Issued on the financial markets, green bonds make it possible to support projects to combat global warming, support the energy transition, etc. Ghana intends to take advantage of this mechanism to accelerate its sustainable development process.
“The introduction of green bonds will give investors the opportunity to finance green buildings, clean transport, renewable energy, sustainable water management and other climate-friendly projects,” said Daniel Ogbarmey Tetteh, the SEC’s Chief Executive Officer.
Daniel Ogbarmey Tetteh – Chief Executive Officer, SEC
The government agency should thus benefit from the IFC’s support in developing a “comprehensive reference guide adapted to the Ghanaian market”.
The IFC’s collaboration is part of its Green Bond Programme. Launched in 2010, this initiative aims to catalyse the market and unlock investment for private sector projects that support renewable energy and energy efficiency.
The programme is supported by the Swiss State Secretariat for Economic Affairs (Seco), the Swedish International Development Cooperation Agency (Sida) and the Luxembourg government.
Ghana, which is preparing to enter the green bond market, will join other African countries, including Egypt, South Africa, Nigeria, Namibia and Kenya. These countries are already using this mechanism to increase climate finance.