Ghana Calls for Bold Capital to Drive Africa’s Clean Energy Transition

By: Christian Sowada

Minister of State for Climate Change and Sustainability, Hon. Seidu Issifu, has made a passionate appeal for increased investment in clean energy across Africa. Speaking at the ClimateWorks Foundation & One Planet Sovereign Wealth Fund (OPSWF) Network High-Level Roundtable in New York, Hon. Issifu emphasized the need for bold capital to unlock the continent’s vast renewable energy potential.

On Ghana’s Clean Energy Blueprint, Hon. Issifu highlighted Ghana’s efforts to create a favorable environment for clean energy investment, by establishing the Office of the Minister of State for Climate Change and Sustainability to ensure whole-of-government coordination and accountability. Also, developing a Climate Change and Sustainability Hub to mobilize climate finance and provide critical data to investors.
He further stated treamlining permitting processes and introducing green tax incentives to attract private capital.
His last point was about collaborating with development finance institutions and private developers to roll out utility-scale solar projects and rural mini-grids.

A Call for Scaled-Up Capital

Minister Issifu urged global investors and sovereign wealth funds to match Africa’s policy reforms with bold, patient capital. He emphasized the need to bridge the gap between ambition and capital, and called for:

Expanded blended finance facilities to mitigate risks.

Technical assistance to strengthen project preparation and pipeline development.

Support for local manufacturing of solar panels and green hydrogen components to build African value chains and create green jobs.



Clean Energy as Africa’s Growth Engine

Hon. Issifu concluded that the clean energy transition is not only a climate imperative but a generational opportunity for Africa’s industrial transformation, job creation, and economic competitiveness. “Ghana is ready with the policies, the vision, and the institutional frameworks.

Now is the time to match this enabling environment with bold, patient capital that can turn plans into power — literally.”