Ghana requires an estimated US$22.6 billion in financing to effectively respond to the growing impacts of climate change, according to Seidu Issifu.
The figure highlights the scale of Ghana climate finance needs as the country seeks to strengthen resilience against worsening environmental shocks while pursuing long-term sustainability goals.
Speaking on Ghana’s climate priorities, Mr Issifu said substantial investment would be required to support both mitigation and adaptation efforts across key sectors including agriculture, energy and infrastructure.
The financing challenge comes at a time when Ghana is implementing broader macroeconomic reforms, raising concerns about the country’s ability to fund climate action without significant international assistance.
Analysts warn that climate-related shocks are increasingly affecting the economy through flooding, droughts and unpredictable weather conditions that disrupt agricultural production and damage public infrastructure.
Without stronger adaptation measures, experts say climate impacts could slow economic growth and worsen poverty levels in vulnerable communities over the coming years.
Call for International Support
Mr Issifu also stressed the unequal burden faced by African countries, noting that while the continent contributes minimally to global emissions, it remains among the hardest hit by climate change.
This imbalance, he argued, strengthens the case for expanded concessional financing, technology transfers and stronger support from developed economies.
“Substantial investment” will be needed to protect critical sectors already under pressure from rising temperatures and erratic rainfall patterns, he indicated.
Ghana’s climate strategy remains aligned with the Paris Agreement, including commitments to reduce emissions, expand renewable energy and build climate-resilient systems.
However, much of the country’s climate agenda depends heavily on external funding, reflecting a broader challenge facing developing economies in accessing affordable and predictable climate finance.
With global climate financing still falling below required levels, the US$22.6 billion estimate underscores the urgency for stronger international cooperation as Ghana balances environmental sustainability with economic recovery and development goals.
READ ALSO: GSE Composite Index Falls 0.35% as Financial Stocks Lead Tuesday Decline
