Business News of Thursday, 15 October 2026

Source: www.ghanaweb.com

Ghana's Climate Minister calls for stronger parliamentary role in climate finance

Ghana’s Minister of State for Climate Change and Sustainability, Seidu Issifu Ghana’s Minister of State for Climate Change and Sustainability, Seidu Issifu

Ghana’s Minister of State for Climate Change and Sustainability, Seidu Issifu, has called for stronger parliamentary oversight and improved access to climate finance to help vulnerable countries build resilience against climate change.

He said climate financing must be “accessible, affordable, predictable and aligned with national development priorities” to help countries respond to climate shocks without worsening their debt burdens.

Speaking at the Climate Vulnerable Forum and V20 Global Parliamentary Group Dialogue in Bangkok, Thailand, on Thursday, October 15, 2026, Issifu stressed that climate action must deliver tangible economic benefits, including job creation, improved food and energy security, and better livelihoods.

The dialogue was held on the sidelines of the 2026 IMF and World Bank Group Annual Meetings.

Issifu noted that climate-vulnerable countries face increasing pressure from climate-related shocks, rising debt and limited fiscal space, making access to climate finance critical to their development.

He highlighted initiatives such as the Vulnerability to Viability (V2V) Compact, Climate Prosperity Plans and the V20 Lifeline Fund as important tools for mobilising investment and helping countries withstand climate shocks without derailing development.

The Minister stressed that international climate commitments must translate into “implementation and measurable results”, with Parliament playing a key role in ensuring accountability.

He urged lawmakers to promote policy continuity through legislation and cross-party consensus, align budgets with national development priorities and strengthen oversight to ensure public funds are used effectively.

He also called for climate investments that respond to local needs and protect vulnerable communities.

Issifu reaffirmed his office’s commitment to engaging Parliament early in the climate policy process, sharing investment priorities, explaining financing arrangements and reporting transparently on implementation.

He said achieving climate prosperity requires a shift “from plans to bankable projects and from commitments to investments”, supported by stronger partnerships among governments, parliaments, financial institutions and development partners.



Story by Mawuli Ahorlumegah, reporting from the 2026 IMF/World Bank Annual Meetings in Thailand, Bangkok