The World Bank has approved 95.5 million dollars to finance a project to increase electricity access, supply and reliability in Ghana.

According to the Board of Executive Directors of the Bank and the Global Environment Facility, the project is aimed at assisting the Energy Development and Access Project to support long-term efforts to improve the performance of power companies.

It would also help to increase energy efficiency, scale-up energy access to reduce urban-rural imbalance and enhancing renewable energy generation capacity.

According the World Bank rolling blackouts and inaccessibility in Ghana continued to impede economic growth and noted that there was an urgent need for a long-term visionary approach to sector management.