WEF teams up with Ghana to launch Africa’s 1st Country Financing Roadmap

WEF teams up with Ghana to launch Africa’s 1st Country Financing Roadmap

- The World Economic Forum is in partnership with Ghana to launch the first Country Financing Roadmap (CFR) initiative in Africa

- It is hoped that the project would lead to the address of challenges in funding Sustainable Development Goals (SDGs)

- One of the reasons Ghana was selected was because it has become a social and sustainability champion in the wake of the outbreak of the coronavirus

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The Ghanaian government has signed a partnership agreement with the World Economic Forum to outdoor the first Country Financing Roadmap (CFR) initiative in Africa.

The project is in collaboration with a WEF and OECD/DAC joint initiative known as the Sustainable Development Investment Partnership.

The motive behind the partnership is to address challenges in the financing of the Sustainable Development Goals (SDGs).

According to WEF, the outbreak of the coronavirus has led to an upheaval of health systems and a serious impact on the global economy.

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Per a report by citibusinessnews.com, it added that Ghana has nonetheless emerged as a social and sustainability champion in the wake of social and economic crisis.

WEF went on to say that despite the fact that Ghana has been affected by COVID-19, it has worked hard to contain the spread of the pandemic on society.

WEF teams up with Ghana to launch Africa’s 1st Country Financing Roadmap

President Akufo-Addo Source: Al Jazeera
Source: UGC

Challenges such as climate change and desertification remain issues to be addressed in Ghana and WEF has, therefore, expressed concern about inequalities in society and the setback on the economy.

Meanwhile, Legit.ng reported that President Muhammadu Buhari had charged the ministry of finance budget and national planning to ensure that Nigerian civil servants get their salaries paid promptly.

The president gave the directive on Thursday, April 2, during a meeting with members of the presidential committee on the review of the impact of the novel coronavirus (COVID-19) pandemic on the economy, held at the State House, Abuja.

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Legit.ng gathered that while recapping details of the meeting to State House correspondents after the meeting, the chairman of the committee and minister of finance, budget and national planning, Zainab Ahmed, also said the president further directed that measures to protect the poor and the vulnerable are put in place.

She said the committee met with the president to update him on the developments instigated by the COVID-19 pandemic globally and how much effect it has had on the nation’s economy.

Speaking on the directives to issue at the meeting, she said besides ensuring prompt payment of civil servants’ salaries, she said the president ordered the protection of critical national assets.

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Source: Legit

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