Ghana will receive a $17.2 million (£12.04m) grant to build a new climate innovation centre (CIC).
The World Bank is funding the project which will support more than 100 local clean technology companies develop innovative solutions to tackle climate change.
Ghana CIC aims to help more than 300,000 people increase resilience to climate effects in the next 10 years.
The hub is expected to reduce 660,000 tons of CO2 and contribute to the production of more than 260 million kWh of clean energy.
Henry Kerali, World Bank Country Director for Ghana said: “The Ghana CIC solidifies the role of the private sector in helping Ghana mitigate and adapt to climate change. By enabling entrepreneurs and green innovators to test and scale their business models, homegrown clean technology solutions can help the country build climate resilience while also creating jobs and fostering economic growth.”
The CIC is expected to open in the second quarter of 2016.