By Patrick Ofoe Nudzi
Accra, Sept. 18, GNA – The European Union (EU), the Netherlands and Fidelity Bank Ghana have launched the Green Innovation Fund (GIF) with a capital of €6.668 million to support the growth of Ghanaian enterprises.
The Fund will provide financing and support to businesses, particularly small and medium-sized enterprises (SMEs), to adopt green technologies, expand, create sustainable jobs and position them to compete in domestic and European markets, and the African Continental Free Trade Area (AfCFTA).
The Fund was launched during the European Union Session of the Ghana Industrial Summit and Exhibition 2026, organised by the Association of Ghana Industries (AGI), on the second day of the Summit at East Legon, Accra.
The dignitaries who launched the Fund, included Mr Sampson Ahi, the Deputy Minister of Trade, Agribusiness and Industry; Mr Rune Skinnebach, EU Ambassador; Mr Hans Akerboom, Ambassador, Kingdom of the Netherlands; Madam Diarra Dime-Labille, French Ambassador to Ghana; and Mr Julian Opuni, Managing Director of Fidelity Bank Ghana, alongside officials of the AGI.
Mr Skinnebach said the support stemmed from the recognition that Ghana had no shortage of ideas and entrepreneurs, but the missing link had been financing and the right support to turn those ideas into viable businesses, jobs and solutions capable of transforming the economy.
“This is precisely where we want the Fund to make a difference. The EU believes strongly that the private sector is a driving force for sustainable economic growth,” he said.
The Ambassador said the Fund would create opportunities for innovation and help move concepts into concrete investments, businesses and measurable economic and environmental impact.
The Fund formed part of the broader EU-Ghana partnership and the Global Gateway strategy, which focused on investing in sustainable growth, digital transformation, skills, innovation and resilient economies.
Of the €6.668 million capital, €4.3 million was contributed by the EU and the Netherlands, while Fidelity Bank Ghana contributed €2.368 million.
The Green Innovation Fund is part of the €17.3 million Green, Digital and Inclusive Private Sector Development (GDI PSD) Project, a four-year initiative launched by the European Union, the French Embassy and the Embassy of the Netherlands in January 2026.
The project seeks to support a greener, more digital and inclusive private sector, improve access to finance, strengthen the business environment, and enhance entrepreneurs’ capacity to adopt green and digital solutions.
Mr Ahi urged enterprises, particularly SMEs, to leverage the Green Innovation Fund not only to expand their businesses but also to access global markets.
He said the Fund was more than a financing window, describing it as a bridge between Ghanaian ingenuity, global opportunities and the markets of the future.
“As enterprises, you must adopt digital and cleaner technologies to position yourselves for the Ghanaian, European, African Continental Free Trade Area, and global markets,” Mr Ahi said.
GNA
Edited by Agnes Boye-Doe
Patrick Ofoe Nudzi