CSOs urged to participate actively in Green Climate Fund

Accra, Mrs Hannah Owusu-Koranteng, the Chairperson of the Kasa Initiative, Ghana, has urged civil society organisations (CSOs) to participate actively in the Green Climate Fund (GCF) to create the right conditions for public and private investors.

The GCF is a financial entity of the United Nations Framework Convention on Climate Change and Paris Agreement, dedicated to supporting global effort to respond to the challenges of climate change.

At the Second National Stakeholders Session for the CSOs on the GCF held in Accra, MrsOwusu-Koranteng said there was the need for the CSOs to fashion out climate-friendly projects or technologies that would attract public and private investors.

It was under the theme: Sharing and Learning: Towards a More Inclusive GCF National Process.

It was facilitated by Kasa Initiative, Ghana and CARE International, Ghana conveyors and co-conveyors of the Sustainable Development Goal (SDG 13), the platform which focuses on climate change.

Mr Peter Justice Dery, the Deputy Director of Climate Change at the Ministry of Environment, Science, Technology and Innovation, who chaired the function, said it was necessary for the public, private and CSOs to generate interest in climate smart programmes and technology.

He said they must also invite the GCF and Nationally Designated Authority (NDA) to share information.

Mr Peter Bruun Clausen, the Policy Advisor with CARE International, Ghana, said the GCF process in Ghana had come a long way in ensuring an inclusive decision-making process. Mr Sampson Samuel Ogallah, a Senior Climate Change Specialist at Solidaridad International, called for clear guidelines between adaptation and development proposals for effective participation in the GCF.

He called for the decentralisation of the GCF so that each region like Africa and Asia would have regional offices where proposals and projects could be reviewed and approved.

Mr Foster Gyamfi, a member from the Real Sector Division of the NDA Secretariat, hosted under the Ministry of Finance, said the NDA had resolved to involve more accredited CSOs in the GCF Technical Advisory Committee to ensure transparency.

Mr Solomon OcquayeTettey-Akpeng, the Deputy Head, Risk Management at Ecobank Ghana Limited, gave the assurance that the Bank would take opportunity at the next GCF board meeting to submit a proposal for the benefit of Ghana.

Resource persons at the function explained that the current GCF accreditation and proposal processes for Ghana are in two parts; Ecobank takes care of the credit and loans project component and the Social Investment Fund caters for the grants component.

Source: Ghana News Agency