Welcome to the official website for the 5th Incubating Climate Innovation, the Ghana Climate Innovation Centre’s annual thought leadership symposium.
Financing for green, climate-smart initiatives is limited, and yet creating and building long-term economic and societal value through sustainable investment, banking, and lending (the notion of sustainable finance) is crucial for a developing economy such as Ghana. The enquiry of Incubating Climate Innovation 2023 is whether current policies, governance mechanisms, financial products, and impact investment models in Ghana can foster the transition to a robust low carbon economy.
Since its establishment in 2016 over 60% of climate enterprises supported by GCIC have successfully accessed additional seed financing for their business. Much of this financing, however, whether grant, debt, or equity financing, has come from offshore development and financial institutions and or partners. Given that Ghana’s economic and indeed human development is vulnerable to climate change and climate-related shocks, this pattern of financing is unsustainable – especially if Ghana is to successfully transition to a low carbon economy that fosters business climate action.
Our posit at the Ghana Climate Innovation Centre is that Ghana can pursue its development objectives while considering the challenges of climate change and the opportunities from the transition. The country has made determined, ambitious climate commitments. Nevertheless, stronger institutional coordination across MMDAs is critical, as are fiscal, financial, legal and regulatory reforms that can strengthen the transition to low carbon pathways and attract private sector finance and investments.
Incubating Innovation 2023 has been structured to engage policy makers, donors, financial institutions, and entrepreneurs especially on the issues of green, sustainable finance and its policy underpinnings. There are significant investment opportunities within the transition to a low carbon economy. Boosting green finance can significantly reduce climate risks and catalyze investments to address climate impacts.
9:00 AM – 9:30 AM
Arrival of Guests / Registration of Participants
9:30 AM – 9:45 AM
Welcome Address: Ruka Sanusi, Executive Director Ghana Climate Innovation Centre
9:45 AM – 9:55 AM
Keynote Address: Kathleen Flynn-Dapaah, Director and Head of Cooperation for Canadian High Commission
9:55 AM – 10:10 AM
Statement : Professor Angela Owusu Ansah, Provost, Ashesi University
10:10 AM –10:15 AM
10:15 AM – 10:30 AM
Address 1: Professor J. Asafu-Adjaye,Senior Fellow & Head Of Research, African Center For Economic Transformation
10:30 AM – 10:35 AM
Performance Interlude – Fiifi Flawless
10:35 AM -11:15 AM
Panel Discussion 1: Policy for a Green Economy; Strengthening governance mechanisms, policy incentives, and legal frameworks to address climate change and foster greener, more sustainable economic development.
- Cynthia Quarcoo, Founder & Managing Partner, CQ Legal & Consulting
- Aurelien Kruse, Lead Country Economist, World Bank
- Stephen Armah, Deputy Chief Manager, Banking Supervision Department, Bank of Ghana
- Naa Atswei Koney ESQ., Sustainability/ESG Lawyer and Strategist, Deloitte & Touche
Roselyn Fosuah Adjei, Director, Climate Change, Ghana Forestry Commission
11:15 AM – 11:35 AM
11:35 AM – 11:50 AM
Address 2: Xorse Godzi, Client Coverage, Corporate, Commercial & Institutional Banking, Standard Chartered Bank Ghana
11:50 AM – 11:55 AM
Performance Interlude – Fiifi Flawless
11:55 PM –12:35 PM
Panel Discussion 2: Can current financial models, financial product development, and impact investment models build robust low carbon economy in Ghana?
- Mirabelle Moreaux, Partner, Injaro Investments
- Yaw Afriyie, Deputy Chief Executive Officer, Ghana Investment Promotion Centre
- Hamdiyah Ismaila, General Manager, Ghana Venture Capital
- Valerie Labi, Chief Executive Officer & Co-Founder, MANA Mobility
Dzifa Amegashie, Head, Corporate & Investor Relations, CAL Bank
12:35 PM –12:40 PM
Closing Remarks: Dramani Bukari, Director, Partnerships Entrepreneurship & Investments, Ghana Climate Innovation Centre