The World Bank Group recently announced the upcoming launch of a new Climate Innovation Center (CIC) at Ashesi University to support Ghana’s green growth strategy. Financed by a US$17.2M grant from the World Bank, the CIC will be a green project incubation hub where entrepreneurs and businesses can access support to develop their innovative ideas into strong and viable businesses.
The center will help over 100 local clean technology companies develop and scale innovative solutions to climate change, and enable over 300,000 Ghanaians to increase resilience to climate change in the next ten years.
The grant agreement was signed by Henry Kerali, World Bank Country Director for Ghana, and Patrick Awuah, Founder and President of Ashesi University.
“The Ghana CIC solidifies the role of the private sector in helping Ghana mitigate and adapt to climate change,” said Henry. “By enabling entrepreneurs and green innovators to test and scale their business models, homegrown clean technology solutions can help the country build climate resilience, while also creating jobs and fostering economic growth.”
“I want to express gratitude to the World Bank, our consortium partners and the Ministry for working with us to get this project off the ground,” said Patrick. “As we launch into Engineering at Ashesi married with what we already do in business and entrepreneurship, the Ghana CIC is going to provide a really strong base for us to focus our attention on issues to do with adaptation to climate change.”
Ashesi University Foundation has committed to raise an additional $2.5M to build a permanent CIC facility on Ashesi's campus. Ashesi is eager to be a key partner in this project, and we hope our global community will join us to make this center a reality.
For more information on the center, please visit www.infodev.org/climate.