World Bank pledges $700m for Ghana gas project

Madeleine Cuff
clock •

Record investment in offshore gas project aims to save 1.6 million tonnes of CO2 every year

The World Bank's board of directors yesterday approved $700m in investment guarantees for an offshore gas project in Ghana, in a bid to address the country's chronic electricity shortage and reduce its...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Energy

 SmartestEnergy and Zenco partner to launch UK's first seaweed-powered biomethane plant

SmartestEnergy and Zenco partner to launch UK's first seaweed-powered biomethane plant

SmarestEnergy has signed a long-term deal to bring green gas from a new seaweed-powered plant to market and feed it into the grid

clock 13 October 2026 • 2 min read
At COP31, countries must lay their electrification plans on the table

At COP31, countries must lay their electrification plans on the table

Countries must come to COP and set out specific plans for how they will remove the barriers and make the infrastructure investments that businesses need to electrify the global economy, writes WBCSD's CEO and president Peter Bakker

Peter Bakker, WBCSD
clock 12 October 2026 • 4 min read
'Decisive and widening': Battery storage undercutting gas peaking plants on cost, study shows

'Decisive and widening': Battery storage undercutting gas peaking plants on cost, study shows

Wood Mackenzie calculates four-hour battery storage projects are now less expensive than open-cycle gas turbines in all major markets

James Murray
clock 09 October 2026 • 5 min read