GTYA Calls for Green Bonds in Gov’t GH¢10bn Bond Plan
Green Tax Youth Africa (GTYA) has lauded the government’s plan to raise GH¢10 billion through bond issuance, describing it as a timely intervention amid Ghana’s tight fiscal space and growing development challenges.
The Executive Director of GTYA, Mr. Nii Addo, said the bond programme presents a major opportunity for Ghana to shift from conventional debt instruments to green and sustainability-linked bonds that can deliver long-term economic and environmental benefits.
According to him, countries such as the Philippines, Kenya, Nigeria, South Africa, Chile, and Indonesia have successfully raised funds through green and sustainability bonds to finance renewable energy, infrastructure, climate resilience, and social protection programmes.
Mr. Addo noted that Ghana could leverage green bonds to finance climate-resilient infrastructure, renewable energy, climate-smart agriculture, and nature-based solutions, while ensuring that proceeds directly benefit vulnerable groups including women, youth, rural communities, and informal sector workers.
GTYA urged the government to back the bond issuance with a clear sustainable finance framework aligned with international standards such as the International Capital Market Association’s Green Bond Principles, to boost investor confidence and prevent greenwashing.
The group further called for mandatory ESG disclosures for large bond issuances, transparent allocation and independent verification of proceeds, and greater participation of pension funds and insurance companies in sustainable investments.
GTYA stressed that embedding sustainability into Ghana’s debt strategy could position the country as a leading hub for sustainable finance in Africa while strengthening resilience against future economic and climate shocks.
