At least one million more people could fall into poverty due to shocks if urgent climate actions are not taken.
World Bank’s new Country Climate and Development Report for Ghana made this statement at a report launch in Accra.
To them income could also reduce by up 40% for poor households by 2050.
The analysis calls for pursuing a development pathway that builds resilience to climate change and fosters a transition to low carbon growth through a combination of polices and public and private investment.
Ghana’s economic and human development is vulnerable to climate change, On average, flooding affects around 45,000 Ghanaians every year, and half of Ghana’s coastline is vulnerable to erosion and flooding as a result of sea level rise.
Without prompt actions, the World Bank pointed out that the higher temperature and heat stress will affect crop and labor productivity, whilst more erractic rainfall patterns will damage buildings and infrastructure.
The report said Ghana has achieved major development gains over the past three decades, but progress has slowed down.
The report demonstrate that Ghana can simultaneously pursue its long term development and climate goals” said Pierre Laporte , World Bank Country Director for Ghana, Liberia, and Sierra Leone.
Ghana’s contribution to global greenhouse gases emissions is small, with emissions on a per capita basis at 24% of the global average. The country can take a more resilient development pathway, avoiding costly lock-ins, leapfrogging to cutting edge technologies, and starting to mobilize climate finance.
The report identified six priority areas for a Climate Resilient and Low Carbon Development pathway that will foster greener, resilient, and inclusive growth in the country.
The World Bank Group’s Country Climate and Development Reports are new core diagnostic reports that explore the interlink between climate change and development.
They help countries prioritize the most impacful actions that can foster a low carbon transition and boost resilience, while delivering on broader development goals…… Story by Bugbila Moadow..