The Ghana Climate Innovation Centre has revealed plans to nurture 100 climate innovators and climate entrepreneurs within the next five years.
This is to help address the country’s vulnerability to climate change, which is becoming alarming.
Ghana is currently highly vulnerable to global climate change, as the country ranked 114 out of 181 countries in the latest climate vulnerability index.
Speaking at the GCIC’s 2019 Thought Leadership Symposium in Accra, the Executive Director of the GCIC, Ms Ruka Sanusi said the GCIC was committed to providing these climate innovators with cutting-edge insights, financing, advisory, and business incubation support to drive their green business growth.
She said the country was already experiencing increased extreme weather conditions with higher incidences and more prolonged periods of flooding and droughts.
She noted that the country’s vulnerability was largely due to dependence on the production of crops that were sensitive to climate change like cassava and cocoa – a situation she blamed on the lack of agricultural diversification.
She said her centre’s ambition was therefore to reach 300,000 Ghanaian households with green consumer goods and services and create 350 new jobs.
Support from World Bank
In a speech that was read on his behalf, the World Bank Country Director for Ghana, Sierra Leone and Liberia, Mr Henry Kerali said the bank was committed to climate change and its impact and was supporting countries to deal with it.
He said the Bank was supporting Ghana with a credit funding of US$200million to implement the Ghana Economic Transformation Project aimed at assisting the diversification of the economy to better shock-proof against volatility in primary commodity prices, spur a transition to an economic structure that generates higher growth that was more sustainable over the long term.
The thought leadership symposium, which was held under the theme’Climate Action, Enterprise Agility and Economic Prosperity’, brought together key actors in the entrepreneurial ecosystem locally and internationally, to discuss and suggest solutions needed to deliver social and economic transformation as well as climate justice.