The Green Finance Facilitator(GFF)

GFF is a program that provides advisory services to green businesses in Ghana to enable them to become investment ready and access green financing.
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What is GFF?

Ghana is taking significant steps towards transitioning to a sustainable and climate-resilient economy. This can unlock significant investment opportunities in clean energy, clean transport, sustainable agriculture, and other sectors.

To attract green investments, a pipeline of bankable green projects is needed. Currently, there is a gap between green finance providers, who report a lack of investable green business proposals, and Ghanaian businesses, who often lack the capacity to present green projects that meet the requirements of financial institutions. The Green Finance Facilitator (GFF) was created to help bridge this gap.

The Green Finance Facilitator (GFF) is a technical assistance program that provides advisory services to green businesses to enable them to become investment-ready and access green financing. This support spans financial feasibility review and financial modeling, business plan improvement and market analysis, structuring support to respond to financier requirements, and assistance with contractual negotiations and transactions, delivered through top-tier local business advisory firms.

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Project Eligibility and Application Guidelines

The GFF seeks to prepare businesses for financing through the provision of tailor-made business preparation and advisory services offered through local firms. Once financing packages are deemed “investment ready”, supported businesses will be introduced to financial institutions for funding consideration. Note that this mandate includes both green businesses and SMEs that seek to ‘green’ their operations by improving energy efficiency and resource use.

Frequently asked questions

  • What is GFF?
    The Green Finance Facilitator (GFF) is a technical assistance program that supports green businesses to enable them to become investment ready, equipping them with the necessary tools, strategies, and resources to access financing from potential investors and financial institutions.
  • How does the application process work?
    All applications will pass through an initial eligibility screening. Eligible and complete applications will be reviewed by a selection committee using a proprietary scoring method that reflects business needs and typical financier requirements. Once selected, applicants will be matched with local business advisory firms who will provide customized short-term support tailored to the business or project’s specific needs.
  • Is there a deadline for applications?
    Applications for the first cohort will be selected over a four-week period to be announced during the GFF launch scheduled for late November 2024. The estimated deadline for this first cohort is December 31, 2024. Calls for subsequent cohorts, including the application period and deadlines, will be announced on the GFF website and through partner organizations.
  • Who can apply for support from GFF?
    Interested businesses who believe they meet GFF eligibility criteria are encouraged to apply directly through the website. Financial institutions and investment funds may also refer businesses, whether or not such businesses are already clients (referred businesses should then apply through the GFF website). Large projects and SMEs are equally welcome to apply for Cohort One. Startup ventures will be accommodated in future cohorts. 
  • What are the requirements?
    Eligibility requirements are driven by the Ghana Sustainable Investment Framework, published by the Ministry of Finance, and by the recently released Ghana Green Taxonomy. Application requirements include the following, noting that not all businesses will have completed items 4 and 5 below. Applicants should use the Letter of Interest to describe their specific technical assistance needs.

    1. Completed Online Application Form

    2. Evidence of Registration of the Business

    3. Financial Statements

    4. Business Plan

    5. Financial Model and Projections

    6. Letter of Interest

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