FSD Africa, the British High Commission, and the Ghana Infrastructure Investment Fund (GIIF) have launched a Green Project Preparation Facility (PPF). This new initiative aims to prepare climate-resilient infrastructure projects for investment. It will also help bridge Ghana's significant infrastructure financing gap.
The facility, launched in Accra, is designed to build a pipeline of investment-ready green projects. It seeks to reduce project development risks and mobilize private capital. The UK Government has committed an initial £5 million, equivalent to approximately GHS 75 million, to capitalize the facility. FSD Africa will host and manage the PPF in partnership with GIIF.
This launch aligns with Ghana's broader economic strategy to attract foreign direct investment and address climate change impacts. Ghana faces increasing climate-related risks, including changing rainfall patterns and rising sea levels. These threats endanger vital sectors like infrastructure, energy systems, and agriculture. The country's economic stability relies heavily on climate-sensitive industries. For example, about one-third of Ghana's electricity generation depends on hydropower. More than 40 percent of the workforce relies on climate-sensitive agriculture.
Mr. Nana Dwemoh Benneh, the Chief Executive Officer of GIIF, described the initiative as timely and strategic. He stated that the partnership would help develop a strong pipeline of bankable, climate-resilient, and investment-ready infrastructure projects. These projects are capable of attracting private sector financing. Strengthening project preparation in both public and private sectors will unlock climate finance and accelerate Ghana's transition to a resilient, low-carbon economy.
Ms. Terri Sarch, the British Deputy High Commissioner in Accra, reaffirmed the United Kingdom's commitment. She emphasized supporting Ghana's economic development through climate-resilient infrastructure. The Green Project Preparation Facility will transform viable Ghanaian projects into investment-ready opportunities. It will also unlock finance to address the country's growing climate challenges.
Mr. Mark Napier, Chief Executive Officer of FSD Africa, expressed the organization's pleasure in hosting the facility. He hopes the initiative will mobilize domestic private capital for strategic infrastructure projects. This will strengthen climate resilience and add value to the Ghanaian economy.
The PPF is open to public and private sector developers of climate-aligned infrastructure projects. These include renewable energy, transport, water and waste management, housing, urban infrastructure, and social infrastructure. Projects will be assessed based on their climate impact, financial viability, and ability to attract investment. An initial pilot group is already under preparation through a transparent appraisal process involving GIIF and other Ghanaian stakeholders. This facility is expected to expand over time with additional support from other development partners, further solidifying Ghana's position in green finance.