NDF - Financing for climate change and development projects

Green Finance Focus Shifts to Ghana

African Guarantee Fund (AGF), International Trade Center (ITC), and Nordic Development Fund (NDF) team up for 3rd Green Finance Conference.

Following successful green finance events in Lusaka and Nairobi earlier in the year, a third conference on the theme will take place in Accra, Ghana, on 21 November 2017, with the joint sponsorship of AGF, ITC and NDF.

The conference will provide an opportunity to review the current status of green finance in Ghana and the country’s efforts to green its economy. Ministers and representatives from the Ghanaian public sector will share their experience and lessons learnt from implementing the ‘Ghana Shared Growth and Development Agenda II’, and the ‘National Climate Change Policy’. Participants from other countries will explore the perspectives of regulators and finance providers and the changes required to spur the development of new products and services.

The conference and consecutive training workshops aim to expand access to climate-focused finance for small and medium-sized enterprises (SMEs) in Africa and are in line with the Government of Ghana’s efforts to green the country’s economy. A newly produced brochure on the AGF green guarantee window established with investment support from NDF is now available here.

This conference and the workshops are part of a partnership between ITC, AGF and NDF to promote sustainable finance in Africa in four pilot countries. In addition to this third event in Ghana, Cote d’Ivoire will host a similar event for francophone countries in the first quarter of 2018. The first event was organised in Zambia in March 2017, and another was held in Kenya in June 2017.

For registrations, click here.

African Guarantee Fund
Officially launched on 1 June 2012, the African Guarantee Fund is a pan-African non-bank financial institution owned by the African Development Bank (AfDB), the Danish International Development Agency (DANIDA) and the Spanish Agency for International Development Cooperation (AECID). AGF’s primary mandate is to assist financial institutions in Africa to scale up their SME financing through the provision of partial loan guarantees and capacity development assistance.

Nordic Development Fund
Established by Denmark, Finland, Iceland, Norway and Sweden in 1989, NDF is a joint Nordic finance institution focusing exclusively on climate change and development in low income countries. It supports public and private sector led climate finance operations across Africa, Asia and Latin America and became an AGF shareholder in 2016 with the launch of the green guarantee facility.

International Trade Centre
ITC is the joint agency of the World Trade Organization and the United Nations. ITC assists small and medium-sized enterprises in developing and transition economies to become more competitive in global markets, thereby contributing to sustainable economic development within the frameworks of the Aid-for-Trade agenda and the Global Goals for Sustainable Development.

More information:
African Guarantee Fund