USAID Africa Trade and Investment Partnerships Opportunity: 

USAID Ghana Annual Program Statement (APS) Addendum

June 6, 2023

 

Funding Opportunity Title:                               ATI Partnerships in Africa Trade and Investment in the                                                                                           Climate Finance Activity 

Announcement Type:                                        Annual Program Statement

Funding Opportunity Number:                         APS-ATI-001

Issuance Date:                                                    June 6, 2023

Deadline for Questions:                                     N/A – accepted on rolling basis

Closing Date Concept Papers:                         December 31, 2023 5:00PM STATUS: CLOSED

 

 

Overview of ATI:

USAID established the Africa Trade and Investment (ATI) Program to mobilize enterprise-driven solutions that increase trade and investment and contribute to job creation in Africa.

Overarching Priorities for USAID/Ghana under ATI: 

  • Increased Trade
  • Increased Investment
  • Improved Enabling Environment 

In 2021, Ghana submitted its updated Nationally Determined Contributions (NDCs) to the United Nations Framework Convention on Climate Change (UNFCCC) with specific targets to reduce greenhouse gas (GHG) emissions by 64 million tons CO2 emission. Ghana, through its updated NDCs, intends to mobilize between $9.3 and $15.5 billion of investment to implement 47 programs of action (13 adaptation and 34 mitigation) over a 10-year period (2020-2030). Ghana is taking advantage of available domestic (public, private) and international climate finance to mobilize financial resources for climate action and NDC implementation . As part of this effort, the country  is integrating climate change planning considerations into all public and private investments. This step would help Ghana manage risks in the private financial sector, while also protecting and improving public and private built and natural assets for the betterment of the Ghanaian people. To support the effort, USAID Ghana is inviting concepts specifically covering GHGs mitigation and emission reduction activities. This will support the country’s NDCs implementation and sustainable development objectives advancing “The Ghana Climate Finance Co-Investment Facility opportunity”.

The Ghana Climate Finance Co-Investment Facility

USAID Ghana Climate Finance Co-Investment Facility is inviting concepts specifically related to GHG emission reduction activities, with adaptation co-benefits and that align with the NDCs Climate Finance Mitigation activities on the whitelist of Ghana’s National Greenhouse Inventory applicable to IPCC guidelines- https://cmo.epa.gov.gh/wp-content/uploads/2022/12/Ghana-Carbon-Market-Framework-For-Public-Release_15122022.pdf

This activity is under the Feed the Future (FtF) Initiative in Ghana which aims to reduce poverty by diversifying the economy and boosting household incomes in alignment with the  US Government Global Food Security Strategy https://www.feedthefuture.gov/resource/u-s-government-global-food-security-strategy-fy-2022-2026-english/. The success of the activity in Ghana would improve and streamline procedures for efficient trade, advance policies that spur private sector investment, and enhance regional integration across Africa.

Illustrative Intervention for Climate Financing under ATI:

  • Economic diversification plans including Voluntary Carbon Market (VCM) initiatives that generate carbon offset credits for domestic and international voluntary commitment 
  • Verified emission reduction (VERs) that facilitate greenhouse gas (GHGs) emission reductions mitigation and adaptation  co-benefit investment activities
  • Climate Finance related mitigation and investment models that create opportunities for authorized and transferable Internationally transferred mitigation outcomes (ITMOs) that meet the Sustainable development objectives of Ghana and the International crediting standards.

Current Funding:

Support awarded under this activity will be in the form of grants within the range of $150,000 to $500,000.00, although other size awards will be considered. The current ceiling for the funding associated with this addendum is $1,500,000. This ceiling figure will be updated via amendment when/if new funding is added to ATI.

Information on Applying: CLOSED ON DECEMBER 31ST 2023

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