Traditional funding mechanism not enough to achieve SDGs – Louis Kuukpen

Business News of Wednesday, 10 October 2018



play videoUNDP Assistant Country Director to Ghana, Louis Kuukpen

The UNDP Assistant Country Director to Ghana, Louis Kuukpen is urging Ghana to consider alternative options of financing to accelerate the achievements of the Sustainable Development Goals (SDGs).

He said the traditional funding mechanisms are not enough for the achievement of the goals.

“We need to mobilise more domestic resources, but we also need to look at other new instruments we can use to finance and accelerate the achievements of the SDGs,” he noted.

Blended Funds, Green Funds, Bonds, Guarantees and Impact Funds are some options Mr Kuukpen believes Ghana can leverage on to accelerate the achievements of the SDGs.

Speaking to the media on the sidelines of the 2018 Ghana Finance Week, Louis Kuukpen lauded Ghana for the steps taken to achieve the SDGs by 2030.

“Ghana has been able to domesticate this SDGs into its national coordinating policy that is being implemented. I think Ghana is also doing well because they’ve been able to develop and launch a baseline report that basically indicates where Ghana is in terms of the achievements of SDGs.”

UN Member States adopted the 2030 Agenda for Sustainable Development at the Sustainable Development Summit in September 2015.

The agenda includes a set of 17 Sustainable Development Goals (SDGs) to end poverty, fight inequality and injustice, and tackle climate change by 2030.

The SDGs build on the Millennium Development Goals (MDGs), eight anti-poverty targets that the world committed to achieving by 2015.

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