Ghana’s ongoing macroeconomic recovery could open the door to as much as $7 billion in green bond financing, creating new opportunities to fund climate-friendly infrastructure, renewable energy, and sustainable development projects, the International Finance Corporation (IFC) has said.
The projection was made by Nathalie Kouassi Akon, IFC Division Director for the Gulf of Guinea, who noted that recent improvements in Ghana’s fiscal management, inflation trends, and policy consistency are key signals international investors look for before committing long-term capital.
Why It Matters
Green bonds are increasingly used worldwide to finance environmentally sustainable projects. For Ghana, expanding this market could help bridge financing gaps in areas such as:
•Renewable and clean energy
•Climate-resilient infrastructure
•Sustainable transport and urban development
IFC’s Position
Speaking at a capacity-building workshop in Accra, organised jointly with the Securities and Exchange Commission (SEC) of Ghana, Akon encouraged policymakers, regulators, and market players to leverage the current economic momentum to deepen the local green bond market and attract private-sector participation.
“It will take for investors to see the returns and to be exposed to transactions, and this is the role that we want to play,” she said, explaining that the IFC aims to support Ghana with both technical expertise and market access.
She revealed that since launching its green bond programme, the IFC has facilitated about $15 billion in green bond issuances globally, experience it now intends to deploy in Ghana’s developing market.
Macroeconomic Stability Key
Akon stressed that market confidence, awareness, and sustained macroeconomic stability are essential to accelerating green finance growth, adding that Ghana’s improving economic indicators could help unlock investor interest.
“The improvement in the macroeconomic situation in Ghana will help to accelerate the momentum,” she said.
Untapped Potential
According to Akon, Ghana’s green bond potential was previously estimated at $7.4 billion in 2021, cutting across multiple sectors. She suggested that with renewed economic stability and supportive policies, much of that potential could now be realised.
Outlook
Analysts say the IFC’s remarks underscore growing international confidence in Ghana’s recovery efforts and highlight green finance as a strategic tool for sustainable growth. Stakeholders believe that strengthening regulatory frameworks and ensuring transparent project pipelines will be crucial to turning the projected financing into actual investments.
Source: Africa Publicity
