Despite significant progress and pioneering on securing the building blocks for transforming the country’s SDG financing architecture, Ghana faces challenges in mobilising public and private resources at national and district levels to deliver the SDGs. The purpose of the INFF is to consolidate SDG financing initiatives and deepen gender-responsive SDG budgeting and accountability for results in Ghana. Ghana’s planned development finance assessment (DFA) will contribute to the INFF development process, which will ultimately increase financial resources and improve the efficiency of allocating resources to prioritized SDGs in a systematic, coherent, and sustainable manner.
The INFF is transformational in five ways: (a) it promotes an agenda beyond aid; (b) puts SDGs at the heart of financing; (c) gives new dimensions to the ‘leave no one behind’ commitment; (d) takes the African Continental Free Trade Area to the next level; and (e) ingrains gender-, generational- and spatial-responsive budgeting. The approach also promotes homegrown financing instruments, for example, defining SDG-linked assets in the process of expanding an SDG-linked bonds market. In addition, the INFF will enhance public and private collaboration and place district-level action on the same level as national action.
For more details, visit the Joint SDG Fund website.