| Financier | Commitments |
|---|---|
| Energy Sector Management Assistance Program | 10.00 |
| IDA Shorter Maturity Loan (SML) | 140.00 |
| IDA Credit | 110.00 |
| Borrower/Recipient | 974.00 |
Ghana Energy Sector Recovery Program
Abstract*
The IPF component will finance priority investments needed to reduce electricity losses of the main distribution utility, ECG (mainly meters and commercial and meter management systems, and critical commercial loss reduction activities). It will also finance technical assistance to support capacity building of key stakeholders, sectoral studies, and operational costs. The PforR component will fund improvements in the methodology for economic dispatch... Show More
Development Objective
The Program’s Development Objective (PDO) is to improve the financial viability of the electricity distribution sector in Ghana and to increase access to clean cooking solutions.
Key Details
Project Details
P173258
Active
Dhruva Sahai , Amol Gupta, Maame Ankoh
Republic of Ghana
February 11, 2021
(as of board presentation)
June 12, 2024
N/A
US$ 365.00 million
Electricity Company of Ghana (ECG),Ministry of Energy,GRIDCo
2024
US$ 260.00 million
N/A
April 6, 2023
June 30, 2028
Yes
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | N/A |
| IDA Commitment | 250.00 |
| IBRD + IDA Commitment | 250.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | 10.00 |
| Total Project Cost** | 365.00 |
Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Jun 12, 2024 | IDA-75930 | Loan Commitment | 140,000,000.00 |
| Jun 12, 2024 | IDA-75920 | Loan Commitment | 110,000,000.00 |
Ratings
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Annual Power Sector Revenue Shortfall Value 1500000000.00 0.00 800000000.00 Date December 31, 2021 December 31, 2024 Comment People provided with clean and efficient cooking solutions under the project Value 0.00 0.00 2000000.00 Date December 31, 2021 December 31, 2024 Comment of which, female Value 0.00 0.00 0.00 Date Comment ECG operational performance has improved Value 0.64 0.00 0.72 Date December 31, 2021 September 30, 2024 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Stoves distributed to schools Value 0.00 0.00 261.00 Date December 31, 2021 December 31, 2025 Comment Net greenhouse gas (GHG) emissions Value 0.00 0.00 4000.00 Date December 31, 2021 December 31, 2024 Comment Stoves distributed to households Value 0.00 0.00 450000.00 Date December 31, 2021 December 31, 2025 Comment Stoves distributed to caterers Value 0.00 0.00 6739.00 Date December 31, 2021 December 31, 2025 Comment Publication of ECG Performance Contract and key governance documents Value No Yes Date December 31, 2021 December 31, 2023 Comment Pre Payment Meters installed in non-strategic MDAs Value 0.00 0.00 17500.00 Date December 31, 2021 December 31, 2023 Comment ECG collection rate Value 90.00 0.00 98.00 Date December 31, 2020 December 31, 2024 Comment Reduction of school and small business expenditure on traditional fuel (charcoal, firewood) Value 2.00 0.00 1.00 Date December 31, 2021 December 31, 2025 Comment LPG use per capita Value 7.28 0.00 8.50 Date December 31, 2020 December 31, 2025 Comment Net greenhouse gas (GHG) emissions Value 0.00 0.00 4000.00 Date December 31, 2021 December 31, 2025 Comment Satisfaction rate of households/caterers/schools Value Not applicable High Date December 31, 2021 December 31, 2025 Comment ECG electricity losses Value 30.00 0.00 26.40 Date December 31, 2021 December 31, 2024 Comment Revenue requirements of DISCOs set and periodically adjusted to allow full recovery of costs incurred for efficient service delivery Value Revenue requirements of DISCOs are not set and per PURC implements periodic adjustments of each compo Date December 31, 2021 December 31, 2024 Comment ECG has established a Board Committee for loss reduction and collections improvement Value There is no Board Committee Charter developed and Annual Report contains description of Board Commit Date December 31, 2021 December 31, 2023 Comment Increase of use of LPG for cooking Value No GoG funded national LPG promotion program. 50% Completion of the NLPGPP Phase 1 target Date December 31, 2020 December 31, 2024 Comment ECG has improved its transparency and accountability in the public domain and with GoG Value ECG website contains little performance and govern SIGA reviews Before October 31, 2022, ECG’s websit Date April 1, 2022 December 31, 2023 Comment Share of female workers hired in ECG Value 25.00 0.00 28.00 Date April 1, 2022 December 31, 2024 Comment