Ghana Launches Biodiversity Financing Plan to Attract Green Investments
The Government of Ghana, in partnership with the United Nations Development Programme (UNDP), has launched a three-year Biodiversity Finance Initiative (BIOFIN) to unlock new financing opportunities for environmental protection. The initiative, backed by the Global Environment Facility under its GEF-8 Umbrella Programme, is expected to support Ghana’s efforts in preserving its natural ecosystems while attracting green capital for nature-positive development.
The launch comes as countries worldwide work toward the Kunming-Montreal Global Biodiversity Framework targets, which aim to reverse biodiversity loss by 2030. Ghana’s BIOFIN programme will play a critical role in identifying and eliminating harmful capital flows while scaling up investments in biodiversity-friendly activities.
Through baseline assessments and policy reviews, Ghana will craft a national biodiversity finance plan. This plan will guide the mobilization of resources and support the rollout of the country’s National Biodiversity Strategy and Action Plan (NBSAP).
Fati Attahiru, Acting Deputy Resident Representative of UNDP Ghana, said the new framework could help close the global biodiversity finance gap, estimated at $700 billion annually. “We are confident the project steering committee will lead Ghana to develop a pioneering plan that will attract both public and private investments in biodiversity conservation,” she stated.
Dr. Peter Dery, Director of Environment at the Ministry of Environment, Science, Technology and Innovation, added that Ghana had already submitted its national biodiversity targets and was finalizing consultations on the broader action plan.
BIOFIN Regional Technical Advisor Bruno Mweemba called for the proposed financing solutions to be bankable and aligned with global funding expectations, emphasizing that international resources are available but must be matched with credible national plans.
BIOFIN, a UNDP-developed approach now active in over 133 countries, aims to align national development priorities with sustainable environmental finance through multi-sector collaboration.
