Ghana to export its excess electricity to Nigeria, other countries
konknaijaboy | On 02, Oct 2014
In what appears to be a good gesture, but an embarrassing one for Nigeria, the Ghanaian government has announced its intention to export thousands megawatts of electricity to Nigeria, Ivory Coast and other neighboring West African countries with power deficit.
The Ghanaian President, John Mahama made the disclosure at the Africa Global Business and Economic Forum in Dubai on Wednesday, where he said his government had made huge investments in power generation that would enable it export excess electricity to Nigeria and others.
“We have given priority to electricity generation in our country. We have prioritized energy in such a way that we want to become the hub for power production in West Africa. We want to generate electricity to the point that excess power can be exported to Nigeria, Ivory Coast and other countries that have power deficit,” he said.
To bring its dream to fruition, Mahama said his country had secured export-import financing from China as well as special funds from Abu Dhabi to kick-off series of power generation projects, adding that a third hydropower dam project was already at an advanced stage.
The Ghanaian president spoke in a panel of discussion alongside President Paul Kagame of Rwanda and President Mulatu Wirtu of the Federal Democratic Republic of Ethiopia, noting that “where Africa faces some of its challenges lie its biggest opportunities. We are leveraging on public-private sector partnership to build infrastructure. Be it roads, electricity, ports or communication systems; if we create the right environment, investors will come.”
“Creating the right environment that will attract foreign direct investment is key,” he said.
To this end, Mahama joined Kagame and Wirtu to emphasize the need for African governments to strengthen anti-corruption agencies in their various countries, noting that “issues of accountability and transparency are very important. There must be mechanism to fight corruption. We all have institutions but the major thing is resourcing them to effectively fight corruption and perform effectively.”
For Kagame, African governments must create a system that is not sympathetic to corruption, saying this would help drive the required Foreign Direct Investment into the continent.
He posited that “it is one thing to have the institutions; it is another thing to allow them to work. Governance and structure must be in place to make them to work,
“African governments must fix infrastructure, investment in development of education and skills, and also enhance connectivity among African countries,” he said.