Head of Joy Business, Nanabanyin Addo-Brown, emphasized that green finance should not be limited to large financial institutions or major companies. He spoke at the Ecobank-Joybusiness financial dialogue series held at the Ecobank Auditorium in Accra, under the theme “Green Finance, Real Impact: Powering Inclusive Agri-Growth in Ghana.” The dialogue brought together stakeholders to discuss how green finance can support inclusive growth in Ghana’s agricultural sector.
According to Addo-Brown, green finance is about directing money towards investments that create environmental and climate benefits. He explained that it involves moving money towards investments that can help address environmental challenges and build climate resilience. In agriculture, this can include financing better irrigation and water management, renewable energy, climate-smart production, energy-efficient machinery, and improved storage.
The dialogue series aims to bring together agricultural small and medium-sized enterprises (SMEs), entrepreneurs, regulators, the media, and other stakeholders to discuss the role of green finance in supporting inclusive growth in Ghana’s agricultural sector. Addo-Brown stressed that the focus should also be on understanding where green financing is going and whether it is reaching investments that can make a meaningful difference.
Climate-related challenges continue to affect agriculture and food production in Ghana, making it necessary for farmers and agribusinesses to adopt more resilient production methods. Addo-Brown cited investment in early-maturing crop varieties and other climate-smart practices as some of the measures that can help farmers adapt to changing conditions. He also emphasized the need for collective efforts to protect the environment and ensure that financial resources are directed towards sustainable investments.
Addo-Brown noted that changing weather patterns, including variations in rainfall, can affect farming activities and make it necessary for farmers and agribusinesses to adopt more resilient production methods. He called for a broader approach to green finance, one that goes beyond traditional financial institutions and big corporations to support investments that deliver climate and environmental benefits.
The Ecobank-Joybusiness financial dialogue series is part of a broader effort to promote green finance and sustainable investments in Ghana. By bringing together stakeholders from various sectors, the dialogue aims to promote a better understanding of green finance and its role in supporting inclusive growth in the agricultural sector.
Key points
- Green finance should go beyond banks and big corporations to support climate and environmental solutions.
- The focus should be on understanding where green financing is going and whether it is reaching investments that can make a meaningful difference.
- Collective efforts are needed to protect the environment and ensure that financial resources are directed towards sustainable investments.
