Ghana courts green investment

Ghana is actively seeking significant investment for its climate action and sustainable development goals. Elikem Kokoto, Deputy Chief Executive Officer of the Forestry Commission, stated this at the Ghana-UK Summit in London. He emphasized that international investors are increasingly focused on Environmental, Social, and Governance (ESG) principles. These principles, he explained, guide investment decisions and promote long-term economic resilience.

Mr. Kokoto stressed that ESG factors are no longer just about reporting sustainability. They are now key drivers for businesses worldwide. He highlighted that climate change is more than an environmental issue. It also affects societies and governance structures. Therefore, solutions must be inclusive and sustainable for everyone.

Ghana is presenting its commitment to climate action and forestry projects. Initiatives like the Ghana Cocoa Forest REDD+ Programme are already making progress. These projects are helping restore land and reduce carbon emissions. They also improve the lives of local communities. The Ghana Shea Landscape Emission Reduction Project is another example. These efforts aim to create positive environmental and social impacts.

The Deputy CEO noted that Ghana is entering international carbon markets. This opens new chances for growth. Opportunities exist in areas like agroforestry and ecotourism. Biodiversity conservation is also a focus. Investors want returns that also help the environment and society. Ghana aims to offer such profitable and impactful investment opportunities.

Attracting these investments requires strong governance. Transparency and accountability are essential. These build trust with investors. They also ensure success over time. Mr. Kokoto outlined Ghana's future plans for climate action. This includes more investment in nature-based solutions. Local communities must benefit from climate finance. Governance frameworks need to be stronger. Private sector involvement in climate projects should increase.

Public money alone cannot solve climate challenges. Stronger teamwork is needed. Governments, development partners, investors, and communities must collaborate. This will help unlock climate financing potential. It will also boost sustainable development efforts. Forests are now viewed as crucial assets. They are seen as climate, development, and investment assets for Ghana.