A group photo of dignitaries at the event
A new initiative aimed at closing the country’s infrastructure financing gap and accelerating climate-resilient development has been launched in Accra through a partnership between FSD Africa, the British High Commission and the Ghana Infrastructure Investment Fund (GIIF).
The Green Project Preparation Facility (PPF), which was officially unveiled on Tuesday, is designed to transform climate-aligned infrastructure concepts into investment-ready projects capable of attracting both local and international financing.
The facility, which has been initially capitalised with a £5 million commitment from the United Kingdom Government, was first announced during President John Dramani Mahama’s recent visit to the UK as part of the UK-Ghana Growth Partnership.
Hosted and managed by FSD Africa in collaboration with GIIF, the facility is expected to expand over time with support from additional development partners.
Its primary objective is to build a strong pipeline of bankable green infrastructure projects, reduce project development risks, shorten the time required to secure financing and mobilise greater private sector investment.
Chief Executive Officer (CEO) of GIIF, Nana Dwemoh Benneh, described the initiative as a timely intervention that could significantly boost Ghana’s climate investment agenda.
He said the facility would strengthen project preparation capabilities across both the public and private sectors, helping to unlock critical climate and infrastructure financing while attracting private capital into strategic projects.
According to him, the partnership between GIIF and FSD Africa would contribute to the development of climate-resilient and investment-ready infrastructure projects that support Ghana’s transition to a low-carbon and sustainable economy.
British Deputy High Commissioner to Ghana, Terri Sarch, reaffirmed the UK’s commitment to supporting Ghana’s economic development through climate-resilient infrastructure.
She noted that the UK-Ghana partnership seeks to translate shared ambitions into practical outcomes and said the facility would help convert promising Ghanaian project ideas into investable ventures capable of attracting much-needed financing.
Ghana continues to face increasing climate-related challenges, including erratic rainfall patterns, rising sea levels and frequent flooding, all of which place pressure on infrastructure, energy systems and agricultural production.
With approximately one-third of the country’s electricity generated from hydropower and more than 40 percent of the workforce engaged in agriculture, climate shocks pose significant risks to economic growth and livelihoods.
FSD Africa Chief Executive Officer, Mark Napier, described the launch as a major step forward for Ghana’s climate finance ecosystem.
He expressed confidence that the facility would help attract domestic private capital into 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 in areas such as renewable energy, water and waste management, transport, housing, urban development and social infrastructure. An initial group of projects is already undergoing preparation, with future projects to be selected through a transparent appraisal process involving GIIF and other Ghanaian stakeholders.
A Business Desk Report