New climate innovation center to jumpstart Ghana’s green economy
The World Bank Group announced today the upcoming launch of a new Climate Innovation Center (CIC) in Accra to support Ghana’s green growth strategy. The CIC will be financed through a US$17.2 million grant package recently approved by the World Bank Group.
The CIC will support Ghana’s National Climate Change Policy (NCCP), spearheaded by the Ministry of Environment, Science, Technology and Innovation. The center will help more than 100 local clean technology companies develop and scale innovative solutions to climate change. The Ghana CIC will help over 300,000 Ghanaians increase resilience to climate change in the next ten years. Furthermore, through its support to local clean technology ventures, the center is expected to mitigate 660,000 tons of CO2 and contribute to the production of over 260 million kWh of clean energy.
The center will be established at the Ashesi University College in Berekuso, with a mandate to support green businesses across all of Ghana’s regions. The grant agreement was signed by Henry Kerali, World Bank Country Director for Ghana, and Patrick Awuah, Founder and President of Ashesi University College.
“The Ghana CIC solidifies the role of the private sector in helping Ghana mitigate and adapt to climate change,” said Henry Kerali. “By enabling entrepreneurs and green innovators to test and scale their business models, homegrown clean technology solutions can help the country build climate resilience, while also creating jobs and fostering economic growth.”
Supported by the governments of Denmark and the Netherlands, the center will be inaugurated in the second quarter of 2016 and will be managed by a consortium led by the Ashesi University College with Ernst & Young, SNV Netherlands Development Organization, and the United Nations University Institute for Natural Resources in Africa.
The Ghana CIC is part of the World Bank’s Climate Technology Program and its global network of Climate Innovation Centers. Other centers have been established in Kenya, Ethiopia, the Caribbean, South Africa, Morocco, and Vietnam.