United Nations Development Programme (UNDP), Global Investor for Sustainable Development (GISD) Alliance, and Ghana Investment Promotion Centre (GIPC) have launched the SDG Investment Platform in Ghana.
The platform offers 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 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.
The aim of the tool is to facilitate private sector investments that contribute to furthering the SDGs.
Developing countries face a shortfall of $4.2 trillion in the financing they would need in 2021 to keep them on track for the 2030 agenda for sustainable development, according to latest data from OECD.
With Ghana’s SDG financing gap estimated at $43 billion per year, the investment platform avails the means to correct the shortfalls and create a conducive investment climate to drive the country’s development agenda.
‘UNDP’s market intelligence 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 CEO of GIPC, Yofi Grant, said.
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’.
He said the GIPC will continue working with UNDP to facilitate sector-focused investments, and that the centre counts on the power of the SDG Investor Platform to make Ghanaian opportunities available to international audiences.
The SDG Investor Map has identified investment opportunity areas (IOAs) within five sectors – agriculture, infrastructure, communications, health care and consumer goods – in Ghana where the private sector can explore.
The identified IOAs include construction of affordable housing, provision of interest hotspots for rural areas, and digitisation of health care delivery.
‘We will go deeper in each of the five sectors so that we go beyond the provision of market and sector intelligence to actual money invested in Ghana’, UNDP Deputy Resident Representative in Ghana, Silke Hollander, said.
To date, SDG Investor Maps has identified more than 200 investment opportunities in 14 countries. The production of SDG Investor Maps is expected to grow further in 2021 and 2022 across all continents.
Photo source: Modern Ghana