President Akufo-Addo has expressed hope of raising the needed $25bn from western development partners to implement climate change adaptation programmes and projects on the Continent.
The $25bn, when fully secured, will be used to implement the broader Africa Adaptation Acceleration Programme, which will see to the equitable distribution of climate change resilient projects across Africa.
Already, the western world has made available some $12.5bn in pledges to support the adaptation acceleration programme.
The African Development Bank has also set aside some $3.5bn to support the programme.
“We’re hoping to raise the money to do the adaptation, that’s why we’re here,” said President Akufo-Addo at the ongoing Africa Climate Change Adaptation Summit.
President Akufo-Addo is the leader of the African Heads of States delegation at the Summit and is leading the charge to demand the $25bn funds from the Western world.
Touching briefly on the anticipated IMF programme with Ghana, President Akufo-Addo noted his government is determined to reach an agreement with the Bretton Wood Institution latest by the end of the year.
A position, that was earlier affirmed by the Director of the IMF, Kristalina Georgina.
Source:norvanreports