United Bank for Africa (UBA) and UNDP Sign MoU to boost inclusive and green entrepreneurship in Ghana
August 10, 2023
United Bank for Africa (UBA) Plc and the United Nations Development Programme (UNDP) signed a Memorandum of Understanding (MoU) to support youth and women-led Micro, Small and Medium scale Enterprises (MSMEs) in Ghana to scale up their businesses, increase jobs and revenue and contribute to reduced environmental footprint.
The partnership is also seeking to support UBA Ghana to access climate financing schemes to increase financial inflows from climate funding channels to support Ghana’s efforts to turn climate commitments into actions.
Chris Ofikulu, Managing Director of UBA Ghana and Regional Chief Executive Officer of UBA West Africa highlighted the significance of the partnership, saying, “Collaborating with UNDP demonstrates UBA Ghana’s commitment to supporting the Sustainable Development Goals (SDGs), with a particular focus on providing custom financial solutions and growth opportunities for businesses of all sizes to facilitate inter and intra-African trade”.
Through the partnership, businesses will receive a tailored programme of business service support and capacity development in areas including corporate governance, branding, marketing, financial support, and product design/development to enable easier access to markets for their products and services. They will also be supported with energy efficiency audits and remedial actions to minimize their carbon footprints.
Dr. Angela Lusigi, UNDP Resident Representative in Ghana noted that “UNDP is working to influence the flow of resources towards development by encouraging investors and businesses of all sizes to embed the SDGs and Climate action into their analytics, decision making and business practices.
The MOU will promote Inclusive, Resilient and Green Entrepreneurship, by leveraging UNDP’s expertise in working with MSMEs and innovators, and UBA Ghana’s expertise in supporting businesses. UBA, the leading financial institution in Africa with its extensive network spanning over 31 branch networks in Ghana and 20 countries in Africa, 1000 branches, and 35 million customers, aims to capitalize on UNDP’s strong capabilities as the lead UN development agency to support MSMEs, including those who have received support from UNDP’s innovation challenge programmes.
For media enquiry, please contact:
Ms. Praise Nutakor, Head of Communications and Partnerships, UNDP Ghana at email@example.com ; Tel: +233-501323566
About United Bank for Africa (UBA) Ghana
UBA is a leading Pan-African financial institution, and a foremost player in the financial sector in Africa with a workforce of 25,000 employees, serving over 35 million customers globally. The bank also operates in the United Kingdom, the United States, France, and the United Arab Emirates, providing a broad range of retail, commercial, and institutional banking services, spearheading financial inclusion and employing cutting-edge technology. The Bank started operation in Ghana in 2005 and has 31 fully networked branches and a leader in Trade finance, cross boarder payments, remittance and ancillary banking services.
UNDP is the leading United Nations organisation fighting to end the injustice of poverty, inequality and climate change. Working with our broad network of experts and partners in 170 countries, UNDP help nations build integrated, lasting solutions for people and the planet. Kindly visit undp.org/ghana for further information on UNDP Ghana and follow us on Twitter, Facebook and LinkedIn @UNDPGhana.
Additional 47 km of Landscaped Hiking Trails along Vlasina
The tourist offer of the protected region along Vlasina River is enriched, as of today, with 47 kilometres of rebuilt and landscaped hiking trails, thanks to the ...
28 Innovations to Decarbonize the Economy and Alleviate Energy Poverty
28 companies in total, from all over Serbia presented today their innovative solutions for decarbonization, just green transition of the economy and support to en...
For every dollar provided by UNDP for the development of a lending platform for MSMEs, five dollars have been invested
Micro, small and medium enterprises (MSMEs) are the backbone of the Republic of Moldova’s economy. They make up 98% of all companies and provide six out of ten jo...
Cash-for-work: Simultaneously Rebuilding Yemen’s Livelihoods and Vital Infrastructure
In response to this urgent and growing crisis, the United Nations Development Programme (UNDP) in Yemen, funded by the World Bank's International Development Asso...