Ghana Secures $1 Billion Climate Financing Deal

Accra, Ghana – 2 August, 2025 – Ghana has successfully secured $1 billion in climate financing to drive its green transition agenda, according to John Abdulai Jinapor, Minister for Energy and Green Transition. The funding will support key projects, including the Scaling-up Renewable Energy Program (SREP) and the Forest Carbon Partnership Facility (FCPF), as well as developing a project pipeline through the Green Climate Fund (GCF) and the Ghana Climate Innovation Centre.

The country's newly approved five-year Renewable Energy and Green Transition Action and Investment Plan aims to deliver high-impact interventions to accelerate sustainable energy. The plan targets Renewable Energy Capacity to increase Ghana's renewable energy capacity to at least 1,400 megawatts and to achieve 99.98% access to electricity nationwide by 2030.

The Mahama administartion has established the Renewable Energy and Green Transition Investment Fund to support transformative projects, unlock private capital, and promote innovation, research, and development. Ghana is also collaborating with international partners, including the International Solar Alliance and the World Bank, for capacity building and to establish Centres of Excellence focused on developing human capital for the energy transition.

Mr. Jinapor in a speech read on his behalf by Seth A. Mahu, the Director of Renewable Energy and Green Transition at the Ministry, at a forum organised by the University of Energy and Natural Resources (UENR) in Sunyani also emphasized that the government was also investing in technical and vocational education to equip young people with skills in renewable energy, electrical systems, green construction and clean mobility, saying selected training centres were transforming to become regional hubs for green technologies.

Source:Lead News Online