Ghana gets €250 million from Germany to modernize national electricity grid system

Ghana gets €250 million from Germany to modernize national electricity grid system

Government has signed a €250 million deal with the federal government of Germany to upgrade and expand the country's electricity transmission infrastructure.

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The Memorandum of Understanding was signed at the Jubilee House in Accra on Tuesday, January 14, 2020 by CEO of the Ghana Grid Company (GRIDCo) and Sabine Dall'Omo, a representative of Siemens in the presence of President Akufo-Addo and the Chief Executive Officer of Siemens AG, Mr. Joe Kaeser.

The agreement is expected to provide funds to the government of Ghana to improve the electricity grid capacity and stability.

READ ALSO: 6 Akufo-Addo projects he believes will win him election 2020

The money from the German government will also ensure Ghana expands her ability to export power to neighbouring countries in like Burkina Faso, Togo and Benin

President Nana Akufo-Addo said the €250 million will serve as an impetus for the development of the country’s energy sector.

…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.

Ghana is the first country in Africa to benefit from a significant transaction from the ‘Compact with Africa' programme.

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We welcome that expression of confidence, and we want to assure you that it is not one that we will abuse. We, on our part, are determined to work in transparency and openness with you, to make sure that this project comes to a proper conclusion,” he added.

On his part, Mr. Joe Kaeser, President and Chief Executive Officer of Siemens AG, stressed that “the MOU will, together with our partner GRIDCO, modernize the whole grid of Ghana in steps, one at a time, and also organize the grids and bring the power to the people in a more efficient way. It will also help young people and train them and educate them for the future.”

READ ALSO: 2020 census to be postponed to a later date - Deputy government statistician

He added that the Compact with Africa initiative is about the future of Africa. earlier reported that the National Teaching Council (NTC) says 78.2 % of candidates who sat for the third Ghana Teacher Licensure Examination (GTLE) passed.

A statement released by the NTC indicated that of the 34,724 candidates who sat for the examination, 27,171 passed, while the remaining 7,553 representing 21.8% failed.

The NTC’s statement further explained that six candidates also had their results cancelled over impersonation issues.

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