UBA Partners UNDP To Boost Youth And Women-Led MSMEs

Leading pan-African financial institution, United Bank for Africa (UBA) Ghana has joined forces with the United Nations Development Programme (UNDP) through a Memorandum of Understanding (MoU) to provide substantial support to youth and women-led micro, small, and medium-scale enterprises (MSMEs) in Ghana.

Lovetvnews Nigeria reports that the partnership aims to uplift such enterprises, leading to job creation, increased revenue, and a meaningful reduction in environmental impact.

The collaboration also seeks to facilitate access to climate financing schemes, augment financial inflows from climate funding channels, and translate Ghana’s climate commitments into tangible actions.

This online news medium gathered that the cooperative effort between UNDP and UBA Ghana will involve the development and execution of innovative programmes and mechanisms, bolstering UBA Ghana’s capability to access climate financing avenues, including the Green Climate Fund (GCF).

Chris Ofikulu, the Managing Director of UBA Ghana and Regional Chief Executive Officer of UBA West Africa, underscored UBA Ghana’s commitment to supporting the Sustainable Development Goals (SDGs) and its dedication to providing tailored financial solutions for businesses of all sizes, including SMEs.

Dr. Angela Lusigi, the UNDP Resident Representative in Ghana, highlighted the initiative’s goal to channel resources towards development by encouraging businesses to integrate the SDGs and climate action into their decision-making processes.

This collaboration will offer comprehensive service support, capacity building, and specialised guidance in areas such as corporate governance, branding, marketing, financial support, and product development.