The Jospong Group of Companies (JGC) has signed an enticing Memorandum of Understanding (MoU) with EKI Energy Services Ltd to catalyze carbon credit growth in Ghana.
This strategic alliance intends to generate an astonishing USD1 billion in carbon credit finance, with a pledge to create over 1000 jobs in Ghana and West Africa by 2030.
Under the terms of the agreement, EKI will offer JGC with critical technical assistance to ensure the project’s success. The partnership’s exclusivity is protected for a five-year term.
Dr. Joseph Siaw Agyepong, Chairman of JGC, emphasized the collaborative approach to technical, financial, and developmental issues.
Speaking at the signing event in Accra on Tuesday, he praised EKI Energy’s experience and leadership in climate change, underlining their position as the right partner for this initiative.
“We are partnering with EKI Energy because of their experience, so they can hand-hold us and propel strong development in the sector,” Dr. Agyepong stated.
Dr. Agyepong offered scholarships for ten people interested in studying climate change this year as part of his commitment to developing future leaders in the field.
Mr. Manish Dabkara, Chief Executive Officer of EKI Energy Services Limited, guaranteed JGC of his significant assistance in attracting carbon investments. With a track record of delivering over 200 million offsets, he stressed his company’s technological expertise and experience in fulfilling their objective.
Dr. Henry Kokofu, Executive Director of the Environmental Protection Agency (EPA), who attended the event, lauded the partnership as a critical milestone that will help Ghana gain prominence on the world stage. He complimented JGC and its Chairman for the brave step in investing and harnessing prospects in the climate change arena.
“This is one of the legacies of President Akufo-Addo, who has championed private sector participation in the climate change arena,”
Dr. Kokofu noted, praising the Jospong Group for taking the initiative while others hesitated.
EKI Energy Services Ltd. (EKI) is a global leader in carbon credit development and supply, with a listing on the Bombay Stock Exchange.
With over 15 years of expertise, EKI is a market leader in climate change, carbon offset solutions, and carbon asset management, operating in 16 countries and serving over 3500 clients worldwide, including this partnership with the JGC.
The Jospong Group of Companies, on the other hand, is a diversified holdings firm in Ghana that operates in 14 areas of the economy, including Waste Management, ICT, Banking, Automobiles, and Equipment. The company’s operations extend throughout Africa and Asia.