Ghana urges bankable green projects at COP31
Minister Seidu Issifu called for concrete outcomes from China-Africa climate commitments at the Antalya conference.
Ghana has urged for stronger efforts to transform China-Africa green development commitments into bankable projects with mobilised financing. Minister of State for Climate Change and Sustainability, Seidu Issifu, made the call on Wednesday at the Ghana Pavilion during the 31st United Nations Climate Change Conference (COP31) in Antalya, Turkey.
Mr Issifu highlighted China’s pledge under the FOCAC Beijing Action Plan to support 30 clean energy and green development projects across Africa. He stressed that success depends on translating these pledges into viable projects capable of attracting investment and delivering measurable benefits, noting Ghana's selection to receive financial support from the Global South.
The Jospong Group's General Manager for Green Transition, Dr Glen Gyimah, stated that Ghana would host the secretariat for participating countries receiving this support. This funding aims to facilitate electric technology, green industrialisation, climate-smart agriculture, and water security initiatives, with Ghana seeking to convert its climate vulnerability into a bankable pipeline budget.
Why it mattersGhanaian institutions and the private sector can now access funds to develop bankable green budgets for climate resilience projects.