Ghana will need an estimated $22.6 billion, according to Minister of State for Climate Change and Sustainability Seidu Issifu, in order to successfully address the nation’s climate-related needs and carry out sustainable environmental interventions meant to safeguard communities and increase climate resilience.
Speaking at the Government Accountability Series, the minister emphasised that Ghana cannot mobilise the resources required to address the increasing effects of climate change on its own and highlighted the massive financial obligations involved with climate adaptation and mitigation initiatives.
The minister states that in order to obtain the funding required to forward its climate agenda and other development initiatives, the government is thus mainly depending on strategic international partnerships and collaborations.
Seidu Issifu clarified that in an effort to get climate funding and assist vital environmental projects throughout the nation, his ministry is actively interacting with development partners, especially the European Union.
“We cannot do it alone. Ghana requires about $22.6 billion to take care of its climate needs.”
“We cannot raise it by ourselves. We need strategic partners to be able to do that. And I work closely with the EU.”
“These are things that we share with them. And that is how we can contribute to the basket to assist the government to raise climate funding to prosecute these development agendas,” the minister explained
Source: newsthemegh.com