Ghana is set to unveil the first phase of its Green Finance Taxonomy at the 2024 Sustainable Development Goals (SDGs) Investment Fair, scheduled for Wednesday, October 9, 2024.
The landmark event, themed "Unlocking Green Growth: Financing the Future through Sustainable Investments," will convene stakeholders from various sectors including finance, government, business, academia, civil society, and international development partners.
The Green Finance Taxonomy is a critical step in Ghana’s effort to accelerate its transition to a climate-resilient economy.
It provides a structured framework to guide investments into projects that align with sustainability goals, particularly in sectors such as renewable energy, sustainable agriculture, green urban development, biodiversity conservation, and ecotourism.
This launch signifies the beginning of a multi-phase initiative designed to direct capital towards green projects, aiding Ghana in meeting its climate commitments under the Paris Agreement.
Key discussions at the event will focus on the taxonomy's role in identifying sustainable economic activities and establishing technical screening criteria to assess investment opportunities.
The Fair will also offer workshops on the application of similar frameworks in other countries, underscoring how Ghana's taxonomy could position the nation as a hub for green investment in Africa.
High-profile speakers at the event will include the Minister of Finance, the CEO of the Ghana Investment Promotion Centre (GIPC), and representatives from leading technical partners like the German Development Cooperation (GIZ), the Tony Blair Institute, the UK Foreign, Commonwealth & Development Office (FCDO), and FSD Africa.
The event is expected to attract significant interest from international development partners, including the United Nations, as Ghana steps up its efforts to secure sustainable investment for the future.
Story by: Joshua Kwabena Smith
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