An European Investment Bank (EIB) delegation has undertaken a mission to Ghana with the aim to follow up on outstanding operations and identify new projects eligible to be funded by EIB, notably in the infrastructure and financial sectors.
EIB’s focus areas include energy, water and sanitation, transport, cities, SMEs and private sector support. Furthermore, the delegation intends to get an update on the prospective financing of projects aligned with its focus areas from the Ghanaian Government’s budget.
In this context, the delegation, led by Mrs. Marielle Leseur, EIB Loan Officer for Ghana visited GRIDCo to discuss possible areas for continuing the cooperation between the Republic of Ghana and the EIB. She was accompanied by three (3) officials from the European Union Delegation to Ghana.
The discussion involved funding critical projects, which will strengthen the cross-border trade between Ghana and its neighbours in the West African Power Pool. Of key interest was the funding of the second interconnection between Ghana and Côte d’Ivoire at 330 kV and co-funding the 330kV Pokuase – Anwomaso project with Kreditanstalt Für Wiederaufbau (KfW). These projects, when completed will improve reliability, reduce transmission losses and promote Ghana’s export agenda.
Ing. Vincent Boachie, Director of Engineering, led the Management team on behalf of the Chief Executive, who was away on another equally important assignment.