The MoU was signed
by Siemens and the Ghana Grid Company Limited (GRIDCo) in the presence of His
Excellency, the President of the Republic of Ghana, Nana Akufo-Addo and the
President and Global Chief Executive Officer of Siemens AG, Joe Kaeser.
Under the agreement, the two companies will work collaboratively to upgrade and extend Ghana’s
transmission infrastructure, improve the country’s grid capacity and stability,
enable and expand a stable power export to neighbouring countries in the West
African Power Pool.
“Access to electricity is an imperative need for the people
and business and, thus, for economic success of any economy. As
Ghana has significantly invested into generation capacity, there
is now an urgent need to build a reliable, affordableand sustainable electrical network for the country and its people. With our proven and unique end-to-end electrification solutions,
our expertise and reliability, Siemens can be a technology partner and help the
country achieve its objectives,” Joe Kaeser, President and CEO of
The President of the Republic of
Ghana has set out to achieve an ambitious strategy to
transform the country, both socially and economically, driving its progress to
becoming a sustainably industrialized county. The Government is currently
delivering on the promises made in their 2016 election manifesto. These goals include
the issuing of National ID Cards, the reduction of electricity prices, reviving
Ghana’s railways and reversing the trend of declining economic growth.
“We applaud Ghana for all its achievements under the
leadership of President Nana Akufo- Addo. We are eager to contribute
to Ghana’s successes by creating local value and being a
powerful and reliable regional partner to the country's socio-economic
development goals,” says Joe Kaeser.
To support Ghana’s increasing need
to reform the national Technical Vocational Education and Training (TVET) system, Siemens
will also educate and train young Ghanaians in various engineering disciplines
and provide training on Siemens equipment for STEM education and TVET.
Joe Kaeser further stated that
Siemens is pleased to be entering this partnership and contributing to the
growth and development of Ghana. Improving the energy sector in Ghana is now
one of the key priorities for Siemens, therefore the implementation of this MoU
will help leapfrog the country and its people towards its industrial and
societal development goals.