Gov’t to Launch First Phase of Green Finance Taxonomy; Aims to Accelerate Transition to Climate-Resilient Economy
Ghana will launch the first phase of its Green Finance Taxonomy at the 2024 Sustainable Development Goals (SDGs) Investment Fair today, October 9, 2024.
This significant step marks the beginning of a multi-phase framework aimed at steering capital towards sustainable, climate-resilient projects, underscoring the country’s commitment to meeting climate goals outlined in the Paris Agreement.
The SDGs Investment Fair, themed “Unlocking Green Growth: Financing the Future through Sustainable Investments,” will bring together a diverse range of stakeholders, including representatives from the financial sector, government, businesses, academia, civil society organizations (CSOs), and international partners.
The event will focus on how Ghana’s new taxonomy can serve as a tool for advancing the transition to a climate-resilient economy.
As part of the launch, the framework will outline key sustainable economic activities and set technical criteria for evaluating investments in sectors such as renewable energy, sustainable agriculture, green urban development, biodiversity conservation, and ecotourism.
By doing so, the taxonomy will offer a structured approach to channel investment into areas that promote sustainability and long-term environmental resilience.
The fair will also feature discussions and workshops designed to share insights from the successful implementation of green finance taxonomies in other regions.
Participants will explore the potential impact of the Ghana Green Finance Taxonomy on the country’s ambitions to position itself as a hub for green investments in Africa.
Speeches from key government and institutional figures, including Ghana’s Minister for Finance, the CEO of the Ghana Investment Promotion Centre (GIPC), and representatives from global partners like GIZ, the Tony Blair Institute, the UK Foreign, Commonwealth & Development Office (FCDO), and FSD Africa, will highlight the role of international cooperation in Ghana’s green finance initiative.
