Ghana Power Compact
Through our $308 million compact, MCC is helping the Government of Ghana transform the power sector through private sector participation and key policy and institutional reforms that will provide more reliable and affordable electricity to Ghana’s businesses and households. Our investment has already catalyzed nearly $3 billion in new private investment that will support sustainable growth, including from a number of U.S. businesses.
The United States is among Ghana’s principal trading partners, with bilateral trade between the two countries reaching $1.2 billion in 2015. While Ghana has experienced strong economic growth over the past 10 years, the power sector has not kept up with increasing demand from businesses and consumers. A lack of affordable and reliable power is a real barrier to doing business in the country, holding back Ghana’s potential for private investment and partnership with American businesses.
Financials
Financials as of September 30, 2020
Compact Budget
Milestones
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Signed:
August 6, 2014 -
Entry Into Force:
September 6, 2016
Compact Projects
As of December 10, 2020