Kimberly Rosen<\/strong><\/p>\n\u00a0<\/p>\n
A climate financing conference has begun in Accra highlighting the pressing need to bolster climate funds to achieve the country\u2019s Nationally Determined Conditions (NDCs).<\/p>\n
The three-day conference which commenced on Tuesday, February 20, 2024 on the theme, \u201cClimate financing in Ghana: Mobilizing Resources For Adaptation and Mitigation\u201d forms part of the U.S. Agency for International Development (USAID) Feed the Future activities.<\/p>\n
It brought together stakeholders including policy makers and development partners as well as farmers to deliberate and share ideas on climate financing.<\/p>\n
USAID Mission Director, Kimberly Rosen, speaking at the conference, said climate change is a global crisis that affects 17 African countries out of the world\u2019s 20 most climate-vulnerable countries.<\/p>\n
Ms. Rosen indicated that climate change disproportionately impacts people living in poverty, and those who are marginalized stressing that responding to the climate crisis will protect valuable natural resources and create opportunities for the rural poor to adapt and benefit from new approaches and economic opportunities.<\/p>\n
The USAID Mission Director, touching on Ghana\u2019s progress said the country is already a leader in combating climate change.<\/p>\n
\u201cGhana is the second country in Africa to receive payments from the World Bank trust fund for reducing emissions from deforestation and forest degradation.<\/p>\n
Ghana has committed to 31 mitigation and adaptation actions across seven economic sectors in its Nationally Determined Contributions, or NDCs. The NDCs have been instrumental in outlining Ghana\u2019s comprehensive framework for climate action,\u201d she said.<\/p>\n
Ms. Rosen, however, noted that the resources required to implement these goals remain a critical concern.<\/p>\n
Ghana is receiving an average of below 10% of the required investments to finance climate change programmes.<\/p>\n
\u201cAccording to the United Nations Framework Convention on Climate Change, climate finance flows in Ghana averaged only 5-9 percent of the required investment,\u201d she said.<\/p>\n
She said the country\u2019s economy relies heavily on agriculture, thus building resilience is crucial for food security, poverty reduction, and economic growth, especially for the country\u2019s growing population.<\/p>\n
\u201cTo improve Ghana\u2019s agriculture and food systems, we need new funding models and partnerships to attract investments in climate-friendly solutions,\u201d she added.<\/p>\n
Ms Rosen said the initiatives USAID supports in the country are already working to address credit constraints and climate change effects in the country\u2019s agriculture sector.<\/p>\n
\u201cUSAID\u2019s bottom line goal is to help farmers grow more food, even in the face of longer droughts, changing rain patterns, and more intense heat, flooding, and pests.<\/p>\n
Together we can unlock climate capital to build a more climate resilient agricultural sector in Ghana,\u201d she said.<\/p>\n
By Jamila Akweley Okertchiri<\/strong><\/p>\n\n\t<\/div>\n","protected":false},"excerpt":{"rendered":"
Kimberly Rosen \u00a0 A climate financing conference has begun in Accra highlighting the pressing need to bolster climate funds to achieve the country\u2019s Nationally Determined Conditions (NDCs). The three-day conference which commenced on Tuesday, February 20, 2024 on the theme, \u201cClimate financing in Ghana: Mobilizing Resources For Adaptation and Mitigation\u201d forms part of the U.S. […]<\/p>\n","protected":false},"author":1,"featured_media":154754,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-154752","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"\n
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