On 31 January in Accra, the Green Cities and Infrastructure Technical Assistance Programme for Ghana was announced at the ninth UK-Ghana Business Council.
The programme was announced at the ninth UK-Ghana Business Council meeting on 31 January in Accra, co-chaired by Vice President of Ghana, His Excellency, Dr. Mahamudu Bawumia and UK Minister for Development and Africa Rt. Honourable Andrew Mitchell MP. The event included detailed discussions on opportunities for cooperation between Ghana and the UK on climate and infrastructure finance.
As part of this high-level meeting, the Green Cities and infrastructure Programme (GCIP) was invited to provide expert input to highlight how the Programme could partner with the government of Ghana to mobilise climate finance for low-carbon, climate-resilient infrastructure and cities in the country. The meeting agreed to establish a Climate Finance Steering Committee to coordinate UK-Ghana operation on climate finance. GCIP will be taking a leading role on this committee.
Mobilising climate finance is a critical enabler in achieving low-carbon and climate resilient infrastructure and urban services. Ghana has already made important strides in delivering low-carbon climate resilient cities and infrastructure. However, much more needs to be done. Delivery of its Nationally Determined Contribution is estimated to require $9.3 billion to $15.5 billion in the period to 2030. This will require a step change in financial resource mobilisation, drawing on all actors – public, private, domestic and international.
GCIP’s partnership with the Government of Ghana provides it with a platform to be at the centre of making this a reality.
Next steps
Following the high-level meeting, GCIP held a technical workshop with Ministry of Finance officials to discuss international best practices in mobilising climate finance and their implications for Ghana. GCIP has now been asked by the Ministry of Finance to develop a detailed scope of work on climate finance, to be agreed as part of GCIP’s strategic programme of engagement in the country.
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The UK’s Green Cities and Infrastructure Programme will accelerate the delivery of sustainable green cities and climate-resilient infrastructure – tackling climate change and extreme poverty.
Published
12/03/24
