Ghana to launch green financing guideline for climate investment, projects

Ghana is set to launch the first phase of its Green Finance Taxonomy, a multi-phase framework designed to guide investments towards sustainable and climate-resilient projects.The launch would happen at the 2024 Sustainable Development Goals (SDGs) Investment Fair on Wednesday, October 9, on the theme: 'Unlocking Green Growth: Financing the Future through Sustainable Investments.'The guideline is a crucial step in advancing Ghana's green growth agenda, helping the country to meet its climate action commitments under the Paris Agreement.At the 2024 SDGs Investment Fair, key stakeholders would explore how Ghana's new taxonomy can accelerate the transition to a climate-resilient economy.The event would identify sustainable economic activities and establish a technical screening criterion for evaluating investments that support renewable energy, sustainable agriculture, green urban development, biodiversity conservation and ecotourism.It would bring together key stakeholders from the financial sector, g overnment agencies, businesses, academia, Civil Society Organisations (CSOs) and international partners.Dr Mohammed Amin Adam, Minister of Finance, and Mr Yofi Grant, Chief Executive Officer (CEO) of the Ghana Investment Promotion Centre (GIPC) are expected to deliver speeches at the event.Country Directors of technical partners from GIZ, the Tony Blair Institute, the United Nations Country Office, the Commonwealth and Development Office (FCDO), and FSD Africa would also be present at the event.Source: Ghana News Agency