|Policy status:||In Force|
|Policy Type:||Economic Instruments>Fiscal/financial incentives>Loans, Economic Instruments>Fiscal/financial incentives>Tax relief|
|Renewable Energy Policy Targets:||Wind, Onshore, Wind, Offshore, Multiple RE Sources, Power|
|Agency:||Ministry of Energy|
|Renewable Energy Description:|
The Ghana Energy Development and Access Project is a cooperation project between the Ghanaian government and a set of international institutions, mainly the World Bank, the Swiss Economic Cooperation and the African Development Bank, to improve Ghanaian electricity sector performance. The program first targets the sectors institutional performance and suitability, the improvement of electricity distribution second and the increase in the share of electricity from renewable sources third. With regards to the planning of renewable energies deployment projects in rural areas, specific attention will be paid to local demand, resource availability and distance to the grid. To encourage the production of affordable electricity, the plan is deploying over 7,500 PV systems to schools, hospitals and off-grid communities. End-users are granted 50% of the appliance purchasing price, and the remaining 50 % will be supported by the Apex Bank or others SME-focused Ghanaian banks over a three years period. Moreover, investors will benefit from a total import duty exemption on renewable energy (RE) generators, including solar generators and wind turbines, from a total VAT exemption on imported RE products -if all components are imported as a whole- and an exemption from import duties on plant, machinery and equipment imported specifically and exclusively for the establishment of the companies.
Last modified: Thu, 31 Jan 2013 09:56:02 CET