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Ghanaian electric mobility startup Wahu Mobility has secured a groundbreaking carbon credit agreement with the Swiss government, becoming only the second global e-mobility project to transact under Article 6 of the Paris Agreement.
The historic deal is set to redefine Africa’s role in the emerging international carbon market while promoting low-emission transport alternatives for delivery riders and urban commuters.
“This authorisation marks a pivotal moment for Wahu Mobility and Africa’s e-mobility sector,” said Valerie Labi, CEO of Wahu Mobility.
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Under the terms of the agreement, 117,000 electric bikes will be deployed across Ghana within five years. The project is projected to avoid approximately 752,684 tonnes of CO₂ emissions by 2030, generating Internationally Transferred Mitigation Outcomes (ITMOs)—a form of carbon credit that will be sold to Switzerland.
The initiative took two years to validate and required dual approval from Ghanaian and Swiss authorities, signalling strong international cooperation on climate action.
Switzerland has been a leading player in the Article 6 landscape, aiming to cut emissions by 65% by 2035 compared to 1990 levels. Much of its offset strategy is driven by the Klik Foundation, an entity funded by Swiss fuel importers.
“This will accelerate the energy transition by bringing in technologies that wouldn’t have happened in the next five years,” said Michael Abrokwaa, Ghana Country Manager for Klik.
Klik is currently supporting 12 projects in Ghana, with potential investments reaching $1.1 billion.
Ghana itself is fast positioning as a regional carbon finance leader, with ambitions to sell up to 24 million tonnes of CO₂ credits. The country’s Environmental Protection Authority (EPA) has already authorised four projects under its newly established national carbon registry and approval committee.
Still, industry experts caution that the fragmented nature of the Article 6 mechanism—with countries setting their own rules—poses risks to market credibility.
“Establishing integrity is essential for unlocking demand from corporate buyers and governments,” noted Layla Khanfar, a research associate at BloombergNEF.
For Wahu Mobility, the stakes are high, but so is the potential. With its project now officially sanctioned, Ghana is poised to become a trailblazer in Africa’s carbon market, provided it maintains rigorous environmental standards and delivers on its early promises.
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