Home » Breaking News » GIPC, UNDP launch ‘SDG Investment Platform’ to close Ghana’s $43 billion SDG financing gap

GIPC, UNDP launch ‘SDG Investment Platform’ to close Ghana’s $43 billion SDG financing gap

The Ghana Investment Promotion Centre (GIPC) has partnered the United Nations Development Programme (UNDP) to outdoor the “SDG Investment Platform” meant to provide market intelligence on investment opportunities in Ghana to investors.

The launch sets in motion the UNDP’s enterprising initiative to accelerate SDG-aligned investments in the country by offering insight, data, and impact measurement tools to both local and foreign investors, with the purpose of fast-tracking attainment of Sustainable Development Goals (SDGs).

The SDG Investment Platform according to GIPC in a press release issued on Thursday, April 15, will help bridge the country’s SDG financing gap of $43 billion by correcting the shortfalls and creating a conducive investment climate particularly for SDG related investments to drive the country’s development agenda.

“UNDP’s market intelligence tool is closely aligned with the mandate of GIPC. The SDG Investor Map is a concrete and comprehensive set of information that helps us to identify investment opportunities that we can promote in support of the Government’s vision. The implementation of the SDG Investor Map follows exactly the approach we take at GIPC. This will support our efforts in facilitating an attractive investment framework and advocating for investors’ concerns in policymaking,” averred Yofi Grant, CEO of GIPC at the launch of the platform.

The SDG investor Map, a key feature of the platform, provides market intelligence for private sector investors, by translating country-level SDG gaps and priorities into investment opportunities.

Already, the SDG Investor Map has pointed out Investment Opportunty Areas (IOAs) within five (5) identified priority sectors in Ghana – Agriculture, Infrastructure, Communications, Healthcare and Consumer Goods – where the private sector can explore.

Notable among these IOAs are; construction of affordable housing, provision of internet hotspots for rural areas, digitalization of health care delivery, and scaling up aquaculture.

“We will go deeper in each of the 5 sectors so that we go beyond the provision of market and sector intelligence to actual money invested in Ghana. It is our hope, especially in this Decade of Action, that the SDG Investor Maps will accelerate investments needed to progress towards the achievement of the 2030 goals,” also remarked UNDP Deputy Resident Representative in Ghana, Silke Hollander.

Meanwhile, the SDG Investment Platform has also been identified as an exciting prospect to assuage GIPC’s efforts in raising 100 Billion Cedis through investments as envisaged in the country’s Coronavirus Alleviation and Revitalization of Enterprises Programme (Ghana CARES).

Source:GIPC

x

Check Also

IMF confirms Ghana’s intention to conduct debt restructuring in 2023

The Internal Monetary Fund (IMF) has confirmed that the government of Ghana has declared its ...