Ghana's Minister Highlights Financing Challenges for Microgrid Expansion in Electricity Access Initiative
John Abdulai Jinapor, Ghana's Minister of Energy, emphasized that financing is a significant barrier to expanding microgrids and minigrids for universal electricity access. During a forum in Accra, he noted that high upfront costs and perceived risks deter private investment. The forum aimed to create consensus on accelerating decentralized renewable energy deployment. Currently, 3.5 million Ghanaians lack reliable electricity, with efforts focused on utilizing stable policies and frameworks to overcome financing hurdles.
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Ghana's Minister of Energy, John Abdulai Jinapor, identified financing as a critical barrier to the expansion of microgrids and minigrids necessary for achieving universal electricity access. Speaking at a forum in Accra, he cited high upfront costs and risks as deterrents for private sector involvement.
The current electricity access rate in Ghana stands at 89.03%, leaving approximately 3.5 million people without reliable power, predominantly in remote areas. Jinapor emphasized the need for decentralized systems powered by renewable sources to provide reliable electricity and support economic activities.
The forum reviewed progress from the Africa Energy Parks initiative and the Scaling-Up Renewable Energy Programme, which aim to enhance off-grid electrification and secure stakeholder buy-in. Collaboration among government, industry, and development partners is essential for effective implementation.
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