Skip to main content

Japan Bank for International Cooperation sets eyes on Ghana’s energy sector

 


The Japan Bank for International Cooperation (JBIC) has expressed interest in investing in  Ghana’s energy transmission to contribute to electricity stability and engender  productivity and economic growth. 

Through semi-commercial loans, JBIC would support the financing of bankable projects, including the establishment of sub-stations as well as the provision of energy efficiency technology, which has worked in Japan to Ghana. 

Other areas of interest to the bank include oil and gas, manufacturing, green projects, including automobiles, energy transition and clean cooking, and health infrastructure development. 

Fukaya Satoko, Division Director, Energy and Natural Resources Finance Group, JBIC, disclosed this exclusively to the Ghana News Agency on the margins of the 2024 Africa Investment Forum (AIF) market days in Rabat, Morocco. 

A lot of Japanese companies have a kind of high technology to stabilise electricity, especially for the transmission lines. We can finance these projects if the government is interested,” Satoko said. 

She attributed the country’s capacity to make repayment, track record of coming out of crisis, and the need to expand the Bank’s reach in Africa as reasons for the interest to invest in Ghana. 

The Ghana government has tried to build up some kind of track record in coming out of crisis, and we can rely on that to invest in the country and support economic growth,” she said. 

At the 2024 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG), Dr Mohammed Amin Adam, hinted of the government’s willingness to allow private participation in the energy sector, which is faced with a US$1.9 billion financing gap. 

If the government has the right policies, we are ready to collaborate and bring Japanese companies into the country and ensure that things are made possible,” said, Satoko. 

She expressed optimism that a partnership between the government of Ghana, JBIC and Japanese companies would go a long way in reducing the energy sector challenges, and positioning, particularly, the electricity sector to support industrial growth. 

Labels:

Comments

Post a Comment

Popular posts from this blog

UK-Ghana Trade & Investment Summit: Trade Resource Centre to help businesses maximise UK-Ghana trade opportunities

 In a significant boost to UK-Ghana trade and investment relations, the UK-Ghana Chamber of Commerce (UKGCC), in partnership with the UK-Ghana Jobs and Economic Transformation (JET) Programme, has launched the UK-Ghana Trade Resource Centre, a practical market-access platform designed to help businesses identify opportunities, navigate export requirements and build commercial partnerships between Ghana and the United Kingdom. The UK and Ghana enjoy strong trade relations, with total bilateral trade reaching approximately £1.6 billion in the year to Q1 2026. Yet, despite this progress, significant untapped opportunities remain for businesses in both countries. The Trade Resource Centre has been established to help bridge information gaps, connect businesses with the right partners, and support firms to take greater advantage of opportunities under the UK-Ghana Trade Partnership Agreement. The launch formed one of the major outcomes of the UK-Ghana Trade & Investment Summit 2026,...
Post a Comment
Read more

NESCAFÉ Launches Real Vibes Text & Win Promo to Reward Coffee Consumers Across Ghana

 NESCAFÉ has launched the Real Vibes Text & Win Promo, an exciting consumer promotion designed to reward loyal coffee lovers and bring the brand’s My Coffee, My Vibe experience even closer to consumers across the country. Running from September to December, the promotion gives consumers the opportunity to enjoy their favourite NESCAFÉ coffee while standing a chance to win exciting prizes, including phones, motorcycles, airtime and the ultimate grand prize—an electric SUV. Speaking at the launch, Lily Ntim, Category Development Manager for NESCAFÉ, said the promotion reflects NESCAFÉ’s commitment to creating, rewarding and memorable experiences for consumers. “Today, we are excited to introduce the NESCAFÉ Real Vibes Text & Win Promo, a campaign designed to bring the My Coffee, My Vibe experience even closer to our consumers,” she said. She added that the campaign is not only about prizes, but also about celebrating the everyday moments consumers enjoy with their coffee. “T...
Post a Comment
Read more

Ghana Home Loans

With interest rates declining, a more liquid environment and a macroeconomic stability, mortgage financing is expected to see an ease of credit. And Ghana Home Loans being a leader in this industry is expected to lead the way. Ghana Home Loans (GHL), a leader in home mortgage, continues to be the frontier in fulfilling dreams of many Ghanaians in homeownership. Since starting business in 2006, it has also provided many existing homeowners with Equity Release mortgages to support their businesses, pay educational fees, improve their properties, or simply pursue other personal hobbies and interests. Ghana Home Loans is a mortgage finance institution which operates under Bank of Ghana’s supervision as a non-bank financial institution. At present, the Company remains the only such institution that focuses exclusively on the provision of mortgage product. Through the Home Completion mortgage and Home Construction mortgage products, Ghana Home Loans has enabled many qualified applican...
16 comments
Read more