{"id":251201,"date":"2024-11-15T06:46:39","date_gmt":"2024-11-15T06:46:39","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/11\/15\/ghanas-climate-financing-director-unveils-new-initiatives-at-cop29-finance-day\/"},"modified":"2024-11-15T06:46:39","modified_gmt":"2024-11-15T06:46:39","slug":"ghanas-climate-financing-director-unveils-new-initiatives-at-cop29-finance-day","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/11\/15\/ghanas-climate-financing-director-unveils-new-initiatives-at-cop29-finance-day\/","title":{"rendered":"Ghana&#8217;s Climate Financing Director unveils new initiatives at COP29 Finance Day"},"content":{"rendered":"<p><\/p>\n<div>\n<p style=\"font-weight: 400;\">Director of the Climate Financing Division in Ghana\u2019s Ministry of Finance, Mrs. Phyllis Adwoa Fraikue has emphasized the country\u2019s ambitious plans to mobilize climate finance in the face of global economic challenges.<\/p>\n<p style=\"font-weight: 400;\">Speaking at a side event dubbed the \u201cFinance Day\u201d at the ongoing COP29 in Baku, Azerbaijan, under the theme, \u201cCollaborative Pathways to Green Growth: Revolutionizing Climate Finance in a World of Fiscal Challenges\u201d Mrs. Fraikue stressed the urgency of climate-resilient development in a post-COVID-19 world.<\/p>\n<p style=\"font-weight: 400;\">Highlighting Ghana\u2019s efforts to address climate risks while maintaining fiscal responsibility, she reiterated the role of the newly established Climate Financing Division.<\/p>\n<p style=\"font-weight: 400;\">This Division, she explained, is central to Ghana\u2019s Climate Prosperity Plan, which aligns national development with global climate goals and attract both public and private investments for green growth.<\/p>\n<p style=\"font-weight: 400;\">\u201cThe Division\u2019s vision,\u201d Mrs. Fraikue emphasized, \u201cis to foster a sustainable financial ecosystem that will drive low-carbon development, enhance resilience, and position Ghana as a model for climate finance.\u201d<\/p>\n<p style=\"font-weight: 400;\">Recognizing Ghana\u2019s ongoing fiscal challenges, exacerbated by global economic disruptions since 2022, she highlighted the importance of innovative financial mechanisms such as debt-for-climate and debt-for-nature swaps.<\/p>\n<p style=\"font-weight: 400;\">The occasion was used to showcase Finance Ministry\u2019s new Ghana Green Finance Taxonomy, a framework designed to direct funding to environmentally responsible projects, making Ghana a regional leader in sustainable finance.<\/p>\n<p style=\"font-weight: 400;\">Through these tools and sector-based incentives, Ghana aims to unlock private capital for low-carbon development, minimizing the national debt burden.<\/p>\n<p style=\"font-weight: 400;\">Mrs. Fraikue concluded with a call for robust partnerships, stronger\u00a0 transparency and accountability in climate finance to safeguard both natural and physical assets.<\/p>\n<p style=\"font-weight: 400;\">\u201cLet us seize this moment to foster collaboration, leverage innovation, and build a sustainable future for all,\u201d she urged.<\/p>\n<p style=\"font-weight: 400;\">She said, the Ministry of Finance has been actively engaging stakeholders for stronger financial and technical partnership in line the Nationally Determined Contributions.<\/p>\n<p style=\"font-weight: 400;\">This event showcased Ghana\u2019s commitment to mobilizing climate finance resources, as well as its collaborative approach to strengthening resilience and advancing sustainable development.<\/p>\n<p style=\"font-weight: 400;\">The COP29 Finance Day event is expected to catalyze further discussions on innovative financial solutions and the future of climate finance amid global fiscal constraints.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Director of the Climate Financing Division in Ghana\u2019s Ministry of Finance, Mrs. Phyllis Adwoa Fraikue has emphasized the country\u2019s ambitious plans to mobilize climate finance in the face of global economic challenges. Speaking at a side event dubbed the \u201cFinance Day\u201d at the ongoing COP29 in Baku, Azerbaijan, under the theme, \u201cCollaborative Pathways to Green [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":251202,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-251201","post","type-post","status-publish","format-standard","has-post-thumbnail","category-top-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ghana&#039;s Climate Financing Director unveils new initiatives at COP29 Finance Day - 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\/11\/15\/ghanas-climate-financing-director-unveils-new-initiatives-at-cop29-finance-day\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ghana&#039;s Climate Financing Director unveils new initiatives at COP29 Finance Day - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Director of the Climate Financing Division in Ghana\u2019s Ministry of Finance, Mrs. Phyllis Adwoa Fraikue has emphasized the country\u2019s ambitious plans to mobilize climate finance in the face of global economic challenges. 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