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As part of the climate action and sustainable transition to a low carbon economy, Finance Minister Ken Ofori-Atta has disclosed that the government intends to invest in the use of technology, and will, in partnership with the private sector, invest in the assembly and integration of electric motorbikes.
This was contained in the 2022 budget statement Mr Ofori-Atta presented before parliament on Wednesday, 17 November 2021 in Accra.
He said Ghana’s post COVID-19 economic recovery agenda provides an opportunity to build back better through innovation and more aggressive pursuit of green growth.
In this regard, he noted that the government has put in place climate change interventions to leverage the drive towards a green transition in a manner that promotes sustainable growth, financial and fiscal stability, increased employment, and reduced inequality.
Ghana’s response to climate change, he stated will, therefore, play a key role in achieving the country’s transformation agenda, and medium to long-term national development objectives.
“Mr. Speaker, having launched our updated Nationally Determined Contributions at the recently ended COP 26, Ghana has reiterated its readiness to leverage its natural resources to fund a sustainable transition to a low carbon economy,” he said.
He explained that “this will be done by facilitating private sector participation in low carbon activities in a manner that generates more jobs for Ghanaians and improves our general wellbeing.”
The finance minister added that beyond emission reduction through natural infrastructure, the government is also investing in more forest conservation and sustainable land use programmes to provide opportunities for local entrepreneurship and job creation involving youth and women as well as strengthening small and medium scale enterprises (SMEs).