‘Ghana’s Climate Prosperity Plan will power faster economic recovery’

The chairman of Environment, Science and Technology Committee, Dr. Emmanuel Marfo has stated that the country is developing its climate prosperity plans (CPP) aimed at emboldening growth despite an increasingly climate insecure world.

He also disclosed that the CPPs are a roadmap to attract foreign investment in Ghana’s economy to boost economic growth and employment, while also accelerating climate adaptation and bringing down the country’s greenhouse gas emissions as it transitions towards net negative emissions.

According to Dr.Marfo, the plans are expected to be ready by next year, sometime in May, which will ensure faster economic recovery and achieve net-negative carbon emissions.

The Climate Prosperity Plans Program seeks to design actionable investment and implementation pathways toward climate prosperity. It presents an opportunity to unlock new avenues for economicing centered around ambitious and climate-smart targets.

Ghana’s President is the chair of the Climate Vulnerable Forum (CVF) and Dr. Marfo said “Under the Ghana Presidency, one of the main objectives of this presidency is that by the close of our presidency, Ghana should have a climate prosperity plan just like Bangladesh, so when we are done with that, what it basically means is that our development planning and development projects would be planned in such a way that it would deliver some dividend from positive climate impact.

The presidency is two years, so we ending our presidency next year, I am sure around may, I think properly before that.” he told journalists when the secretariat of the CVF visited members of parliament.

He also disclosed that Ghana’s Speaker of Parliament has approved for the climate parliament -Ghana’s MPs for Climate Change to be inaugurated.

CVF meets Parliament

The Secretariat of the CVF visited the country earlier this month and met with the Parliamentary caucus on climate change, with discussions centering on activities of CVF, agenda and programmes for the year, as well as the need to mobilise the voice of parliamentarians for climate action both at the national level, regional and global level, and build capacity of MPs.

The Coordinator of CVF Global Parliamentary Group, Rachel Mundilo indicated that her group met with Ghana’s parliament to ostensibly highlight the strategy of CVF, share their focus as a parliamentary group.

She added that for this year, they are focusing on three areas implementation].

“In terms of the strategy, we have carved out certain activity that speaks to those focused areas, one of them being accountability summit, ultimately this is the year of accountability and the UNFCCC stock take as the initiative that will essentially take stock of all countries input and how they meet up with the goals of the Paris Agreement.

The other area we will be speaking -where we are; scaling up and other point I spoke about is implementation and Ghana is in the process of developing its very own CPP which was launched at COP 27 and it is currently in the process of validation, so key stakeholders are currently validating it.”

Climate Prosperity Plans (CPPs) are national investment strategies that

By Eugene Davis

seek to maximize socio-economic outcomes for countries on the frontline of the climate emergency, through the deployment of maximized domestic renewable energy the economy. Based on a set of government-endorsed targets, the CPPs present a macroeconomic scenario for prosperity, showing how key socio-economic indicators could evolve to 2050 (provided unlocked). The CPPs also itemize programs and projects that will contribute to the realization of the set-out targets, as well as outline and program. The national legislative and regulatory framework is also analyzed and recommendations are made to facilitate the implementation of the Plan.