Africa cannot rely on government budgets alone to finance climate ambitions – Deputy Finance Minister

Speaking at the opening of the Green Climate Fund’s Regional Dialogue for West and Central Africa in Accra, Mr Nyarko Ampem said governments were already stretched by competing demands for public funding, from education and healthcare to infrastructure and social protection, while climate change was adding further financial pressures.

Green Climate Fund Director for the Africa Region, Catherine Koffman, said the Fund has so far committed about $20 billion towards its $50 billion target for 2030, representing roughly 40 percent of the target.

Ms Koffman said the GCF was working towards its $50 billion financing target by 2030, with a significant share of its commitments expected to support climate action in Africa, particularly in the West and Central Africa region.