GHANA – The African Development Bank (AfDB) has signed a US$69.88 million financing agreement with the government of Ghana for the implementation of a rural electrification project via stand-alone solar systems.
This was on the sidelines of the Annual Meetings of the pan-African bank which ends this Friday, May 27, 2022 in Accra, Ghana.
Ghana is among the most advanced countries in sub-Saharan Africa in terms of electrification, with a rate of 84% according to Power Africa. But Accra wants to accelerate the trend in rural areas by focusing on stand-alone solar systems.
The project consists of the design, engineering, supply, construction, installation, testing, and commissioning of mini-grid systems, stand-alone home systems located in island communities, and net metering with solar photovoltaic (PV) systems in the distribution network of the distribution utilities in the country.
The first is the installation of 38 solar-powered mini-grids to provide electricity to public service structures, including 2,000 SMEs (small and medium enterprises), 1,350 schools, 500 health centers, and 400 rural communities.
The other part of the program aims to install 12,000 rooftop solar systems for businesses and households. The aim is to reduce debts and electricity bills.
When fully implemented, the project is expected to contribute to the achievement of universal access to electricity by 2030 and unlock financing opportunities to achieve the accelerated and sustainable development of the country’s renewable energy sector.