The Jospong Group of Companies, owned and led by Ghanaian businessman Joseph Siaw Agyepong has entered into a partnership with EKI Energy Services, a leading Indian carbon credit developer and supplier to transform Ghana’s carbon credit market by speeding up carbon credit development in Ghana.
The deal will see a creation of over 1,000 jobs by 2030 across Ghana and West Africa.
They intend to raise $1 billion in carbon credit funding after which Agyepong would tap into EKI Energy’s global expertise in climate change solutions, carbon offset projects, and asset management.
Agyepong, Jospong Group’s chairman and one of Ghana’s top businessmen and richest individuals, expressed his confidence in the partnership with EKI Energy at the signing ceremony in Accra.
The deal will focus on technical, financial, and developmental aspects.
“We are partnering with EKI Energy because of their experience, so they can guide us and drive strong development in the sector,” said Agyepong.
Besides the billion-dollar deal, Agyepong also announced scholarships for 10 people who want to study climate change this year, showing his commitment to developing future leaders in the field.
Jospong Group started as a printing press in 1995, and has grown into a diversified holdings company that operates in 14 sectors of the economy. The group has a strong presence in Waste Management, ICT, Banking, Automobile, and Equipment, and its operations span beyond Ghana to other African countries and Asia.