Ghana’s carbon market is projected to generate over $1 billion in investments by 2030, boosting job creation and advancing clean energy solutions, according to a new report by the Carbon Market Office (CMO).
The country has positioned itself as a key player in carbon trading by making 24 million metric tonnes of its 64 million carbon credits available for sale under the Paris Agreement’s Article 6.2. With 70 projects submitted for approval by the end of 2024, Ghana is actively leveraging carbon finance to cut emissions and drive green development.
Among the projects, clean cookstove initiatives lead with a goal of distributing 9.1 million stoves by 2030, alongside proposals for electric mobility solutions, nature-based initiatives, and solar energy generation.
Ghana has already signed carbon trading agreements with Switzerland, Sweden, and Singapore, with ongoing discussions with South Korea and Liechtenstein. The report highlights that the market will not only attract investments but also encourage businesses and individuals to adopt sustainable technologies.
With strong policies and investor support, Ghana is poised to become a major player in Africa’s carbon trading landscape.
