MCC, Ghana explore new development partnership
The Millennium Challenge Corporation (MCC) has opened fresh discussions with Ghana on a possible return to a development partnership. This followed a high-level meeting with officials of the Millennium Development Authority (MiDA) in New York. The meeting provided an opportunity for the two institutions to review Ghana’s longstanding relationship with the United States development agency, … The…
The Millennium Challenge Corporation (MCC) is exploring a potential new development partnership with Ghana, following high-level talks in New York between MCC officials and the Millennium Development Authority (MiDA). The discussions focused on reviewing Ghana's past relationship with the U.S. development agency, evaluating the outcomes of the two completed MCC Compacts, and identifying future collaboration opportunities.
Ghana's previous experience working with the MCC would be a key factor if the country chooses to enter into another Compact. Jason Small, Acting Vice-President for Compact Operations at MCC, emphasized that the Corporation would re-assess Ghana's previous investments, their completion status, and the sustainability of associated reforms.
The $498.2 million Ghana Power Compact, signed in 2014, was implemented by MiDA after the ECG-PDS concession was terminated in 2019. The energy sector could serve as a basis for renewed cooperation, with potential improvements to the electricity grid, distribution companies, and regional integration across West Africa. Additionally, Ghana and Nigeria could work together on natural gas infrastructure to support regional power generation and enhance electricity reliability.
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