Thursday, July 3, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home Investments

The United States has completed a $316 million investment in Ghana’s Energy Infrastructure

Tech Gist Africa by Tech Gist Africa
06/06/2022
in Investments, News - West Africa
0 0
0
Ghana Energy

Ghana Energy

0
SHARES
Share on FacebookShare on Twitter

The United States has concluded its nearly six-year $316 million investment in Ghana’s energy infrastructure with the opening of the Kasoa Bulk Supply Point (BSP), providing more stable power to hundreds of thousands of schools, hospitals, offices, and households. 

The Kasoa Bulk Supply Point (BSP) was solemnly inaugurated today by Deputy Chief of Mission Nicole Chulick, Vice President of Ghana H.E. Dr. Mahamudu Bawumia, and other Ghana government officials. 

The $50 million power substation was funded by the US government as part of the MCC-Ghana Power Compact. 

“The completion of the MCC Ghana Power Compact is marked by the inauguration of the Kasoa Bulk Supply Point.” During the inauguration, Chulick stated, “This was a nearly six-year, $316 million commitment by the American people to develop Ghana’s energy infrastructure and support long-term economic prosperity.” 

The MCC Ghana Power Compact spent $316 million on new power infrastructure and reforms to give Ghanaians more reliable and inexpensive electricity. It also backed initiatives aimed at increasing energy efficiency and expanding possibilities for women in the power industry. 

The partnership was implemented by Ghana’s Millennium Development Authority (MiDA) in collaboration with the Ghanaian government. 

The Pokuase BSP, the Kasoa BSP, the University of Ghana Medical Center Primary Substation in Legon, and the Ellen Moran Primary Substation at Kanda were all built as part of the MCC Ghana Power Compact, which successfully upgraded the country’s power sector. The 37 Military Hospital, Greater Accra Regional Hospital, University of Ghana Medical Center, Noguchi Memorial Institute for Medical Research, the National Mosque, and over 800,000 utility customers are all served directly by these new electricity substations. Compact initiatives improved the electrical system in ten Accra and Tamale marketplaces. 

More than 14,000 new energy-efficient streetlights with metered management systems were installed as part of the compact, replacing old, inefficient lighting and setting a new norm for energy savings. 

Finally, the compact aided in the development of a curriculum for energy efficiency education in schools. 

As a result of the Compact, Ghana will develop energy auditing centers in collaboration with three major technical colleges, bolstering Ghana’s status as a West African leader in energy efficiency.

 

Read more on Tech Gist Africa:

Samsung plans to invest $356 billion to generate 80,000 new job opportunities

Ghana Startup Ecosystem Program to provide digital skills to 7000 youth

MTN Ghana makes a $1.6 million donation to the Girls in ICT Program in Ghana

ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

Related Posts

Zero Carbon Charge South Africa
Investments

Zero Carbon Charge, a South African startup secures US$5.6 Million investment

by Tech Gist Africa
06/15/2025
0

Zero Carbon Charge, a pioneering South African startup specializing in off-grid, solar-powered electric vehicle (EV) charging stations, has secured a...

Read more
Kera Senegal

KERA, a Senegalese E-Health Startup Secures $10 Million Funding

06/15/2025
DHL Group

DHL Group to Invest $575 Million in Healthcare and Logistics Expansion Across Africa and the Middle East

06/15/2025
Salpha Energy Nigeria

Salpha Energy, a Nigerian Clean Energy Startup Secures $1.3 Million Investment

06/15/2025
Cutstruct Nigeria

CutStruct, a Nigerian construction-tech startup, has raised US $1.5 million in a seed funding round

06/15/2025
Next Post
SHERYL SANDBERG FACEBOOK

Sheryl Sandberg, the COO of Meta, the parent company of Facebook is leaving the company after 14 years 

Binance

Binance Labs announces the closing of a $500 million investment fund to support blockchain, Web3, and value-creation technologies

Enko Education South Africa

Enko Education, a South African company, has raised $5.8 million in a Series B funding round

No Result
View All Result

The Big 5

Blockchain

The Role of Blockchain in Enhancing Africa’s Financial Systems and Security

by Tech Gist Africa
06/30/2025
0

...

Artificial Intelligence

How Artificial Intelligence is Transforming Industries Across Africa

by Tech Gist Africa
06/23/2025
0

...

Africa startups

Kenyan Startups Invited to Apply for €100,000 develoPPP Ventures Grant

by Tech Gist Africa
06/15/2025
0

...

Neuralink Elon Musk

Neuralink Secures $650 Million in Series E Funding to Advance Brain Implant Technology

by Tech Gist Africa
06/15/2025
0

...

Telegram Grok

Telegram Scores $300 Million xAI Deal to Integrate Grok Across One Billion Users

by Tech Gist Africa
06/15/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.