Economic growth in Ghana over the past two decades led to reduced poverty and improved social indicators. Since 2013, the National Climate Change Policy promoted a climate-compatible economy that achieves sustainable development through equitable low-carbon growth. Subsequently, the National Medium-Term Development Policy Framework (2018-2021) further refined Ghana’s vision by providing an overarching structure for transformative change.
This policy framework was key for PAGE’s engagement since 2014. In line with the existing policies and Ghana’s decentralized planning approach, PAGE focused on planning and monitoring processes of Metropolitan, Municipal and District Assemblies (MMDAs). PAGE work has contributed to the mainstreaming of Inclusive Green Economy (IGE) into sub-national planning and reporting; inclusion of climate change education in basic schools across the country; initiation of thematic policy reforms across sustainable finance, green jobs and resource efficiency; as well as individual and institutional capacity-building
PAGE began a gradual phase-out of its support in 2019 and completed the development of a sustainability plan to safeguard PAGE results and maintain the green economy agenda. In 2020, the urgent need to cope with the impacts of COVID-19, provided an avenue to remain further engaged with the country and facilitate a green recovery in line with government priorities focused on the promotion of green finance, green sub-national recovery plans and capacity development for green enterprises.
Ghana is promoting a green recovery by building a better enabling environment for green finance, fiscal policies and green business innovation. […]
Green Economic Recovery Through Green Finance, Fiscal Policies and Green Business Innovation
Ghana is promoting a green recovery by building a better enabling environment for green finance, fiscal policies and green business innovation.
- Identification of opportunities for green fiscal policies and tax regimes that promote employment and disincentivize polluting activities;
- Identification of new business opportunities emerging from the crisis;
- Integration of green recovery policies into the sub-national recovery plans; and
- Capacity development for enterprises in resource efficiency and sustainable production principles under the 1 District 1 Factory (1D1F) government policy.
The partnership in Ghana has contributed to progress towards SDGs 4 (Quality Education), 7 (Affordable and Clean Energy), 8 (Decent Work and Economic Growth), 9 (Industry, Innovation and Infrastructure), 12 (Responsible Consumption and Production), 13 (Climate Action) and 17 (Partnerships for the Goals).