Ghana Invites Investors to Collaborate with V20 Countries

TEMPO.CO, Jakarta - On March 29, 2023, at 1pm GMT, the Ministries of Finance, Environment Science Technology and Innovation, Foreign Affairs and Regional Integration and the Environmental Protection Agency of Ghana are planning to organize a Climate Prosperity Plan (CPP) event with the theme "Partnering with Private Sector: Building Climate Resilience through Climate Prosperity Plans", according to a press release received by Tempo on Monday, March 27.

The event is an opportunity for investors to collaborate with the Vulnerable Twenty (V20) members in exploring how the business community can support the drive for climate resilient economies in developing countries that are particularly vulnerable to climate change. Participants will explore the role that the private sector can play in the development of innovative financing options for projects/programmes, under the CPPs, that counteract climate risks and leverage transition opportunities.

According to V20, the Climate Prosperity Plans constitute comprehensive strategies designed to accelerate the transition to a low-carbon economy, enhance climate resilience and create new economic opportunities for national prosperity. The plans involve collaboration between government, private sector, and civil society organizations to develop and implement climate-smart investments and policies that create jobs and improve the quality of life of the people while reducing greenhouse gas emissions.

The closed event will feature experts from various fields, including Government officials, Private Sector, Representatives from the V20 members developing and implementing CPPs - especially Bangladesh, Sri Lanka, Ghana, private sector/business representatives and philanthropic foundations.

“V20 countries recognize the need to develop economy-wide investment strategies focused on delivering climate resilient growth. The collaboration with the private sector - domestic and international - is critical for ensuring development-positive climate action with technology transfer and innovative business model creation. We look forward to cooperating with the private sector and our philanthropic partners in the delivery of our Climate Prosperity Plans,” said Ken Ofori-Atta, Minister for Finance and the V20 Chair.

Ghana is currently the Chair of the Climate Vulnerable Forum (CVF) and by default the Chair of the V20 Group of Finance Ministers. Formed in 2015, the V20 Group of Finance Ministers is a dedicated cooperation initiative of economies systematically vulnerable to climate change. The V20 membership stands at 58 countries representing some 1.5 billion people from nations including Afghanistan, Bangladesh, Barbados, Benin, Bhutan, Burkina Faso, Cambodia, Chad, Colombia, Comoros, Costa Rica, Côte d’Ivoire, Democratic Republic of the Congo, Dominican Republic, Eswatini, Ethiopia, Fiji, The Gambia, Ghana, Grenada, Guatemala, Guinea, Guyana, Haiti, Honduras, Kenya, Kiribati, Kyrgyzstan, Lebanon, Liberia, Madagascar, Malawi, Maldives, Marshall Islands, Mongolia, Morocco, Nepal, Nicaragua, Niger, Palau, Palestine, Papua New Guinea, Philippines, Rwanda, Saint Lucia, Samoa, Senegal, South Sudan, Sri Lanka, Sudan, Tanzania, Timor-Leste, Tunisia, Tuvalu, Uganda, Vanuatu, Viet Nam, and Yemen.

TEMPO.CO

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