Ghana's Finance Minister, Dr. Cassiel Ato Forson, is advocating for a change in the way Africa approaches climate finance. He believes that governments in Africa and development partners should focus on using limited public and concessional resources more effectively. This approach aims to mobilize larger pools of private capital for climate investments. The Minister's comments highlight the need for innovative financing solutions to address the pressing issue of climate change in Africa.
The current approach to climate finance in Africa often relies heavily on public and concessional resources, which are limited. Dr. Forson's proposal seeks to leverage private sector investment to support climate-related projects. This shift in approach could help bridge the funding gap for climate initiatives in Africa. The Minister's advocacy for private sector involvement is seen as a crucial step towards achieving sustainable and effective climate finance.
The Energy Commission in Ghana has recently taken steps to tighten compliance in the power sector procurement. The Commission held a sensitisation workshop to strengthen stakeholders' understanding of bid evaluation, local content requirements, and procurement rules. This move aims to ensure that Ghana's electricity supply industry operates efficiently and effectively. The workshop is part of a broader effort to improve the country's energy sector.
In other news, ASA Savings and Loans Limited has donated 10 desktop computers and accessories to the John Taylor M/A Basic School at Tarkwa. The donation aims to support the teaching and learning of Information and Communication Technology (ICT). The company's initiative demonstrates its commitment to corporate social responsibility and education in Ghana.
The West African Insurance Companies Association (WAICA) is set to hold its 2026 annual Education Conference in Banjul, The Gambia. The conference, scheduled for November 22 to 25, will feature professional education and sustainability training programmes. WAICA's event aims to bring together insurance professionals from across West Africa to share knowledge and best practices.
Studio 7 Clinic & Med Spa has marked its 10th anniversary by rewarding long-serving staff with brand new vehicles, cash prizes, and household appliances. The company's gesture recognizes the contribution of its staff to the company's growth over the past decade. The milestone highlights the importance of employee appreciation and motivation in driving business success.
The issue of child safety in cars has been raised in Ghana, with many children often seen sitting in the front passenger seat or standing between seats while traveling. Experts argue that this practice poses significant risks to children's safety. There is a growing call for parents and caregivers to rethink how children travel in cars and prioritize their safety.
Key points
- Dr. Cassiel Ato Forson calls for a shift in Africa's approach to climate finance, focusing on mobilizing private capital.
- The Energy Commission in Ghana has held a workshop to strengthen stakeholders' understanding of bid evaluation and procurement rules in the power sector.
- ASA Savings and Loans Limited has donated computers to a school in Tarkwa to support ICT education.
