WEF teams up with Ghana to launch Africa’s 1st Country Financing Roadmap

WEF teams up with Ghana to launch Africa’s 1st Country Financing Roadmap

- The World Economic Forum is in partnership with Ghana to launch the first Country Financing Roadmap initiative in Africa

- It is hoped that the project will lead to the address of challenges in funding the Sustainable Development Goals

- One of the reasons Ghana was selected is because it has become a social and sustainability champion in the wake of the coronavirus outbreak

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The government of Ghana has a partnership agreement with the World Economic Forum (WEF) to outdoor the first Country Financing Roadmap (CFR) initiative in Africa.

YEN.com.gh has learned that the project is in collaboration with a WEF and Organisation for Economic Co-operation and Development(OECD) or Development Assistance Committee (DAC) joint initiative known as the Sustainable Development Investment Partnership.

The motive behind the partnership is to address challenges in the financing of the Sustainable Development Goals (SDGs).

READ ALSO: African Development Bank gives Ghana $69 million to combat the coronavirus

According to WEF, the outbreak of the coronavirus has led to an upheaval of health systems and has had a serious impact on the global economy.

Per a report by citibusinessnews.com, Ghana has, nonetheless, emerged as a social and sustainability champion in the wake of social and economic crisis.

WEF went on to say that despite the fact that Ghana has been affected by COVID-19, it has worked hard to contain the spread of the pandemic on society.

WEF teams up with Ghana to launch Africa’s 1st Country Financing Roadmap
President Akufo-Addo Source: Al Jazeera
Source: UGC

Challenges such as climate change and desertification remain issues to be addressed in Ghana and WEF has, therefore, expressed concern about inequalities in society and the setback on the economy.

In other news, the Minister of Finance, Ken Ofori-Atta, has called for deeper reforms as Africa combats the outbreak of the coronavirus.

In his opinion, the coronavirus pandemic has undoubtedly had the greatest economic impact since World War II.

He added that Ghana expected to record a GDP growth of 6.8% in 2020 but is currently projecting a 1.2% growth.

READ ALSO: Global investors are unfair to Africa - Ken Ofori-Atta

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Source: Yen

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