The Jospong Group of Companies, a diversified holding company owned and led by Ghanaian businessman Joseph Siaw Agyepong, has signed a memorandum of understanding (MoU) with EKI Energy Services, a prominent Indian carbon credit developer and supplier.
The strategic partnership, which is expected to reshape Ghana’s carbon credit landscape, aims to accelerate carbon credit development in the country, with a commitment to creating more than 1,000 job opportunities by 2030 across Ghana and West Africa.
Under the terms of the agreement, the collaboration between Jospong Group and EKI Energy Services seeks to mobilize $1 billion in carbon credit financing. Leveraging EKI Energy’s global leadership in climate change solutions, carbon offset initiatives, and asset management, the partnership aspires to make a substantial economic impact in the region.
Jospong Group Chairman Joseph Siaw Agyepong expresses confidence in strategic partnership with EKI Energy
Agyepong, chairman of Jospong Group and one of Ghana’s leading businessmen and wealthiest individuals, expressed confidence in the alliance with EKI Energy during the signing ceremony held in Accra.
Agyepong highlighted the collaborative focus on technical, financial, and developmental aspects, stating, “We are partnering with EKI Energy because of their experience, so they can hand-hold us and propel strong development in the sector.”
In addition to the billion-dollar deal, Agyepong announced the provision of scholarships for 10 individuals interested in pursuing studies on climate change this year, demonstrating the commitment to nurturing future leaders in the field.
Beyond borders: Jospong Group’s pan-African and Asian impact across 14 industries
Founded in 1995 as a printing press, Jospong Group has evolved into a diversified holdings company operating across 14 sectors of the economy. With a significant presence in Waste Management, ICT, Banking, Automobile, and Equipment, the group’s operations extend beyond Ghana to other African countries and Asia.
The Jospong Group under the leadership of Agyepong made headlines nearly seven months ago with the official commissioning of a state-of-the-art wastewater treatment plant in Tamale, Ghana’s fourth-largest city.
The €20-million ($22.07 million) facility, funded by the Hungarian government and managed by Sewerage Systems Ghana Limited, a subsidiary of Jospong Group, showcased the company’s commitment to innovative and sustainable solutions in the environmental sector.