The World Bank has committed to providing assistance to enhance Ghana’s initiatives in renewable energy and flood management.

The World Bank has pledged to support Ghana in increasing access to renewable energy. It focuses on delivering accessible and low-emission electricity. It also aims to supply reliable and affordable electricity to businesses and individuals. The Bank has also committed to supporting initiatives aimed at addressing perennial flooding in the country. Its plans include improving infrastructure to enhance flood resilience.

Mr. Wencai Zhang is the World Bank’s Managing Director and Chief Administrative Officer (MDCAO). He gave these assurances over the weekend. This was during a visit to several World Bank-supported projects in Ghana.

As part of his tour, Mr. Zhang visited Africa’s largest single solar rooftop project, commissioned in July 2024. Located within the Tema Free Zone, the 16.82-megawatt installation provides a cleaner and more cost-effective energy source for businesses. He also inspected drainage works and large-scale flood management infrastructure under the Greater Accra Resilient and Integrated Development (GARID) project. This includes upgrades to the lower Odaw channel and Korle Lagoon. The upgrades have three primary goals. They aim to reduce flood risk. They focus on improving solid waste management. They aim to enhance access to basic services in communities within the Odaw River Basin.

Mr. Zhang concluded his visit at the redeveloped Kwame Nkrumah Memorial and Mausoleum Park. This is a flagship site completed under the World Bank-funded Ghana Tourism Development Project (GTDP).

Speaking with management of LMI Holdings, the developers of the solar rooftop project, Mr. Zhang emphasized the World Bank’s continued commitment to supporting sustainable and resilient infrastructure that generates both social and economic benefits.He expressed confidence that the 16.82MW solar project would significantly lower energy costs, enhance efficiency in the energy sector, and contribute to reducing emissions.

“Looking ahead, we are working on new projects to support the government’s industrialisation drive and expand renewable energy development in Ghana. These initiatives will take our cooperation to a new level…We will not only provide financing but also share global best practices on how other countries are reforming their energy sectors to develop renewable sources like rooftop solar,” he added.” Mr. Zhang stated

Minister for Energy and Green Transition, Mr. John Abdulai Jinapor, lauded the World Bank for its support. He affirmed the government’s commitment to integrating more solar energy into the national grid. He encouraged LMI Holdings to take interest in future projects. He urged them to offer competitive pricing. Ghana is preparing to launch an all-in-one solar system for streetlights.