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Jospong Group to Spearhead Carbon Credit Development in Ghana

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In a groundbreaking move, the Jospong Group of Companies (JGC) has officially inked a Memorandum of Understanding (MoU) with EKI Energy Services Ltd, marking a strategic alliance to drive carbon credit development in Ghana.

The collaborative vision sets an ambitious target of mobilizing USD1 billion in carbon credit financing and creating over 1000 job opportunities by 2030 across Ghana and West Africa.

Under the terms of the exclusive agreement, EKI Energy Services Ltd will provide essential technical assistance to JGC for the successful execution of this transformative project, solidifying a robust partnership slated for an impactful five-year term.

During the signing ceremony held in Accra on Tuesday, Dr. Joseph Siaw Agyepong, Chairman of JGC, underscored the collaborative emphasis on technical, financial, and developmental aspects. Dr. Agyepong expressed unwavering confidence in EKI Energy’s profound expertise and leadership in climate change, identifying them as the perfect collaborator for this ambitious venture.

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“We are partnering with EKI Energy because of their experience, so they can guide us and foster robust development in the sector,” stated Dr. Agyepong.

In a commitment to nurturing future leaders in climate studies, Dr. Agyepong also announced the provision of scholarships for 10 individuals interested in pursuing studies in climate change this year.

Mr. Manish Dabkara, Chief Executive Officer of EKI Energy Services Limited, assured strong support in attracting carbon investments for JGC. With a remarkable track record of supplying over 200 million offsets, he highlighted his company’s technical knowledge and experience to deliver on its mandate.

Witnessing the ceremony, Dr. Henry Kokofu, Executive Director of the Environmental Protection Agency (EPA), lauded the collaboration as a transformative milestone that will position Ghana prominently on the global map. He commended JGC and its Chairman for the bold initiative in investing and leveraging possibilities in the climate change space.

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“This is one of the legacies of President Akufo-Addo, who has championed private sector participation in the climate change arena,” remarked Dr. Kokofu, commending the Jospong Group for taking the lead where others hesitated.

EKI Energy Services Ltd. (EKI), a leading Carbon Credit Developer & Supplier globally listed on the Bombay Stock Exchange (BSE), brings over 15 years of experience as a market leader in climate change, carbon offset solutions, and carbon asset management. Operating in 16 countries with over 3500 clients worldwide, EKI’s collaboration with JGC promises transformative impacts.

The Jospong Group of Companies, a diversified holdings company in Ghana, operating across 14 sectors of the economy, has a significant presence in Waste Management, ICT, Banking, as well as Automobile and Equipment. The company’s operations extend to other African countries and Asia, reflecting a commitment to sustainable growth and development.

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