Ghana receives EUR250 million from the German government

Ghana received EUR250 million from the German government to upgrade and expand the country’s transmission infrastructure, under the Germany’s Compact with Africa programme. This initiative aims to encourage private investment for job creation and foster sustainable growth in Africa. Under the programme, Germany has allocated EUR1 billion to boost the private sector in Compact African countries – Egypt, Morocco, Tunisia, Ethiopia, Rwanda, Benin, Côte d’Ivoire, Ghana, Guinea, Senegal and Togo. Ghana will be the first country in Africa to benefit from the programme. Under this initiative, an MoU has been signed between Germany-based energy engineering firm Siemens and state-owned Ghana Grid Company to collaborate on improving Ghana’s grid capacity, and ensuring that the country expands its ability to export power to neighbouring West African countries.