The World Bank has committed to assisting Ghana in enhancing access to renewable energy, prioritizing the provision of affordable, reliable, low-emission electricity for both businesses and individuals.
Additionally, the Bank has pledged to support efforts aimed at mitigating chronic flooding in the nation, which includes improving infrastructure to bolster flood resilience.
Mr. Wencai Zhang, the Managing Director and Chief Administrative Officer (MDCAO) of the World Bank, made these commitments during a recent visit to various World Bank-supported initiatives in Ghana.
During his tour, Mr. Zhang visited Africa’s largest single solar rooftop project, which was inaugurated in July 2024. Situated in the Tema Free Zone, this 16.82-megawatt facility offers a cleaner and more economical energy solution for enterprises.
He also reviewed drainage systems and extensive flood management infrastructure associated with the Greater Accra Resilient and Integrated Development (GARID) project. This includes enhancements to the lower Odaw channel and Korle Lagoon, aimed at minimizing flood risks, improving solid waste management, and facilitating access to essential services for communities in the Odaw River Basin.
Mr. Zhang concluded his visit at the revitalized Kwame Nkrumah Memorial and Mausoleum Park, a key site completed under the World Bank-funded Ghana Tourism Development Project (GTDP).
In discussions with the management of LMI Holdings, the developers of the solar rooftop initiative, Mr. Zhang reiterated the World Bank’s ongoing dedication to fostering sustainable and resilient infrastructure that yields social and economic advantages.
He expressed optimism that the 16.82MW solar project would significantly reduce energy costs, improve efficiency within the energy sector, and aid in lowering emissions.
Looking forward, we are engaged in new initiatives aimed at bolstering the government’s industrialization efforts and enhancing the development of renewable energy in Ghana. According to Mr. Zhang, these projects will elevate our collaboration to a new dimension.
He further emphasized that our role will extend beyond providing financial support; we will also share international best practices regarding energy sector reforms that facilitate the adoption of renewable sources, such as rooftop solar installations.
Mr. John Abdulai Jinapor, the Minister for Energy and Green Transition, praised the World Bank for its assistance and reiterated the government’s dedication to increasing the integration of solar energy into the national grid.
He urged LMI Holdings to express interest in upcoming projects and to offer competitive pricing as Ghana prepares to introduce a comprehensive solar system for street lighting.
