Accra, Ghana – Ghanaian businesses and government officials met with a delegation from Singapore yesterday to discuss exciting new opportunities in carbon credits. The Singapore-Ghana Carbon Markets Roundtable, held at the Accra Marriott Hotel, comes on the heels of a landmark agreement between the two nations to cooperate on carbon credits under the Paris Agreement’s Article 6.
Yofi Grant, GIPC CEO, addressed the session, highlighting Ghana’s readiness for investment in carbon credits. He pointed to promising prospects in sectors like tourism, agriculture, and renewable energy. Grant emphasized the importance of capacity building, participation in global markets, and improved biodiversity measures to further boost investment potential. He also stressed the need for stronger Ghana-Singapore partnerships to drive economic development.
The roundtable concluded with a bilateral meeting between Grant and Singapore’s Minister of State for Trade and Industry, Mr. Alvin Tan, who led the Singaporean delegation. Ghanaian project developers showcased key initiatives aimed at providing carbon mitigation solutions.
Ghana is a frontrunner in the Article 6 carbon market space. In 2022, it became one of the first countries to establish a national framework for carbon markets. A dedicated Carbon Market Office (CMO) was also established to provide administrative and technical support to the public and facilitate Ghana’s participation in international carbon markets.
Mr. Grant welcomed the delegation and toured them through the center, explaining its role in promoting Ghana as an attractive business destination. The visit strengthens strategic trade ties between the two nations.
