UNCDF has been present in Ghana since 2015, improving the accessibility of financial services for low-income population in urban and rural areas. Building local governments resilience to climate change and strengthening their fiscal space to deliver services.
Today, UNCDF offers catalytic finance models that unlock public and private resources in “last mile” environments, especially at the domestic level, to reduce poverty and support local economic development.
UNCDF is bringing its expertise in promoting financial inclusion and local development to support job creation through the Boosting Green Employment and Enterprise Opportunities in Ghana (GrEEn). The programme, funded by the European Union Trust Fund for Africa is implemented in partnership with SNV. GrEEn will contribute to addressing the root causes of irregular migration, through green and climate resilient local economic development, as well as improving the prospects of beneficiaries, by increasing access to finance of returnees, youth and women, in selected regions (Ashanti and Western).
UNCDF is currently implementing its Local Climate Adaptive Living Facility (LoCAL) in Ghana, designed to help governments channel global climate adaptation financing to the local level. The overall objective of LoCAL Ghana is to improve the resilience of Metropolitan, Municipal and District Assemblies (MMDAs) and communities to climate change. LoCAL delivers on this commitment by increasing access to climate change adaptation financing, with performance-based climate resilience grants (PBCRG).
In 2020, UNCDF formed the Technical Assistance Facility in support of the International Municipal Investment Fund (IMIF-TAF). The TAF is primarily donor funded and aims to provide a full pipeline of local government investment opportunities in developing countries. Pipeline projects could benefit from UNCDF de-risking instruments (grants, reimbursable grants, concessional loans, guarantees) and capacity support to prepare projects to investment stage. One of the cities where project preparation for the TAF was conducted was Kumasi, Ghana.