The United Nations will provide $500 million in development assistance to Ghana.
Under its newly proposed Cooperation Framework, the United Nations has hinted at the possibility of increasing aid to Ghana.
Under a previously signed framework, a total of $440 million was spent to assist the country in meeting its developmental needs.
According to Charles Abani, the UN Resident Coordinator in Ghana, the new framework (2022-2025) is expected to increase assistance to more than $500 million.
“This is a gross increase in the value that comes through the UN system into Ghana. The 261 (million) that we announced at the Global Citizens (festival) is the core part of that and that has been secured already.”
“For the rest, we are in the motion of raising that fund, which backs my pledge that we stand ready to support,”
According to a report titled, ‘The Impact of the War in Ukraine on Sustainable Development in Africa’, the United Nations Development Program (UNDP) noted that “Africa is facing a double crisis with the combined effects of the war in Ukraine and of the Covid-19 pandemic now is a critical time for action.”
“It is time to intensify efforts and reframe development finance, strengthen resilience in African economies, and foster economic transformation as a key driver for change in Africa,” the report added.
According to Charles Abani, the UN is collaborating with Ghanaian agencies to mitigate the impact of these exogenous factors impeding sustainable development.
He stressed that “We need to ensure that we are investing in things that matter most. We should work more on strengthening Ghana’s institutions and the capacity of Ghanaians,”
The UN hopes that the Ghanaian government will work with its officials to successfully flesh out the cooperation framework.
