Ghana has officially launched the Green Project Preparation Facility (PPF) in Accra, backed by an initial £5 million commitment from the United Kingdom (UK) Government. This facility aims to transform climate-aligned infrastructure ideas into projects ready for investment. The launch stems from a partnership between FSD Africa, the British High Commission, and the Ghana Infrastructure Investment Fund (GIIF).
This new initiative seeks to bridge Ghana's infrastructure financing gap and speed up the development of projects that can withstand climate change. The facility will help create a strong pipeline of financially viable green infrastructure projects. It also aims to reduce risks in developing these projects and shorten the time to secure funding.
This effort fits into Ghana's broader economic strategy to attract private capital into key sectors. Ghana faces significant climate change challenges, such as unpredictable rainfall, rising sea levels, and frequent flooding. These issues stress critical infrastructure, energy systems, and agricultural production. With approximately one-third of Ghana's electricity coming from hydropower and over 40 percent of its workforce in agriculture, climate shocks pose serious threats to economic growth and livelihoods.
Nana Dwemoh Benneh, Chief Executive Officer of GIIF, described the initiative as a timely intervention. He stated that it would significantly boost Ghana’s climate investment agenda. He also noted that the facility would enhance project preparation capabilities across both public and private sectors. This will unlock crucial climate and infrastructure financing while attracting private capital into strategic projects.
The facility is expected to grow over time with support from additional development partners. Its primary goal is to mobilise greater private sector investment into green infrastructure. This includes areas such as renewable energy, water and waste management, transport, and urban development. An initial group of projects is already undergoing preparation, with more projects to be selected through a clear appraisal process involving GIIF and other Ghanaian stakeholders.
Terri Sarch, British Deputy High Commissioner to Ghana, reaffirmed the UK’s commitment to supporting Ghana’s economic development. She explained that the UK-Ghana partnership aims to turn shared goals into practical results. The facility will help convert promising Ghanaian project ideas into ventures capable of attracting much-needed funding. This initiative underscores the importance of resilient infrastructure in a changing climate.
Mark Napier, Chief Executive Officer of FSD Africa, called the launch a major step forward for Ghana’s climate finance ecosystem. He expressed confidence that the facility would help attract domestic private capital. This capital will fund projects that strengthen economic growth and climate resilience. The facility is open to both public and private sector developers working on climate-focused infrastructure projects.