Ghana sets up new centre for climate financing

The Ghanaian government late Friday launched a new centre to improve boost climate financing.

   The new Climate Financing Division at the Ministry of Finance, formed from the nucleus of the erstwhile natural resource, environment, and climate change unit, will coordinate at the national level and boost Ghana’s climate resilience, said Finance Minister Mohammed Amid Adam, during the launching.

Adam said the division would also help in mainstreaming climate financing into public and development financing.

  He stated that the global financing architecture was moving fast toward green and climate financing and Ghana must not be left behind.

   The minister said the climate finance division would, therefore, elevate Ghana’s climate finance initiatives and enable the country to attract international funding, partner with domestic and external private sector investors, and implement projects that promote green growth.

   Moreover, he said the new division would serve as the central pillar around which Ghana would build and implement its climate financing strategies.

   This division would allow us to attract the necessary expertise, provide strategic leadership, and ensure greater focus and visibility for climate finance within the ministry and across the government, added the minister.

   “Through this approach, we are aligning our institutional structures and capacities to meet the requirements of the global climate finance landscape to unlock more sustainable financing for green growth,” Adam added.

   He stressed that climate resilience is not just an environmental goal but fundamental to sustainable development and long-term economic prosperity.

   “By leveraging innovative financing tools, we can build an ecosystem conducive to climate action, driving financial resources toward climate-resilient growth,” the minister added.