United Nations Development Programme (UNDP), the United Nations Global Compact (UN Global Compact) and the International Chamber of Commerce (ICC) have selected Ghana to receive financial support from their Covid-19 Private Sector Global Facility.

UNDP Administrator Achim Steiner made this known at the SDG Business Forum during the UN General Assembly.

Development Diaries gathered that the Covid-19 Private Sector Global Facility is a global initiative and a collaboration bringing together public and private sector partners to help communities recover better from the pandemic.

It is a response to corporate calls to action for private sector leaders and governments to work together to address the negative impact of the pandemic.

‘As Covid-19 disrupts societies, development agendas must adjust accordingly’, Steiner said.

‘There is a need for inclusive multilateralism, drawing on the critical contributions of civil society, business, foundations, the research community, local authorities, cities, and regional governments’.

He said the facility was the first of its kind, designed to join forces across public and private sectors to serve humanity in an imperative moment.

Secretary-General of ICC Ghana, Emmanuel Doni-Kwame, said, ‘The pandemic has radically changed the lives of entrepreneurs and their countries’ economic environment, especially in Africa.

‘As the focus is on Ghana, we are ready to support to scale up this global impact initiative to help redefine the future of businesses’.

Executive board member at ICC, Valentina Mintah, said that the global facility would provide practical support for the real economy, delivered through in-country projects targeted at the needs of SMEs.

Source: Ghanaian Times

Photo source: United Nations Development Programme

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