Power sector in Ghana gets huge financial boost
The United States has committed US$497m to boost power sector in Ghana to aid its transformation.
US Ambassador, Robert Porter Jackson, said the power initiative is under the “President Obama’s Power Africa Initiative” intended to boost electrical power supply across Africa.
“We are determined to give strong backing to trade and investment promotion that will create wealth and jobs for the people,” stated Jackson.
Besides boosting Africa’s power supply, President Obama’s Power Africa Initiative programme is also expected to create room for conducive employment environment where businesses will thrive. The initiative will as well provide support to roll back malaria, control the spread of HIV/AIDS infection and improve nutrition.
Africa has been experiencing inadequate and erratic energy flow barring its economic growth. However, the power initiative is expected to radically improve Africa’s energy situation.
Africa’s annual average power consumption per capita is over 500kWh compared to USA which has a total average power consumption of 13,500kWh annually.
Being one of the best solar irradiation continents, Africa is in a unique position of building new infrastructure that is clean and eco-friendly as it has access to abundant solar energy.