{"id":236999,"date":"2024-10-22T13:27:58","date_gmt":"2024-10-22T13:27:58","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/10\/22\/ghana-requires-15billion-over-next-10-years-to-implement-climate-change-plan-finance-minister\/"},"modified":"2024-10-22T13:27:58","modified_gmt":"2024-10-22T13:27:58","slug":"ghana-requires-15billion-over-next-10-years-to-implement-climate-change-plan-finance-minister","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/10\/22\/ghana-requires-15billion-over-next-10-years-to-implement-climate-change-plan-finance-minister\/","title":{"rendered":"Ghana requires $15billion over next 10 years to implement climate change plan \u2013 Finance minister"},"content":{"rendered":"<p><\/p>\n<div>\n<p class=\"article-image\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.ghanaweb.com\/imagelib\/pics\/639\/63993538.295.jpg\" alt=\"Minister of Finance, Dr Mohammed Amin Adam\" title=\"Minister of Finance, Dr Mohammed Amin Adam\" width=\"295\" height=\"165\" \/> <span class=\"image_caption\"><span>Minister of Finance, Dr Mohammed Amin Adam<\/span><\/span><\/p>\n<\/div>\n<div style=\"-webkit-user-select: none; -webkit-touch-callout: none; -moz-user-select: none; -ms-user-select: none; user-select: none;\">\n<p id=\"article-123\">Ghana will require between $9.3billiin and $15billion over the next ten years to successfully implement its reference programme for climate action, the Minister of Finance, Dr Mohammed Amin Adam, has said.<\/p>\n<p>To this end, he noted, it had become more than imperative for a centralised point within the Min\u00adistry of Finance to coordinate and co-lead in the activities that would help raise the necessary finances, and implement activities of the cli\u00admate action plan to be established.<\/p>\n<p>\u201cThe fact is that all available scientific predictions assure us that changing and extreme climate is almost guaranteed. Already, we are seeing the impact on lives and the economy. This impact requires us, as the Ministry of Finance, to reimagine our \u2018business as usual model\u2019 and prepare to respond to the financing challenges associat\u00aded with the changing climate,\u201d he emphasised.<\/p>\n<p>Furthermore, Dr Adam indicat\u00aded this when he formally launched the Climate Financing Division of the Ministry of Finance in Accra on Friday.<\/p>\n<p>The new had been set up to effectively coordinate and co-lead in the Ministry\u2019s mobilisation of the necessary resources for the implementation of the climate action plan.<\/p>\n<p>It would also work to elevate all climate finance initiatives to enable the country to attract international funding, partner with domestic and external private sector investors as well as implement projects that promote green growth.<\/p>\n<p>Dr Adam also noted the Di\u00advision would serve as the central pillar around which the country builds and implement its climate financing strategies.<\/p>\n<p>\u201cIn fact, this Division would allow us to attract the necessary expertise, provide strategic leader\u00adship, and ensure greater focus and visibility for climate finance within the Ministry and across the govern\u00adment,\u201d he stressed.<\/p>\n<p>He said climate resilience was not just an environmental goal but also fundamental to the country\u2019s sustainable development and long-term economic prosperity.<\/p>\n<p>Moreover, the Minister men\u00adtioned that by leveraging innovative financing tools, we can an ecosys\u00adtem conducive to climate action, driving financial resources toward climate-resilient growth could be built.<\/p>\n<p>He therefore called on all stakeholders\u2014public and private sectors, international partners, and civil society to join the Ministry on the exciting new journey, adding that, \u201cTogether, we can ensure that Ghana emerges as a leader in climate financing and a champion of a sustainable future for all.\u201d<\/p>\n<p>The Chief Director of the Ministry of Finance, Eva Esselba Mends, on her partsaid the Ministry as an institution have had a history of dynamism and constant evolution.<\/p>\n<p>She stated that perception of the drastic changes in development finance in the early 2000s resulted in institutional reforms that re-posi\u00adtioned the Ministry to better deliver our mandate.<\/p>\n<p>This, she said, was demonstrat\u00aded by consolidation of the Interna\u00adtional Economic Relations Division (IERD) with the External Resource Mobilisation \u2013 Bilateral and Mul\u00adtilateral Divisions into the current External Resource Mobilisation and Economic Relations Division (ERMERD).<\/p>\n<p>In addition, she noted that the restructuring of Policy Analysis Division (PAD) into the current Economic Strategy and Research Division (ESRD) to respond to the developments in the real sector, including the oil, gas and petroleum industry, and ensure transparency in revenue reporting amply demon\u00adstrated how dynamic the ministry was.<\/p>\n<p>Ms Mends indicated that the creation of the Climate Financing Division was a step informed by the significant changes that were evidently around, stressing that, \u201cThis Division will not only be a symbol of our commitment to building a climate-resilient economy but also a practical instrument to drive positive change and facilitate Green Growth.\u201d<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Minister of Finance, Dr Mohammed Amin Adam Ghana will require between $9.3billiin and $15billion over the next ten years to successfully implement its reference programme for climate action, the Minister of Finance, Dr Mohammed Amin Adam, has said. To this end, he noted, it had become more than imperative for a centralised point within the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":227831,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-236999","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ghana requires $15billion over next 10 years to implement climate change plan \u2013 Finance minister - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/10\/22\/ghana-requires-15billion-over-next-10-years-to-implement-climate-change-plan-finance-minister\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ghana requires $15billion over next 10 years to implement climate change plan \u2013 Finance minister - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Minister of Finance, Dr Mohammed Amin Adam Ghana will require between $9.3billiin and $15billion over the next ten years to successfully implement its reference programme for climate action, the Minister of Finance, Dr Mohammed Amin Adam, has said. 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