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World Bank Approves US$700m guarantees for Ghana’s Energy Transformation
Washington, US (Capital Markets in Africa) – The World Bank’s Board of Directors today approved a record investment of $700 million in guarantees for Ghana’s Sankofa Gas Project – a transformational project that will help address the country’s serious energy shortages by developing new sources of clean and affordable natural gas for domestic power generation. The Board approved a unique combination of two guarantees for the Project – an IDA* Payment guarantee of $500 million that…
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