UBA Ghana and UNDP Sign MoU to Support Female SMEs, Green Entrepreneurship in Ghana

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The UBA Ghana and the United Nations Development Programme (UNDP) have come together to sign a Memorandum of Understanding (MoU) to support youth and women-led Micro, Small and Medium Scale Enterprises (MSMEs) in Ghana.

The aim of the partnership is to scale up youth and women-led MSMEs, increase jobs, drive revenue and contribute significantly to the reduction of environmental footprint.

The partnership will also help to access climate financing schemes as well as increase financial inflows from climate funding channels in order to support Ghana’s efforts to turn climate commitments into actions.

A statement disclosed that by this partnership, the UNDP and UBA Ghana will co-develop and implement a suite of innovative programmes and mechanisms to strengthen the institutional capacity of UBA Ghana to access climate financing schemes including the Green Climate Fund (GCF).

The Managing Director of UBA Ghana and Regional Chief Executive Officer of UBA West Africa, Chris Ofikulu, highlighted the significance of the partnership and pointed out that the partnership was a welcome development as UBA Ghana specialises in providing innovative financing to businesses including SMEs.

He added: “Collaborating with UNDP demonstrates UBA Ghana’s commitment to supporting the Sustainable Development Goals (SDGs), with a particular focus on providing custom financial solutions and growth opportunities for businesses of all sizes to facilitate inter–and-intra-African trade”.

He explained that the businesses will also receive a tailored programme of service support and capacity development in areas including corporate governance, branding, marketing, financial support, and product design/development to enable easier access to markets for their products and services.

The UNDP Resident Representative in Ghana, Dr. Angela Lusigi, said, “The UNDP is working to influence the flow of resources towards development by encouraging investors and businesses of all sizes to embed the SDGs and Climate action into their analytics, decision making and business practices.”

Dr. Lusigi concludes by further explaining that the MOU will promote Inclusive, Resilient and Green Entrepreneurship, by leveraging on the expertise of UNDP in working with MSMEs and innovators, and the expertise of UBA Ghana in supporting businesses.

 

 

 

 

 

 

 

 

 

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