1. Skip to content
  2. Skip to main menu
  3. Skip to more DW sites

Financing green projects in Ghana

Jürgen Schneider
May 5, 2022

A new online platform is trying to help businesses get their green projects off the ground. Some contributors see a smart investment opportunity, others want to do something good for the environment.

Two men talking wearing hardhats
Sylvester Ayisi from frankly.green Ghana discussing a new toilet paper plant being builtImage: Sylvester Ayisi

Crowdfunding for a greener Ghana

In Ghana, small- and medium-size enterprises often have a hard time getting financing. This is especially true for businesses working with newer green technologies or climate projects. Banks and investors have difficulty properly evaluating what the businesses are trying to do and if they have a chance of success.

An initiative is specifically going after these startups. In 2020, it launched an online platform called frankly.green  to connect potential investors with companies.

It is based on an idea it calls crowdinvesting or crowdfunding where investors pool small contributions to finance projects together. Some financial supporters want to do something good for the environment, others see a smart investment opportunity in a promising business idea. So far, investments in companies range from €100 to €25,000.

The initiative originally came from the Frankfurt School of Finance & Management and focuses on developing nations. In Ghana, among other projects, it is currently supporting an established solar panel business. Customers can lease them or opt for a lease-to-own option. 

Solar panels and workers on a steep roof in Ghana
Solar panels in Ghana installed by Translight SolarImage: Sylvester Ayisi

Project goal: frankly.green encourages small-scale investment projects that play a role in climate action in Ghana, Peru and Rwanda.

Budget: For its initial phase, the initiative plans to support around 60 projects and mobilize €6.2 million of private financing from small investors. It has received €3.6 million in funding from the German Federal Ministry for the Environment as part of the International Climate Initiative (IKI).

Partner organizations: The Frankfurt School of Finance & Management, the Fund for Environment and Climate Change in Rwanda, the Ghana Ministry of Energy and Petroleum, and the Peru Ministry of Environment

Duration: March 2019 – December 2023

A video by Richard Ocloo and Jürgen Schneider