The African Water Facility (AWF) has granted 165,000 euros (US$199,590) to help establish the Volta Basin Authority (VBA) to manage the Volta River Basin and promote strategic water resources development, including hydropower.
AWF Director Kordje Bedoumra and Burkina Faso Finances and Budget Minister Jean-Baptiste M.P. Compaore signed the grant agreement April 7 in Ouagadougou.
Bedoumra said the grant is crucial to creation of a convention between the six Volta riparian countries, Burkina Faso, Ghana, Cote d’Ivoire, Togo, Benin, and Mali.
As an inter-governmental agency, VBA’s main task will be to manage the basin, promote strategic water resources planning and development, and create synergy among stakeholders across national borders.
AWF said the Volta is a major river in West Africa with significant potential for enhanced regional development related to hydropower, agriculture, and other economic activities.
AWF is an initiative led by the African Ministers’ Council on Water to mobilize financial resources for water sector development in Africa. It is sponsored and managed by the African Development Bank.