Ghana Sign $517m Cooperation Agreement with UN

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The government of Ghana has signed the United Nations Sustainable Development Cooperation Framework (UNSDCF) agreement with the United Nations (UN) in Ghana. This agreement is the primary tool for planning and executing UN development activities in Ghana and will be effective for three years, from 2023 to 2025.

The signing ceremony was in Accra, and the UN Resident Coordinator and United Nations Heads of Agencies were in attendance. Under the agreement, the UN will allocate approximately US$500m over three years for Inclusive Economic Transformation, Equitable Access to Services, and Durable Peace. The framework covers essential areas such as financing, the environment, climate, digitalisation, urbanisation, data for decision-making, and strengthened partnerships across all pillars.

The UN development system is committed to the Sustainable Development Goals (SDGs), leaving no one behind, a human rights-based approach, Gender Equality and Women’s Empowerment, building resilience, sustainability, and strengthening accountability. The UN Resident Coordinator for Ghana, Charles Abani, thanked the government of Ghana, the private sector, civil society, non-governmental organisations, youth groups, and other key stakeholders for their participation in developing the framework.

The Finance Minister of State at the Ministry of Finance, Dr. Mohammed Amin Adam, welcomed the renewed and strengthened cooperation between the Government of Ghana and the United Nations. He highlighted that the cooperation framework aligns with the government’s development agenda, the AfCFTA Secretariat, and UN work to educate women and youth-led Micro, Small, and Medium Enterprises (MSMEs) in integrated business approaches well as the government’s efforts to reform education.

As well as pointing out that the government is seeking alternative sources of finance, including green and sustainable funding, he called on the UN to use the Global Compact on Sustainable Financing to assist Ghana in taping into climate financing options such as private sector investment, carbon financing, and promoting renewable energy.

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Source: Omanghana.com


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