An analysis of climate finance flows in Ghana shows that an annual average of USD 830 million was tracked in 2019 and 2020. This is a meagre 5-9% of its required investment — estimated between USD 9.3-15.5 billion — highlighting the pressing need to bolster climate finance to achieve Ghana’s NDCs (UNFCCC, 2021). This gap is likely to be wider as countries often underestimate their financial needs due to a lack of capacity and guidance to make accurate assessments, especially on adaptation and a lack of data from subnational governments and vulnerable communities. This brief examines the lifecycle of climate finance and provides key insights into who is providing what type of finance and through which instruments to enable the identification of key gaps, opportunities, and areas of collaboration among capital providers based on available information.
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