The Ghanaian economy experienced a positive growth trajectory over the past decade; however, the economic structure has not changed as the country continues to depend on natural resource extraction, such as gold and oil. This has had a significant negative environmental impact.
The COVID-19 pandemic has also eroded many economic gains and created significant job losses in both the formal and informal sector, where many Ghanaians are employed. But, the COVID-19 pandemic has created an opportunity for the Government of Ghana to shift from natural resource-based development to socially inclusive and sustainable environmental development.
This paper shows that the Government of Ghana has an opportunity to implement a green recovery through its medium- and long-term economic revitalization programme. Using the fiscal space created through debt reliefs and concessionary loans, it could invest in green programmes to foster green jobs.
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The present report on inclusive green growth in Ghana provides an account of the overall policy framework and mechanisms to promote inclusive green growth (IGG) in the country. It documents good practices, success stories and lessons learned in selected sectors of the country’s economy. The report contributed to informing the...