{"id":25481,"date":"2022-09-12T18:50:00","date_gmt":"2022-09-12T18:50:00","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/uncategorized\/ati-ghana-sign-mou-to-enhance-production-of-affordable-power"},"modified":"2022-09-12T19:09:10","modified_gmt":"2022-09-12T19:09:10","slug":"ati-ghana-sign-mou-to-enhance-production-of-affordable-power","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/ati-ghana-sign-mou-to-enhance-production-of-affordable-power","title":{"rendered":"ATI, Ghana sign MOU to enhance production of affordable power"},"content":{"rendered":"

Africa-Press – Ghana. <\/strong><\/span>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). This is in line with the country\u2019s mission to promote access to reliable, clean, and affordable electricity.<\/p>\n

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 \u2013 improving bankability and helping such projects reach financial close.<\/p>\n

\u201cThe 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\u2019s focus on expanding the contribution of renewable energy sources towards the country\u2019s energy mix. 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\u2019s member countries, but also to protect the IPPs against the risk of delayed payments by public offtakers,\u201d the company said in a statement.<\/p>\n

Ghana has one of Africa\u2019s 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.<\/p>\n

Ghana also exports excess power to the neighboring countries of Benin, Burkina Faso and Togo. Additionally, the country, which currently has a total installed capacity of over 5,300 MW \u2013 aspires to industrialize, modernize its agriculture, and provide economic opportunities for its growing population. However, one of the key constraints to this vision is access to reliable and cost-efficient electric power, and the sector\u2019s current financial deficit. RLSF will therefore be available to relieve the financial burden of the national utility, the Electricity Company of Ghana (ECG), which is often asked to provide collateral for similar liquidity instruments under power purchase agreements. Ghana is the ninth ATI Member State to have signed the RLSF MoU \u2013 joining Benin, Burundi, C\u00f4te d\u2019Ivoire, Madagascar, Malawi, Togo, Uganda and Zambia.<\/p>\n

For More News And Analysis About Ghana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Ghana. 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). This is in line with the country\u2019s mission to promote access to reliable, clean, and […]<\/p>\n","protected":false},"author":84,"featured_media":25480,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,3,7,8],"tags":[10220,5092,5096,429],"class_list":["post-25481","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-community","category-head-lines","category-homepage-english","tag-affordable","tag-africa-press","tag-africa-press-ghana","tag-ghana"],"yoast_head":"\nATI, Ghana sign MOU to enhance production of affordable power - Ghana<\/title>\n<meta name=\"description\" content=\"Nairobi-based pan African Investment and Credit Risks solutions provider, African Trade Insurance Agency (ATI), has sign ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/ghana\/all-news\/ati-ghana-sign-mou-to-enhance-production-of-affordable-power\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ATI, Ghana sign MOU to enhance production of affordable power\" \/>\n<meta property=\"og:description\" content=\"Nairobi-based pan African Investment and Credit Risks solutions provider, African Trade Insurance Agency (ATI), has sign ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ghana\/all-news\/ati-ghana-sign-mou-to-enhance-production-of-affordable-power\" \/>\n<meta property=\"og:site_name\" content=\"Ghana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-12T18:50:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-09-12T19:09:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2022\/09\/postQueueImg_13-631f83981c676.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1068\" \/>\n\t<meta property=\"og:image:height\" content=\"712\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ati-ghana-sign-mou-to-enhance-production-of-affordable-power#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ati-ghana-sign-mou-to-enhance-production-of-affordable-power\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"ATI, Ghana sign MOU to enhance production of affordable power\",\"datePublished\":\"2022-09-12T18:50:00+00:00\",\"dateModified\":\"2022-09-12T19:09:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ati-ghana-sign-mou-to-enhance-production-of-affordable-power\"},\"wordCount\":391,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ati-ghana-sign-mou-to-enhance-production-of-affordable-power#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2022\/09\/postQueueImg_13-631f83981c676.jpg\",\"keywords\":[\"affordable\",\"Africa Press\",\"Africa Press-Ghana\",\"ghana\"],\"articleSection\":[\"all news\",\"community\",\"head lines\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/ati-ghana-sign-mou-to-enhance-production-of-affordable-power#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ati-ghana-sign-mou-to-enhance-production-of-affordable-power\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ati-ghana-sign-mou-to-enhance-production-of-affordable-power\",\"name\":\"ATI, Ghana sign MOU to enhance production of affordable power - 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