The Multilateral Investment Guarantee Agency (MIGA), the political risk insurance arm of the World Bank Group, has guaranteed an investment of $179m for a seawater desalination project in Ghana.
The project aims to provide 60,000m³ of potable water per day to residents in the Teshie-Nungua area of Accra, Ghana.
To be built on a 25-year build-own-operate-transfer basis, the plant is expected to benefit about 500,000 people in the region.
Ghana is one of the four sub-Saharan Africa countries on track to meet the Millennium Development Goal water targets with the completion of this seawater desalination project.
The country requires huge investment over the next ten years to meet its increasing demand for water.
Takatsune Hirayama of Daye Water Investment (Ghana) said the investment in this project will increase the water supply and reduce the frequent occurrence of water and sanitation-related diseases, including cholera in the area.
"It will also eliminate the need to purchase water from water trucks, which is expensive and, moreover, the quality cannot be assured," Hirayama added.
MIGA executive vice president Izumi Kobayashi said it is a priority task to supply increased water in the project area, where most residents don't have access to safe drinking water.
"We're very pleased to be supporting this investment that will supply water to Accra's residents and provide technical know-how in seawater treatment to build capacity in the country," Kobayashi added.
An estimated 4 million of Ghana's 24 million-strong population live in Accra and the surrounding area.
Image: MIGA has guaranteed an investment of $179m for a seawater desalination project in Ghana. Photo: Vmenkov.