MCC Opens Door to Ghana Again as MiDA Revives Development Partnership
The Millennium Challenge Corporation (MCC) has signalled renewed interest in deepening its development partnership with Ghana, as the United States development agency welcomed a high-level delegation from the Millennium Development Authority (MiDA) for discussions on Ghana’s next phase of economic transformation. The engagement, held in New York, brought together senior officials of the two…
The Millennium Challenge Corporation (MCC) has expressed renewed interest in strengthening its development partnership with Ghana, following a high-level delegation from the Millennium Development Authority (MiDA) meeting in New York. The delegation, led by Alexander Kofi-Mensah Mould and Charles Abugre, discussed Ghana’s past Compacts and potential areas of future cooperation.
Potential opportunities for renewed collaboration include energy and regional power integration. MiDA's Jason Small emphasized that Ghana’s track record with MCC would be a crucial factor in determining future compact development. A new assessment framework considers American Returns, including U.S. investment, exports, and supply chain development.
The $498.2 million Ghana Power Compact concluded in 2022, with MiDA taking over from MCC, focusing on energy infrastructure and power-sector reforms.
Written by urgent.news from The Chronicle Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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