FSD Africa, the British High Commission, and the Ghana Infrastructure Investment Fund (GIIF) have launched a Green Project Preparation Facility (PPF). The UK Government provided an initial commitment of GBP 5 million (approximately GHS 80.5 million) for this facility. This platform aims to prepare climate-aligned projects for investment, bridging Ghana’s infrastructure financing gap.
The PPF will build a strong pipeline of green infrastructure projects. It seeks to reduce development risk and speed up the time to financial close. The facility will also attract private capital and strengthen national delivery systems. FSD Africa will host and manage the PPF, partnering with GIIF.
This initiative fits into Ghana’s broader economic strategy to attract investment into critical infrastructure. Ghana faces significant climate impacts, including changing rainfall, rising sea levels, and increased floods. About one-third of Ghana’s electricity comes from hydropower, which is vulnerable to drought. Over 40% of the workforce depends on climate-sensitive agriculture. Therefore, investing in climate-resilient infrastructure is a key development priority for the nation.
Mr. Nana Dwemoh Benneh, Chief Executive Officer of GIIF, highlighted the strategic importance of the facility. He stated, “The PPF is both timely and strategic.” The facility will help develop “bankable, climate-resilient, and investment-ready infrastructure projects.” This collaboration can unlock much-needed climate and infrastructure finance and attract private capital.
The PPF operates in sectors including renewable energy, waste and water management, urban infrastructure, and transport. It also covers housing and social infrastructure. Further financial support from other development partners is expected to boost its size. The facility is open to both public and private sector developers. Projects will be evaluated based on their climate impact, financial viability, and potential to attract investment.
Ms. Terri Sarch, British Deputy High Commissioner to Ghana, confirmed the UK’s long-standing commitment. She emphasised that climate-resilient infrastructure is vital for shared prosperity. She said the UK-Ghana partnership helps turn “strong Ghanaian ideas into investable projects.” A pilot group of projects is already under preparation. The full pipeline will be developed through a clear appraisal process with GIIF and other Ghanaian stakeholders. This facility helps improve Ghana’s ability to tackle climate change challenges.