Ghana also exports excess power to the neighboring countries of Benin, Burkina Faso and Togo.

Ghana has one of Africa’s highest rates of access to electricity at 86.63 percent with 74 percent of rural residents and 95 percent of urban residents connected to the electricity grid. Thanks to the MoU, IPPs in Ghana will benefit from RLSF which was not only created to help tackle climate change and attract investments by supporting renewable energy projects in ATI’s member countries, but also to protect the IPPs against the risk of delayed payments by public offtakers,” the company said in a statement. “The signing of the MoU has come at an opportune time when the demand for energy in Ghana is increasing by 10% per year, coupled with the country’s focus on expanding the contribution of renewable energy sources towards the country’s energy mix. The RLSF, a joint initiative of ATI, the KfW Development Bank and the Norwegian Agency for Development Cooperation (Norad), is a financial product that is designed to address the short term liquidity risks faced by small and medium sized Independent Power Producers (IPPs) that sell electricity to state owned power utilities – improving bankability and helping such projects reach financial close. This is in line with the country’s mission to promote access to reliable, clean, and affordable electricity. Nairobi, 12 September, 2022 – Nairobi-based pan African Investment and Credit Risks solutions provider, African Trade Insurance Agency (ATI), has signed a Memorandum of Understanding (MoU) with the Government of Ghana for the roll out of the Regional Liquidity Support Facility (RLSF). RLSF is a joint initiative of ATI, the KfW Development Bank and the Norwegian Agency for Development Cooperation (Norad) ATI Chief Executive Officer Manuel Moses (seated) with Ghana’s Vice President Mahamudu Bawumia at the Company’s AGM held June 2022 in Accra, Ghana.Ghana’s onboarding of RLSF will lead to significant progress in de-risking renewable energy projects, which should spur additional investments from project developers and lenders owing to the improved risk profile of the projects.Ghana becomes the ninth ATI Member State to sign the RLSF MoU

Viber out rates to ghana