Ghana launches GHS 76 million Green Project Facility

    The Green Project Preparation Facility aims to unlock climate infrastructure investment in Ghana, starting with a £5 million UK government commitment.

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    Ghana launches GHS 76 million Green Project Facility

    Ghana has launched a new Green Project Preparation Facility (PPF) to boost investment in climate-resilient infrastructure across the country. The facility received an initial £5 million commitment, approximately GHS 76 million, from the UK government. This initiative aims to bridge Ghana's infrastructure financing gap by preparing climate-aligned projects for investment.

    FSD Africa, the British High Commission, and the Ghana Infrastructure Investment Fund (GIIF) formally launched the facility in Accra on June 18, 2026. This partnership will develop a strong pipeline of investment-ready green infrastructure projects. The PPF will reduce development risk and shorten the time needed for projects to secure funding. It also intends to mobilize private capital and strengthen Ghana’s national delivery systems for such projects.

    Ghana faces increasing climate impacts such as shifting rainfall patterns and rising sea levels. These changes pressure urban infrastructure, energy systems, and rural livelihoods. About one-third of Ghana’s electricity comes from hydropower, making it vulnerable to droughts. Over 40% of the workforce depends on agriculture, which is sensitive to climate changes. Consequently, investing in climate-resilient infrastructure is an urgent national priority. This facility directly addresses these vulnerabilities by focusing on sustainable development.

    Nana Dwemoh Benneh, CEO of GIIF, highlighted the facility's importance for Ghana’s climate investment agenda. He stated, “The PPF is both timely and strategic.” Benneh emphasized its potential to unlock much-needed climate finance and accelerate Ghana's transition to a low-carbon economy. The British High Commission also reaffirmed the UK's commitment to Ghana's economic development. Deputy British High Commissioner to Ghana, Terri Sarch, noted the PPF will help turn Ghanaian ideas into investable projects. This will improve Ghana's ability to tackle growing climate challenges.

    The PPF is open to both public and private sector developers working on climate-aligned infrastructure in Ghana. Projects will be evaluated based on their climate impact, financial viability, and ability to attract investment. Priority sectors include renewable energy, waste and water management, urban infrastructure, transport, housing, and social infrastructure. An initial group of pilot projects is currently being prepared. The full pipeline will be developed through a structured and transparent appraisal process. This process involves GIIF and other Ghanaian stakeholders. The facility expects to grow with support from other development partners in the future. Investment in sustainable infrastructure will create jobs and foster long-term economic stability.

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