The United Nations Development Programme (UNDP) has reaffirmed its commitment to supporting Ghana in strengthening its credit profile, enhancing investor confidence, and unlocking sustainable financing for development.
According to the UNDP, Ghana is making steady progress in rebuilding its economic credibility following the country’s debt default in December 2022.
Speaking at a National Credit Ratings Workshop organised by the UNDP in partnership with the Government of Ghana, and with support from the Japan, in Accra on Tuesday April 28, the UNDP Resident Representative, Shaima Hussein, emphasised that improving the country’s creditworthiness is key to reducing borrowing costs and creating fiscal space for national development priorities.
She noted that strengthening Ghana’s credit profile would ultimately boost investor confidence and support sustainable economic growth.
“We are looking at options and pathways to crowd in both public and private finance, international and domestic, to support the achievement of the sustainable development agenda,” she said.
She explained that while governments often rely heavily on public financing through national budgets, expanding opportunities for private sector participation can help bridge funding gaps.
“Public finance has significant potential when it is expanded to create space for private sector involvement. This helps enhance resources for key government services and supports broader human development outcomes,” she added.
The workshop forms part of ongoing efforts to position Ghana as a more attractive destination for investment while ensuring sustainable financing for long-term development.
