UGBS Faculty Address Issues On Green Finance In Ghana

UGBS Faculty Address Issues On Green Finance In Ghana
Jul 16, 2021

The University of Ghana Business School (UGBS) calls for partnership between academia and industry to bridge the disparity between the Green Financing sectors in Ghana. This partnership aims to publicise Green Business activities in the country. The request was made at the Green Finance Champion’s Event held at the Graduate Building of the School on the 6th of July 2021.  Speaking at the event, Professor Albert Ahenkan, an Associate Professor, and an Environment and Sustainable Development Expert at the UGBS, stated that lack of data is the effect of climate financing in the country. “To generate data, there is the interface between the academia, the industries, and the government which needs to be bridged. There is a lot of data in the academia which must be tapped into”, he declared. Professor Ahenkan suggested that the government and private sectors should collaborate with academia to build capacity in climate financing. The government must, therefore, aid to build capacity in the industry to attract investors.

In an interview with the UGBS Marketing and Communications Unit News team, Professor Justice N. Bawole, the Dean of UGBS called for a sustainable funding scheme for businesses in the Green Economy Space. He revealed that one of the challenges that the green economy space face is the lack of understanding about the businesses they are in. He stated that many of them are social enterprises that are not focusing on profit but need funding to survive. “The businesses in Green Finance must be granted funding that does not come with an interest rate or any repayment, so that they can invest in areas that do not have guaranteed profit immediately”, he suggested.

 

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