President John Dramani Mahama has given the indication of his government opening talks with the Millennium Challenge Corporation (MCC) for the release of US$190 million grant towards reforms in the distribution of electricity in the country.
According to President Mahama, the energy sector remains the "Achilles heel" of Ghana's financial and economic stability and steps must be taken to put it in a better shape to support the growth of the economy.
In a meeting with Ousmane Diagana, the Regional Vice President for Western and Central Africa at the World Bank, in Accra on Wednesday, President Mahama said his government would soon engage the MCC on the matter. "I spoke to the Americans during my last visit to the US.
We met with the MCC and we asked if it was possible for them to reinstate the US$190 million that they had devoted to it and they said the door is not closed.