UNDP’s $60 Million Boost Backs Ghana’s Fiscal Reforms and Climate Finance Agenda

The United Nations Development Programme (UNDP) has thrown its weight behind Ghana’s economic recovery and fiscal reform agenda with more than $60 million in support, marking a major step forward in the country’s efforts to build back stronger from recent economic challenges.

At a high-level meeting at Ghana’s Ministry of Finance, Deputy Finance Minister Thomas Nyarko Ampem emphasized the critical role the UN agency is playing in Ghana’s development path. Speaking during a courtesy call from UNDP Resident Representative Niloy Banerjee, the minister acknowledged the UNDP as a “thought leader and strategic partner” that aligns well with Ghana’s 2025 Budget and Economic Policy.

“We recognize the UNDP’s efforts in bridging financial gaps and advancing sustainable economic growth,” said Ampem.

Supporting Recovery, Resilience & Reform

The UNDP’s investment covers areas like:

• Fiscal and economic reform

• Climate finance strategy

• Governance and institutional strengthening

• Youth employment and digital innovation

A large portion of the support goes into strengthening Ghana’s Integrated National Financing Framework, helping the country gain better access to climate financing, and building resilience in public sector management.

Focus on Climate and Sustainable Finance

UNDP’s contributions also include:

• Technical support for Ghana’s climate finance roadmap

• Creation of an SDG Investor Map, highlighting private investment opportunities in key sectors like agriculture and infrastructure

• Advisory services for sustainable financing frameworks to support long-term economic growth

UNDP Reaffirms Long-Term Commitment

Resident Representative Niloy Banerjee praised Ghana’s recent economic policy reforms and reaffirmed UNDP’s commitment under the UN Sustainable Development Cooperation Framework (2023–2025). He pledged further support in areas such as:

• Debt management

• Economic diversification

• Climate resilience

📊 By the Numbers: UNDP’s Support to Ghana

💡 What It Means for Ghana

This partnership strengthens Ghana’s ability to:

• Close fiscal gaps

• Access climate finance

• Deliver on IMF-backed reforms

• Restore investor confidence

• Promote inclusive development

With multilateral institutions like UNDP on board, Ghana’s road to fiscal stability and sustainable growth gets stronger backing—especially in a post-COVID economic environment that demands bold reform and international collaboration.

Last Updated on June 10, 2025 by emryswalker