• About
  • Advertise
  • Privacy Policy
  • Contact
Wednesday, October 8, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Ghana Pushes for Climate-Focused Economic Reforms 

Prince Agyapongby Prince Agyapong
March 19, 2025
Reading Time: 6 mins read
Prince Agyapongby Prince Agyapong
in Extractives/Energy, Sub Top Stories
0
Cedric Dzelu, Technical Director at the office of the Minister of State for Climate Change and Sustainability

Cedric Dzelu, Technical Director at the office of the Minister of State for Climate Change and Sustainability

At the IMANI Dialogue on Budget Gap Financing, Cedric Dzelu, Technical Director at the office of the Minister of State for Climate Change and Sustainability, emphasized the urgent need to integrate climate resilience into Ghana’s macroeconomic planning. 

Speaking on behalf of the Minister, Mr. Dzelu emphasized that climate change is no longer just an environmental concern but a fundamental economic challenge. 

“Ghana, like many other economies in the Global South, faces the dual burden of fiscal constraints and the need for large-scale investments in climate adaptation and mitigation.” 

Cedric Dzelu, Technical Director at the office of the Minister of State for Climate Change and Sustainability

Mr. Dzelu stressed that the increasing frequency of climate-induced shocks exacerbates economic vulnerabilities, creating a cycle of rising debt burdens and high borrowing costs.  

RelatedPosts

Over 70 Investors Show Interest in Ghana’s Petroleum Hub Project – PHDC CEO 

Ghana’s Banks Lose Nearly GH¢900m to Bad Loans in 6 Months as NPLs Hit GH¢20.7bn

MIIF CEO Commits to Prudent Management of Ghana’s Mineral Wealth 

To break this cycle, he called for “innovative and sustainable financing solutions that future-proof our economy while driving green growth.” 

International Financial Institutions (IFIs) such as the International Monetary Fund (IMF), World Bank, and African Development Bank (AfDB) have historically played a crucial role in stabilizing African economies.  

Ghana has been a beneficiary of 17 IMF-supported programs since 1957, with the most recent Extended Credit Facility (2023-2026) offering much-needed fiscal relief.  

However, as Mr. Dzelu pointed out, “While these programs have facilitated key reforms, challenges in public financial management and structural transformation persist.” 

He urged IFIs to integrate climate considerations into their economic stabilization efforts, advocating for budgetary and balance-of-payment support that aligns with Ghana’s climate resilience objectives.  

He cited the World Bank’s recent pledge to align all new operations with low-carbon, climate-resilient development as a positive step, but emphasized the need for deeper commitments. 

“We need to go further. Ghana must work with IFIs to ensure that climate resilience is at the core of macroeconomic and fiscal planning, driving sustainable economic transformation.” 

Cedric Dzelu, Technical Director at the office of the Minister of State for Climate Change and Sustainability

Integrating Climate into Macroeconomic Planning 

Climate Financing
Climate Financing

To guide Ghana towards a climate-resilient economy, Mr. Dzelu outlined several strategic opportunities for integrating climate considerations into macroeconomic planning.  

He proposed reforms across various sectors, beginning with debt management. “Our debt sustainability frameworks must account for climate risks and targets,” Mr. Dzelu asserted.  

This would help Ghana maintain long-term financial stability while also supporting investments aligned with climate goals. 

He also called for fiscal reforms, specifically in climate-responsive budgeting and taxation policies that incentivize low-carbon investments.  

In addition to these fiscal measures, Mr. Dzelu stressed the importance of governance reforms. Strengthening climate expertise within government institutions is essential for making informed decisions on climate financing.  

He also proposed leveraging green industrial policies and pursuing a just transition for workers affected by the shift to a low-carbon economy.  

“We must focus on reskilling young people for green transition jobs, such as renewable energy engineers and electric vehicle technicians.” 

Cedric Dzelu, Technical Director at the office of the Minister of State for Climate Change and Sustainability

He called for the collaboration of IFIs to help transform state-owned enterprises and market regulations. 

Strategic Recommendations for Sustainable Growth 

Climate Action
Climate Action

Looking forward, Mr. Dzelu provided strategic recommendations for ensuring that Ghana’s economic growth remains both sustainable and climate-compatible.  

These recommendations focused on deepening the integration of climate resilience into existing economic frameworks. 

“Structural benchmarks within IMF and World Bank programmes should include climate resilience targets, ensuring that our economic recovery is aligned with long-term sustainability.”  

Cedric Dzelu, Technical Director at the office of the Minister of State for Climate Change and Sustainability

He stressed the importance of aligning international financial support with Ghana’s climate goals. He also advocated for greater stakeholder engagement, urging IFIs to collaborate closely with local actors such as civil society organizations and the private sector. 

In line with these suggestions, Mr. Dzelu proposed exploring innovative financing mechanisms like climate-linked debt restructuring. Debt-for-climate swaps, he argued, “could ease fiscal constraints and enable increased climate spending, ensuring that Ghana’s sustainability ambitions do not take a back seat to short-term financial pressures.” 

Furthermore, he recommended strengthening the Climate Division at the Ministry of Finance, highlighting the importance of a multi-year technical assistance programme supported by multilateral partners.  

Finally, Mr. Dzelu proposed the development of a detailed Climate Finance Action Plan to outline clear financing sources for green investments.  

The Minister’s speech highlighted the government’s resolve to turn climate challenges into economic opportunities. “Ghana stands at a critical juncture where climate resilience and economic sustainability must be pursued hand in hand,” Mr. Dzelu emphasized. 

“Our success in achieving this balance depends not only on prudent fiscal management but also on how well we integrate climate action into our economic recovery strategies.

“Through strengthened collaboration with IFIs, robust institutional reforms, and a clear commitment to green industrialization, we can turn climate challenges into economic opportunities.” 

Cedric Dzelu, Technical Director at the office of the Minister of State for Climate Change and Sustainability

As Ghana charts its path toward a sustainable future, the need for a coordinated, forward-thinking approach to climate finance has never been more critical. 

READ ALSO: COPEC Accuses OMCs of Withholding Full Fuel Reductions  

Tags: Budget Gap Financingclimate actionClimate Changeclimate financingClimate ResilienceDebt managementeconomic reformsEnvironmental PolicyghanaGreen EconomyGreen transitionIMFrenewable energySustainable DevelopmentSustainable GrowthWorld Bank
Please login to join discussion
Previous Post

Lack of Consultation, Major Cause of Disagreement Over Mining Tax Hike

Next Post

TCDA Spearheads Ghana’s Coconut Industry Through Value Addition and Sustainability

[mc4wp_form id="1264"]

Related Posts

NSA Director-General, Ruth Seddoh
General News

NSA Launches New Digital Platform, Registration Opens Tomorrow

October 7, 2025
Carney Meets Trump In Second White House Visit
USA

Carney Meets Trump In Second White House Visit

October 7, 2025
Galamsey Now a Community Venture, CDD-Ghana Warns
General News

Galamsey Now a Community Venture, CDD-Ghana Warns

October 7, 2025
Dentaa Challenges Ghanaians to Join Grammy Recording Academy
Entertainment

Dentaa Challenges Ghanaians to Join Grammy Recording Academy

October 7, 2025
Adidome to Make History as Host of 2025 Mini Hogbe Za Celebration
General News

Adidome to Make History as Host of 2025 Mini Hogbe Za Celebration

October 7, 2025
EU Launches Preparedness Union Strategy
UK

EU New Imports Quota Plan Poses Threat To UK Steel Industry

October 7, 2025
NSA Director-General, Ruth Seddoh
General News

NSA Launches New Digital Platform, Registration Opens Tomorrow

by Evans Junior OwuOctober 7, 2025
Carney Meets Trump In Second White House Visit
USA

Carney Meets Trump In Second White House Visit

by Comfort AmpomaaOctober 7, 2025
Galamsey Now a Community Venture, CDD-Ghana Warns
General News

Galamsey Now a Community Venture, CDD-Ghana Warns

by Silas Kafui AssemOctober 7, 2025
Dentaa Challenges Ghanaians to Join Grammy Recording Academy
Entertainment

Dentaa Challenges Ghanaians to Join Grammy Recording Academy

by Esther Korantemaa OffeiOctober 7, 2025
Adidome to Make History as Host of 2025 Mini Hogbe Za Celebration
General News

Adidome to Make History as Host of 2025 Mini Hogbe Za Celebration

by Stephen M.COctober 7, 2025
EU Launches Preparedness Union Strategy
UK

EU New Imports Quota Plan Poses Threat To UK Steel Industry

by Comfort AmpomaaOctober 7, 2025
NSA Director-General, Ruth Seddoh
Carney Meets Trump In Second White House Visit
Galamsey Now a Community Venture, CDD-Ghana Warns
Dentaa Challenges Ghanaians to Join Grammy Recording Academy
Adidome to Make History as Host of 2025 Mini Hogbe Za Celebration
EU Launches Preparedness Union Strategy
[/vc_row_inner]

Recent News

  • NSA Launches New Digital Platform, Registration Opens Tomorrow
  • Carney Meets Trump In Second White House Visit
  • Galamsey Now a Community Venture, CDD-Ghana Warns
  • Dentaa Challenges Ghanaians to Join Grammy Recording Academy
  • Adidome to Make History as Host of 2025 Mini Hogbe Za Celebration
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.