Germany and Ghana reached a preliminary agreement to upgrade the nation’s electricity grid using 250 million euros of financing from Germany.
In order to improve the country’s ability to supply other West African nations which includes, Burkina Faso, Togo and Benin, Siemens and Ghana Grid Co. plan on using the funding., the Ghanaian president said.
As a result, Siemens, a German power giant, and Ghana Grid Company (GRIDCo), signed an agreement at the Jubilee House, Accra in the presence of President Nana Addo Dankwa Akufo-Addo and the Chief Executive Officer of Siemens AG, Mr. Joe Kaeser on Tuesday.
This collaboration is said to aim at the improvement of Ghana’s electricity grid capacity and stability and to ensure that the country expands her ability to export power to neighboring countries in West Africa, such as Burkina Faso, Togo and Benin.
Kaeser was confident that this agreement would enable Ghana to modernize its grid infrastructure to bring power to the people in a more efficient way, and thus help Ghana build the country for the future.