revenue collection and improve the quality of energy supply through investments in prepayment meters and distribution companies’ commercial and meter management systems”, explains Robert Taliercio, World Bank Country Director for Ghana, Liberia and Sierra Leone.