Ghana’s economy remains vulnerable to climate change and its attendant effect on sustainable development and inclusive growth. Carbon emissions have doubled over the last two decades, leading to high food insecurity and the prevalence of extreme weather events such as flooding. Already, about ten percent of the population is food insecure, and urban areas are susceptible to flooding.
The government is racing behind time to raise the requisite financing to implement all the forty-seven (47) mitigation and adaptation measures critical to realizing Ghana’s commitment to the Paris Agreement and Sustainable Development Goal 13. The current fiscal consolidation measures pursued by the government and additional expenditure cuts that may follow an IMF programme could further worsen the already low government spending on adaptation and mitigation measures.
In addition, weak climate governance reforms, limited access to finance, and low awareness of available international climate finance opportunities for climate-smart enterprises continue to hold back private sector investment in Ghana’s climate action. Thus, a bundle of reforms will be required to bridge the existing climate finance gap in Ghana. Imani Centre for Policy and Education has critically examined both the domestic and international climate finance landscape to identify feasible pathways to securing climate finance amid the fiscal crisis.
We are pleased to invite you to a consultative dialogue to share the insights from the analysis. A panel of experts, private sector actors, and government representatives will discuss the findings and learn more about the government’s climate finance strategies under the current economic circumstances.
Kindly find below details of the event.
Date: 26th April 2023
Venue: Tang Palace Hotel, Roman Ridge.
Time: 10:00 AM.
Please email info@imanighana.org to confirm participation.
