Jinapor Urges Swift Operationalisation of Africa Energy Bank to Power Continental Growth-Ghana
Ghana’s Minister for Energy and Green Transition, John Jinapor, has called for urgent action to make the Africa Energy Bank fully operational. Speaking at the 2025 Africa Energy Technology Conference (AETC), he emphasized the importance of reducing Africa’s reliance on foreign funding for energy projects, arguing that external financing often comes with unfavorable conditions that hinder sustainable development.
Jinapor asserted that Africa must develop its own financial markets to effectively support the continent’s vast energy infrastructure needs. According to him, establishing strong internal financing mechanisms will help de-risk investments, support major energy initiatives, and ensure value remains within Africa rather than flowing abroad.
Highlighting the transformative potential of the Africa Energy Bank, the minister said its full operationalisation must be treated as a continental priority. He argued that only through homegrown solutions can African countries unlock their resource wealth and achieve energy independence and economic stability.
The 2025 AETC served as a platform for key stakeholders including policymakers, investors, and technology leaders to discuss strategies for advancing Africa’s energy transition. Jinapor’s remarks set the tone for a conference focused on innovation, investment, and actionable solutions for sustainable energy growth.
Held under the theme “Innovate, Invest, Implement: Revolutionising Financing for Sustainable Energy Growth in Africa,” the conference spotlighted the urgent need for financial innovation and regional collaboration in transforming Africa’s energy landscape.
Source: Citi newsroom