Private capital must lead Ghana’s green industrial push – Finance leaders

They explained that Ghana’s objective to building sustainable business and attracting green finance that incorporated the country’s climate transition ambition could not be financed by public budgets and donor funds alone, calling for more private capital.

The UN Resident Coordinator for Ghana, Zia Choudhury, said while Ghana had shown strong policy momentum on climate and sustainable development, the scale of investment required for a green industrial transition far exceeded what public finance could provide.

Speakers at the summit noted the importance of public budgets and Official Development Assistance (ODA) in funding Ghana’s climate ambitions, citing private capital as the missing link for bankable green projects.