The Government of Ghana and the United Nations Development Programme (UNDP) will host an Investment Forum on Ghana’s Nationally Determined Contributions (NDCs) from 18th to 19th March 2019 during the Africa Climate Week, which is slated from the 18th to 22nd March 2019 at the Accra International Conference Centre.
The two-day forum will discuss ways to crowd-in private sector investment for projects in Ghana that are financially viable, and that also deliver the climate solutions Ghana pledged in its Nationally Determined Contribution.
“Ghana needs about USD 22.6 billion investments from domestic and international public and private sources to finance its climate actions, starting from 2020. About USD 6.3 billion is expected to be mobilized from domestic sources and USD 16.3 billion will come from international support and this is the best time for us to discuss how to mobilize more investment”, Prof. Kwabena Frimpong-Boateng, Minister of Environment, Science, Technology and Innovation (MESTI) stated.
The forum will be a platform to discuss and showcase proven climate solutions and investment-ready climate action projects to attract support from all relevant stakeholders and mobilize investments for climate action in Ghana.
“Huge investment is required to tackle climate change globally, and this calls for innovative financing especially from the private sector to accelerate climate change adaptation and mitigation actions,” Gita Welch, Resident Representative of UNDP Ghana stated.
Discussion at the forum will focus on; scaling the need and investment opportunity for low-carbon transition, increasing climate project flow with innovative finance, [and] accelerating private sector investment.
Stakeholders from international/development organizations, government agencies, civil societies and academia are expected to participate in the forum.
Key speakers will include; Prof. George Gyan Baffour, Minister of Planning, Government of Ghana, Patricia Appiagye, Deputy Minister, Ministry of Environment, Science, Technology and Innovation (MESTI) John Pwamang, Acting Executive Director of Environmental Protection Agency (EPA) Alhassan Andani, Chief Executive of Stanbic Bank Ghana and President of the Ghana Association of Bankers.
Others include; Dr. Arona Soumare, Principal Climate Change and Green Growth Officer, African Development Bank, Paul Stevers, CEO Think Renewables Group, Daniel Rossetto, Founder, Paris Climate Bond and Albert Touna Mama, Resident Representative, International Monetary Fund.
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By: citinewsroom.com | Ghana
