Business

Ghana hosts Green Financing conference for SME

On November 21st, 2017, Ghana hosted the third Green Financing for Sustainable Development Conference to expand access to finance for green growth-focused small and medium-sized enterprises (SMEs) in Africa at the Mövenpick Ambassador Hotel.

The three organizing bodies of the event were; the International Trade Centre (ITC), the African Guarantee Fund (AGF) and the Nordic Development Fund (NDF) who partnered to promote sustainable finance in Africa in four pilot countries, Ghana being one of them. The fourth green finance conference will take place in Cote d’Ivoire during the first quarter of 2018.

The day played out through a number of panel discussion sessions with representatives from a vast array of organizations, companies and institutions that work in the respective sectors.

The conference provided an important platform to discuss the funding of climate change mitigation and adaptation; climate conscious investments; the risk climate change poses to a financial institution’s portfolio; and the potential for climate change regulation to spur the development of new products and services for individuals and SMEs.

Pannel 4: Challenges and Opportunities in Undertaking Green Energy Projects
Simone Vaccari (PEG Ghana), Vivian Ahiayibor (City Waste Recycling Ltd), Mr. I.B. Nartey-Tokli (Jekora Ventures Ltd.), Kobina Eric Nyanteh (Translight Solar Ltd.)
Discussions took place on the financial sector’s role in sustainable development and the need to make sustainability part of the organizational culture. Development finance institutions such as; Ecobank, African Development Bank, Microfinance and Small Loans Centre, Kenya Bankers Association and the Bank of Ghana sent representatives to the conference to share their experience providing green finance to SMEs through financial institutions.

The conference will be followed by a training workshop for selected staff from selected financial institutions on how to lever green finance and the AGF Green Guarantee Facility will take place on 23-25 November at the Best Western Plus Accra Beach Hotel.

Source: agricinghana media | agricinghana.com

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