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Ghana ratifies framework agreement on International Solar Alliance

Parliament has ratified the Framework Agreement which seeks to establish the International Solar Alliance (ISA) as a treaty-based organization.

 

This is expected to enable the government leverage on the opportunities offered by the Alliance to provide clean and cheaper energy, cut down on green house gas emissions and accelerate Ghana's quest to increasing its renewable energy mix including solar. 

 

The House ratified the framework agreement on Tuesday when it resumed sitting after a two month break to begin the third meeting.

 

Chairman of the Committee on Mines and Energy, Emmanuel Akwasi Gyamfi, who presented a report of the Committee on the agreement, said Ghana stood a chance to benefit immensely from the initiative.

 

Among the benefits for becoming a founding Member of ISA he said are "access to US$10 billion renewable energy credit facility from India".

 

Former Minister for Power, Dr. kwabena Donkor, who seconded the motion for the adoption of the Committee's report on the framework, commended the Ministry of Energy for its role in ensuring the ratification of the Framework.

 

“I will want to congratulate the Ministry of Energy for bringing this project to the house, we will want to appreciate the efforts of the current minister in seeing to the fruition of this dream that began in 2015, when projects started by one regime are continued by the other regime, it goes to enhance our democracy and goes to enhance our position as a people,” Dr. Donkor said.

 

Majority leader and Minister for Parliamentary Affairs, Hon. Osei Kyei-Mensah Bonsu, in a contribution to the motion, urged the ministry and all relevant stakeholders to "act in dispatch" and make the necessary arrangements in order for the country to benefit from the package that comes with the agreement.

 

Minority leader and MP for Tamale Central, Hon. Haruna Iddrisu, on his part urged the Ministry of Energy to make efforts to access part of the US$ 2 billion renewable energy credit facility from India to support the expansion of the renewable energy resources in Ghana to complement the country's energy mix.

 

The International Solar Alliance (ISA) is a common and voluntary inter-governmental organization seeking to promote solar energy use in the world.

 

Ghana in May 2017 signed the ISA framework agreement to join the International Solar Alliance on the sidelines of the Annual General Meeting of the African Development Bank.

 

The initiative launched at the UN Climate Change Conference in Paris in 2015, currently has 121 Prospective member countries, 39 Signatory countries with 10 countries ratifying.

 

Among key objectives of ISA is the promotion of solar technologies, new business models and investment in the solar sector to enhance prosperity and to aggregate and formulate projects and programmes to get the cost optimization and benefits through economies of scale.

 

It also aims to develop innovative financial mechanisms to reduce cost of capital, build a common knowledge e-Portal and facilitate capacity building for promotion and absorption of solar technologies and research and development among member countries.

 

Source: ISD (Gilbert Ankrah)