GRIDCo was established in accordance with the Energy Commission Act, 1997 (Act 541) and the Volta River Development (Amendment) Act, 2005 Act 692, which provides for the establishment and exclusive operation of the National Interconnected Transmission System by an independent Utility and the separation of the transmission functions of the Volta River Authority (VRA) from its other activities within the framework of the Power Sector Reforms.
GRIDCo was incorporated on December 15, 2006 as a private limited liability company under the Companies Code, 1963, Act 179 and granted a certificate to commence business on December 18, 2006. The company became operational on August 1, 2008 following the transfer of the core staff and power transmission assets from VRA to GRIDCo.
GRIDCo’s main functions are to:
The establishment of GRIDCo is intended to develop and promote competition in Ghana's wholesale power market by providing transparent, non-discriminatory and open access to the transmission grid for all the participants in the power market particularly, power generators and bulk consumers and thus bring about efficiency in power delivery.