Project profile — Supporting the Green Economy of Ghana



Overview 

CA-3-P008970001
$10,000,000
Ashesi University LBG
2021-08-23 - 2025-08-30
Operational
Global Affairs Canada
WGM Africa

Country / region 

• Ghana (100.00%)

Sector 

• Government And Civil Society, General: Women's rights organisations and movements, and government institutions (15170) (5.00%)
• Business And Other Services: Business support services and institutions (25010) (25.00%)
• Industry: Small and medium-sized enterprises (SME) development (32130) (45.00%)
• Environmental policy and administrative management:
Environmental policy and administrative management (41010) (15.00%)
Environmental education/training (41081) (10.00%)

Policy marker 

• Climate Change Adaptation (not targeted)
• Trade development (not targeted)
• Youth Issues (not targeted)
• ICT as a tool for development (not targeted)
• Environmental sustainability (cross-cutting) (principal objective)
• Indigenous Issues (not targeted)
• Disability (not targeted)
• Nutrition (not targeted)
• Gender equality (significant objective)
• Children's issues (not targeted)
• Desertification (not targeted)
• Biodiversity (not targeted)
• Urban issues (not targeted)
• Disaster Risk Reduction(DRR) (not targeted)
• Climate change mitigation (principal objective)
• Participatory development and good governance (not targeted)

Description 

This project contributes to strengthening Ghana’s ability to respond to the economic and social impacts of climate change by supporting female and male small and medium-scale entrepreneurs to develop profitable and locally-appropriate solutions to mitigate or adapt to climate change. It also increases public awareness of the green economy, and helps to improve the policy environment to effectively contribute to Ghana’s transition to a safer, healthier, more equitable and more prosperous low-carbon, green economy. Project activities include: (1) providing proof of concept grants and business advisory services support to small and medium-scale enterprises through the Ghana Climate Innovation Centre’s (GCIC’s) business incubator; (2) delivering the Women Entrepreneurs’ Transformation Program to support women entrepreneurs to overcome gender-specific business-related challenges more effectively; (3) engaging on the green economy with entrepreneurs and stakeholders through various awareness-raising initiatives; and (4) advocating for a gender and climate-sensitive fiscal policy adapted to the green economy. The Project expects to directly benefit 240 small and medium-scale entrepreneurs (of whom 50% are women) and thousands of Ghanaian households indirectly.

Expected results 

The expected outcomes for this project include: (1) increased and more equal participation among male and female climate-smart entrepreneurs in managing and scaling-up profitable and sustainable green businesses; and (2) government policies in Ghana more purposefully and meaningfully respond to the obligations of both government and the private sector for climate change adaptation and mitigation.

Results achieved 

Results achieved as of April 2024 include: (1) 44 entrepreneurs (22 women and 22 men) in cohort six and seven graduated from the Ghana Climate Innovation Centre business incubation program. (2) Women-led businesses also received tailored support to address gender-related barriers such as self-empowerment, self-leadership and work-life balance, and after completion of the program, reported being confident of holding their business negotiations with banks, suppliers, and customers; (3) 6 climate and gender sensitive policy constraints and alternative papers were completed/developed, published, and disseminated within the reporting period; (4) the incubation program saved a total of 584,085 metric tons of carbon

Budget and spending 


Original budget $0
Planned disbursement $3,128,294
Transactions
Transaction Date Type Value
06-06-2024 Disbursement $342,256
05-09-2024 Disbursement $180,637
29-11-2024 Disbursement $1,443,204
Country percentages by sector
Type of finance Aid grant excluding debt reorganisation
Collaboration type Bilateral
Type of aid Project-type interventions
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