Annual climate finance Gap

Ghana’s bid to address escalating impacts of climate change on its agricultural sector is threatened by a widening climate finance gap estimated at some US$14.25billion annually. This huge financing gap, as revealed by Chief of Party, Feed the Future Ghana Mobilizing Finance in Agriculture (MFA) Activity, Dr. Victor Antwi, raises concerns about the country’s ability to implement robust measures to safeguard its agricultural sector, which is already grappling with the adverse effects of climate change. Referencing a study by Pangea Global Ventures which shows that only five percent of Ghana’s US$15billion climate finance requirements are met annually, he acknowledged the…