Accra has hosted a capacity-building workshop to improve climate funding for the agriculture sector.
The two-day event also sought to raise awareness of the topic and promote dialogue on how the agricultural industry may use climate financing and adopt climate-resilient practices.
Additionally, the process for obtaining financial assistance through already-in-place institutions like the Green Climate Fund was explained to the attendees.
In addition, they discussed the changes in agriculture and food in the nation based on their experiences and knowledge.
The Global Green Growth Institute (GGGI) and the Office of the President's Sustainable Development Goals (SDGs) Advisory Unit coordinated it.
climate change funding
Climate funding, according to Felix Addai-Yobo, the SDGs unit's deputy director, is crucial to the battle against climate change.
He said that the workshop showed the government's dedication to the fight against climate change, which he claimed could be best accomplished by working with the business sector and multilateral organizations.
According to Addai-Yobo, the government and GGGI were collaborating closely to find prospective financing sources, accessing strategies for these monies, and methods for creating bankable projects that investors would be interested in.
However, he asked the general population to support the green agenda by utilizing water and energy more effectively, consuming less plastic, and making investments in recycling and reusing materials.
The government is a member of the United Nations Framework Convention on Climate Change and a party to it, according to Adwoa Fraikue, Chief Economic Officer of the Ministry of Finance.
Accordingly, she stated that the nation has started a number of projects that would result in the mainstreaming of climate change in its financial and economic policies.
"Ghana has moved on with creating its initiatives for execution.
The anticipated amount of money needed to carry out these ambitious plans, as indicated in the revised Nationally Determined Contribution Papers, ranges from $9.3 billion to $15.5 billion.
A total of $3.9 billion will be needed over the following seven years to execute 16 unconditional schemes, she continued.
more financiers
Dr. Malle Fofana, the GGGI's director for Africa, stated that stakeholders needed to comprehend how difficult it is to persuade the private sector to sponsor important initiatives.
Due to the current economic problems, he added, it was imperative for nations to focus more on the green agenda, and they also needed to be sure to include climate change issues in their national strategies.
Dr. Fofana expressed the expectation that nations will take advantage of the organization's experience to their advantage.
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