Media Advisory

Energy Companies Team Up with Millennium Challenge Corporation and Government of Ghana to Transform Power Sector

Industry leaders, U.S. Government, and Republic of Ghana officials to participate in teleconference about shaping the future of the energy sector in Ghana

What:	High-level stakeholders in Ghana’s energy future will take part in a teleconference discussion about the largest U.S. Government-funded transaction of President Obama’s Power Africa initiative. Power Africa is designed to double access to power on the African continent. The transaction or compact is a five-year, $498 million agreement between the U.S. Millennium Challenge Corporation and the Government of Ghana to transform that country’s power sector. The compact will be signed on August 5th at the U.S.-African Leadership Summit, marking an unprecedented opportunity for collaboration across public and private sectors in Ghana.
Who:	Jay Ireland, President & CEO, General Electric Africa Samuel Sefa-Dedeh, National Coordinator, Ghana, Millennium Development Authority Deidra Fair James, Ghana Country Director, U.S. Millennium Challenge Corporation
Where:	Conference call info: US: +1 866 385 2370 International: +1 7249244597 Conference ID: 837 10029
When:	Monday, August 4, 2014, 1:00pm – 2:00pm
Why:	The Ghana Power Compact is expected to catalyze more than $4 billion in private energy investment and activity from American and global energy firms in the coming years. The teleconference presents an opportunity for participants to discuss long-term outlook and implications for global energy companies.

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MCC is an innovative and independent U.S. agency that is working to reduce global poverty through economic growth. Created by the U.S. Congress in January 2004, with strong bipartisan support, MCC provides time-limited grants and assistance to countries that demonstrate a commitment to good governance, investments in people and economic freedom.