Ghana Secures $250 Million from World Bank to Revitalise Energy Sector

• Parliament approves $250 million financing agreement with World Bank to tackle Ghana’s energy challenges
• Funds will support infrastructure upgrades, energy efficiency, and renewable energy initiatives

Accra, Ghana – Ghana’s Parliament has approved a $250 million financing agreement with the International Development Association (IDA) of the World Bank Group to help overhaul the country’s energy sector. The funding, approved on Wednesday, is designated for the Ghana Energy Recovery Programme, which seeks to tackle critical issues including power shortages, financial instability, and aging infrastructure.