Ghana IntelBrief
Back to Latest Briefings
Beyond the UNFCCC COPS : A New Climate Coalition puts science at the heart of global action
May 3, 2026
AI-Enhanced

Beyond the UNFCCC COPS : A New Climate Coalition puts science at the heart of global action

Money
Policy
Opportunity
Growth

Key Points

  • A new model of global climate governance is emerging, prioritizing science over politics in decision-making, distinct from traditional UN climate negotiations.
  • The first global summit dedicated to phasing out fossil fuels was held in Santa Marta, Colombia, in April 2026, bringing together countries committed to a clear transition away from oil, gas, and coal.
  • This summit led to the creation of the Science Panel for the Global Energy Transition (SPGET), designed to provide direct, policy-relevant scientific guidance to participating governments.
  • Key recommendations include an immediate halt to new fossil fuel infrastructure, elimination of fossil fuel subsidies, and rapid scaling of renewable energy investments.
  • This signals a rise in "coalition-based climate governance," offering speed and ambition but raising questions about inclusivity, with significant implications for countries like Ghana.

Why This Matters

For Ghana, a nation with developing fossil fuel interests and renewable energy potential, this new coalition-based climate governance presents a critical juncture. It could unlock vital climate finance and technology transfer, positioning Ghana as a leader in the Global South, but also necessitate challenging policy reforms such as adjusting energy subsidies and reassessing its fossil fuel development strategies.

Read Full Article

View original source

Related Articles

GoldBod denies GH¢1bn BoG overdraft claim, demands retraction and apology from Boako

August 24, 2026

GoldBod denies GH¢1bn BoG overdraft claim, demands retraction and apology from Boako
  • The Ghana Gold Board (GoldBod) has vehemently denied claims by MP Dr. Gideon Boako that it owes the Bank of Ghana (BoG) a GH¢1 billion overdraft.
  • Dr. Boako, a Deputy Ranking Member on Parliament’s Finance Committee, questioned GoldBod's reported GH¢907 million profit, stating an outstanding overdraft would reflect a loss.
  • GoldBod labeled Dr. Boako’s claim as “totally false,” a “deliberate and malicious smear campaign,” and demanded a retraction and apology.
  • This dispute is set against a broader political and economic debate concerning GoldBod’s financial performance and the accounting treatment of GH¢22 billion losses from the Domestic Gold Purchase Programme (DGPP).
  • GoldBod asserts it has never taken any loan, overdraft, or debt instrument from the Bank of Ghana or any financial institution since its establishment.
Read full briefing

GoldBod losses remain key on Minority agenda as Parliament reconvenes – Afenyo-Markin

August 24, 2026

GoldBod losses remain key on Minority agenda as Parliament reconvenes – Afenyo-Markin
  • The NPP Minority Leader, Alexander Afenyo-Markin, reaffirmed the caucus's commitment to investigate a reported US$1.7 billion loss linked to the Bank of Ghana’s Domestic Gold Purchase Programme and the Ghana Gold Board (GoldBod).
  • This commitment was reiterated after Afenyo-Markin met with NPP flagbearer Dr Mahamudu Bawumia in Accra.
  • Dr Bawumia commended the Minority Caucus for its accountability efforts and encouraged their continued work.
  • The reported loss, equivalent to about 1.5% of Ghana’s GDP, will be a key issue for the Minority as Parliament reconvenes.
  • The Minority is resolute in pursuing the matter to get answers for the Ghanaian public regarding the circumstances of the loss.
Read full briefing

Ghana IntelBrief

August 23, 2026

Why celebrate $2.62bn FDI while losing $1.7bn under the Domestic Gold Programme? IERPP asks
  • The Institute of Economic Research and Public Policy (IERPP) welcomes Ghana's US$2.62 billion Foreign Direct Investment (FDI) as a sign of investor confidence.
  • However, IERPP tempers this optimism with concern over an estimated GH¢22 billion (US$1.7 billion) loss from the Domestic Gold Purchase Program (DGPP).
  • The DGPP loss is significant, equating to about 65 cents for every US$1 of FDI attracted, highlighting a major resource management issue.
  • IERPP emphasizes that while FDI is crucial, it cannot substitute for prudent management and protection of existing public resources.
  • The Institute calls for greater transparency, a clear breakdown of DGPP losses, and intense scrutiny from accountability institutions, Parliament, and civil society.
Read full briefing