The Executive Director of the Africa-China Centre for Policy and Advisory (ACCPA), Paul Frimpong, has affirmed that strengthened green finance cooperation between China and Africa has the potential to “redefine the continent’s industrial future.” He delivered this message during his keynote remarks at the virtual launch of the Ghana and Ethiopia Sino-Africa Green Finance Alliance (SAGFA) Reports, produced with the support of the African Climate Foundation (ACF).
In his address, the Executive Director emphasized that Africa stands at a critical juncture where industrialization, climate resilience, and sustainable development must converge. He noted that China’s expanding green finance architecture—combined with Africa’s growing climate ambitions—creates a unique opportunity for African countries to drive a new era of low-carbon, innovation-led industrial transformation. He stressed that the SAGFA reports offer a timely evidence base for policymakers and financial institutions seeking to translate this opportunity into coordinated action.
The event highlighted key insights from the Ghana and Ethiopia reports, which map the structure and flows of green finance, assess sectoral opportunities, and examine the role of bilateral and multilateral partnerships in enabling climate-aligned investment. Mr. Frimpong underscored that the findings point to both progress and persistent gaps. While renewable energy deployment, climate-smart agriculture, and forest conservation initiatives demonstrate the potential of targeted climate investments, fragmented financial flows, uneven policy implementation, and institutional capacity constraints continue to limit the scale and impact of green financing.
Referencing Ghana’s experience, he noted that the country’s adoption of the Green Finance Taxonomy (2024) and its commitments under the Nationally Determined Contributions (NDCs) signal important policy advancements. However, he emphasized that stronger coordination among ministries, financial institutions, and international partners is essential to unlocking larger volumes of green capital and accelerating sustainable industrialization.
On Sino-Africa cooperation, the Executive Director highlighted the need for greater transparency, technology transfer, and alignment with national priorities to enhance the effectiveness of China-supported green initiatives under the Forum on China–Africa Cooperation (FOCAC). He called for a renewed partnership model anchored in shared accountability, long-term planning, and collaborative innovation.
Mr. Frimpong reiterated ACCPA’s commitment to supporting evidence-driven policy dialogue through initiatives like SAGFA, noting that the reports offer “a roadmap for building the institutions, partnerships, and financial ecosystems Africa will need to industrialize sustainably.”
The full SAGFA Reports for Ghana and Ethiopia are available at:
🌐 https://africachinacentre.org/our-reports/
Source: www.sinoafricainsider.com