Ghana calls for China-Africa green projects to attract financing
By the AFREEQUE newsroom, based on Ghanaian Times
Illustrative image · Mukhtar Shuaib Mukhtar · Pexels · Licence PexelsGhanaian minister Seidu Issifu calls for China-Africa green commitments to be turned into bankable projects capable of attracting investment. He was speaking at COP31 in Antalya, Turkey, about the Beijing Action Plan 2025-2027, which provides for 30 clean energy and green development projects in Africa.
Ghana is calling for green cooperation commitments between China and Africa to be turned into bankable projects and concrete investments. Minister of State for Climate Change and Sustainability Seidu Issifu made the call on Wednesday at the opening of a high-level meeting at the Ghana Pavilion at COP31 in Antalya, Turkey, according to the Ghanaian Times.
Seidu Issifu recalled that the Beijing Action Plan 2025-2027 of the Forum on China-Africa Cooperation (FOCAC) provides for 30 clean energy and green development projects in Africa. He said their success would depend on the ability of countries and their partners to turn the commitments into projects capable of attracting financing and producing measurable results.
Ghana is one of five countries, along with Pakistan, Bangladesh, Sri Lanka and Gambia, selected to receive financial support from the Global South, notably to strengthen their climate resilience. Ghana is to host the secretariat of the initiative, according to Glen Gyimah, director general of green transition at Ghanaian group Jospong.
Glen Gyimah also said financing should support electrification, green industrialisation, climate-smart agriculture and value chains, as well as resilience and water security. He referred to a $3.2 billion allocation for the coalition, to be structured into bankable projects.
