Ghana has launched a new Green Project Preparation Facility (GPPF) to attract private investment into climate-resilient infrastructure projects and expanding access to climate finance.
The facility, launched in Accra by Financial Sector Deepening (FSD) Africa, the British High Commission and the Ghana Infrastructure Investment Fund (GIIF), has secured an initial £5 million commitment from the UK Government.
The initiative seeks to address Ghana’s infrastructure financing gap by supporting the development of investment-ready, climate-aligned projects capable of attracting local and international capital.
Chief Executive Officer of GIIF, Nana Dwemoh Benneh, described the facility as a strategic intervention that will strengthen project preparation across both the public and private sectors while helping to unlock much-needed climate finance.
According to him, although there is strong investor interest in infrastructure development, many projects fail to attract funding because they are not adequately prepared to meet the requirements of financiers and development partners.
“We mobilise capital from both local and international investors for key infrastructure projects. However, we have identified a gap in the market, where many projects have not undergone the necessary preparation to attract international funders and co-investors. This facility will provide funding support to project developers to prepare bankable projects,” he said.
Deputy British High Commissioner to Ghana, Terri Sarch, emphasised the importance of partnerships in mobilising resources for sustainable infrastructure development.
“Financing green and climate-friendly infrastructure requires collaboration. It takes governments, development partners and the private sector working together to deliver the scale of investment needed,” she noted.
Chief Executive Officer of FSD Africa, Mark Napier, welcomed the launch, describing it as a significant milestone for Ghana’s climate finance ecosystem.
He said the facility would help build a pipeline of investable projects while strengthening collaboration among stakeholders seeking to finance sustainable infrastructure.
“What we are launching today is not just a facility; it is catalytic infrastructure that can unlock further investment and support Ghana’s long-term climate and development ambitions,” he said.
Stakeholders believe the Green Project Preparation Facility will play a critical role in de-risking infrastructure projects, improving project readiness and attracting greater private sector participation in Ghana’s transition to a climate-resilient economy.
