Government Secures $70m For Off-Grid Solar Electrification

Electricity is important for lighting homes, factories, hospitals, schools and other areas of importance for human life.

The African Development Bank (AfDB) has signed a $69.88 million financing agreement with the government of Ghana. The funds are earmarked for the implementation of a rural electrification project via stand-alone solar systems.

The financing agreement was signed between Ghana’s Finance Minister, Ken Ofori-Atta and Akinwumi Akin Adesina, the President of the African Development Bank (AfDB) Group. This was on the sidelines of the Annual Meetings of the pan-African bank which ends this Friday, May 27, 2022 in Accra, Ghana. The AfDB has agreed to lend US$ 69.88 million to the Ghanaian government.