FSD Africa, in partnership with the Ghana Infrastructure Investment Fund (GIIF) and the British High Commission, has launched a Green Project Preparation Facility (PPF) to accelerate investment in climate-resilient infrastructure and unlock private capital for Ghana’s green transition.
The facility, launched in Accra with an initial £5 million commitment from the UK Government under the UK–Ghana Growth Partnership, is expected to address one of the country’s biggest infrastructure financing challenges by preparing climate-aligned projects to become investment-ready.
The PPF will support the development of a pipeline of bankable projects, reduce project preparation risks and shorten the time required to achieve financial close, making it easier to attract both domestic and international investors.
Chief Executive Officer of GIIF, Nana Dwemoh Benneh, described the initiative as a strategic intervention that would strengthen Ghana’s climate investment ecosystem and accelerate the country’s transition to a low-carbon economy.
“The PPF presents a significant opportunity to develop a robust pipeline of bankable, climate-resilient infrastructure projects that will unlock climate finance, crowd in private capital and support sustainable economic growth,” he said.
The Presidential Advisor on the 24-Hour Economy and Accelerated Export Development Programme, Goosie Tannoh, said the facility aligns with government’s broader strategy of mobilising private and concessional financing for critical infrastructure projects.
He noted that one of the key objectives of the 24-Hour Economy Secretariat is to leverage private investment to finance projects that cannot be funded solely through the national budget.
Mr. Tannoh expressed confidence that the initiative would significantly strengthen Ghana’s sustainable development agenda by supporting climate-resilient infrastructure.
Deputy British High Commissioner to Ghana, Terri Sarch, reaffirmed the United Kingdom’s commitment to supporting Ghana’s economic transformation through sustainable infrastructure investment.
According to her, the facility will help transform viable Ghanaian infrastructure concepts into investment-ready projects capable of attracting long-term financing while improving the country’s resilience to climate change.
Chief Executive Officer of FSD Africa, Mark Napier, said the organisation was pleased to deepen its partnership with Ghana and expressed optimism that the facility would mobilise domestic private capital into strategic infrastructure projects that strengthen climate resilience.
The Green Project Preparation Facility is open to both public and private sector project developers and will focus on sectors including renewable energy, transport, urban infrastructure, waste and water management, housing and social infrastructure.
Projects will be evaluated based on their climate impact, commercial viability and investment readiness.
An initial batch of pilot projects is already under development, while additional projects will be selected through a transparent appraisal process involving GIIF and other Ghanaian stakeholders.
The initiative comes at a time when Ghana faces increasing climate-related risks, including erratic rainfall, flooding and rising sea levels, which continue to threaten infrastructure, agriculture and energy production.
Stakeholders believe the new facility will help bridge Ghana’s infrastructure financing gap, strengthen climate resilience and position the country to attract greater volumes of sustainable investment in the years ahead.
Source: businesspostonline
