UK-Backed Green Project Preparation Facility Launched to Boost Climate Infrastructure Investment in Ghana
Ghana has taken a significant step toward closing its climate infrastructure financing gap with the launch of a Green Project Preparation Facility, backed by five million pounds from the United Kingdom government. The facility, announced on 18 June 2026 in Accra, is a joint initiative of FSD Africa, the Ghana Infrastructure Investment Fund (GIIF), and the British High Commission.
The facility is designed to build a robust pipeline of investable green infrastructure projects across Ghana, reducing development risk and accelerating the timeline to financial close. Its central mission is to mobilise private capital for climate-resilient infrastructure in a country where shifting weather patterns, rising sea levels, and increasingly erratic rainfall pose growing threats to economic stability.
Ghana’s vulnerability to climate change is well documented. Roughly a third of the country’s electricity generation depends on hydropower, leaving the energy sector exposed to drought. More than 40 per cent of the workforce is employed in agriculture, a sector acutely sensitive to temperature and rainfall shifts. Meanwhile, flooding and coastal erosion continue to strain urban infrastructure, particularly in Accra and other major cities.
A Pipeline of Bankable Projects
Under the arrangement, FSD Africa will host and manage the facility, while GIIF serves as the Ghanaian implementing partner. The facility will target projects in renewable energy, waste and water management, urban infrastructure, transport, housing, and social infrastructure. Both public and private sector project developers are eligible to apply, provided their proposals are climate-aligned, financially viable, and attractive to investors.
A pilot cohort of projects is already under active preparation, with the broader pipeline to be built out in subsequent phases. Assessment will follow a structured and transparent appraisal process conducted in partnership with GIIF and Ghanaian stakeholders.
Nana Dwemoh Benneh, Chief Executive Officer of GIIF, described the facility as both timely and strategic, adding that it presents a significant opportunity for GIIF and FSD Africa to collaborate in developing a robust pipeline of bankable, climate-resilient, and investment-ready infrastructure projects.
UK-Ghana Partnership Deepens
The launch underscores the deepening partnership between Ghana and the UK on climate finance. Terri Sarch, Deputy British High Commissioner to Ghana, framed the facility as part of a broader push to turn shared ambitions into real results, noting that the facility would help unlock much-needed finance toward climate-resilient infrastructure.
Mark Napier, CEO of FSD Africa, said his organisation was privileged to extend its collaboration with Ghana through the new facility. He expressed hope that the facility would prove instrumental in crowding domestic private capital into projects that add value to the economy and boost climate resilience.
Strengthening Delivery Systems
Beyond financing individual projects, the facility aims to strengthen national delivery systems across both the public and private sectors. This capacity-building dimension is considered critical, as many promising infrastructure projects in sub-Saharan Africa stall during the preparation phase due to insufficient technical expertise, feasibility gaps, and difficulties structuring deals that meet international investor standards.
By bridging that gap, the facility hopes to demonstrate that climate-aligned infrastructure in Ghana can attract private investment at scale, a model that, if successful, could be replicated across the region.
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