Bawumia commissions $50m electricity supply point in Kasoa
The substation will serve the rapidly growing municipality of Kasoa, as well as Winneba and neighboring communities.
Speaking at the inauguration, Dr Bawumia said the project, which began two and a half years ago, will significantly improve the power supply for the rapidly growing and industrializing Kasoa community and beyond.
“This strategic investment will also contribute to the reduction of technical losses, the improvement of the quality of electricity and the resolution of the problems related to the quantum of unserved energy, thus improving the operational efficiency and the finances of ECG. and GRIDCo.“, added Dr. Bawumia.
The Vice President noted that the Kasoa Bulk Supply Point, which is the second of two programs under the US Government’s Millennium Challenge Account agreement with Ghsna, has, along with the other program, added to the richness of our nation.
“From the Agricultural Transformation Compact in 2007-2012 to the Power Compact, from 2017 to date, Ghana’s Compact programs have benefited from some $863 million in grants that have supported investments in life-saving projects and helped actors in our chains local supplies.“, said Dr. Bawumia.
“These interventions, funded by the government and people of the United States of America, have resolved some binding constraints in two vital sectors of our economy and have left excellent benchmarks in the management of development programs, worthy of emulation; in particular the use of donor funds to complete projects on time and within budget.”
The Vice President conveyed Ghana’s deepest gratitude to the Government of the United States of America for their support and cooperation.
Regarding the state of electricity supply in the country, Dr Bawumia said that the NPP government had invested significantly to improve the erratic power supply that the government inherited.
“As we today inaugurate a major power infrastructure like this substation, it should be noted that many resources have also been devoted to Ghana’s power sector, since our government took office in 2017. This is demonstrated by the fact that the phenomenon of erratic electricity supply has eased and the availability of good quality electricity has improved, enabling enterprises to gradually increase their production and improve their productivity.”
The inauguration of Kasoa Bulk Power Supply ends Ghana’s second program under the Millennium Challenge Account agreements, which invested
Ghana remains one of the few countries to have successfully completed two programs under the MCA, and Dr Bawumia, who participated in both agreements, appealed to the United States for a third compact agreement.
“As the Compact draws to a close, allow me to stress that the bond between Ghana and the United States of America will continue to grow stronger, enabling the realization of our shared values, which focus on sustainable economic growth, job creation and poverty reduction..”
“We look forward to Ghana’s nomination for another Millennium Challenge Compact program.”
“I was intimately involved in the first Compact, I was intimately involved in the 2nd Compact and in shaa Allah, I will be intimately involved in the 3rd Compact.”
“On that note, I officially raise the curtain on Ghana’s Second Millennium Challenge Compact, the Power Compact.”