$700 million approved for Ghana's energy program.

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The World Bank approved a record investment of $700 million in guarantees for Ghana's Sankofa Gas project designed to help address energy shortages by developing new sources of natural gas for domestic power generation. The guarantees could mobilize $7.9 billion in private investment for offshore natural gas, representing the biggest foreign direct investment in Ghana's history.

Developing the Sankofa Gas Project, located 60 km offshore, should bring...

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