United Bank for Africa (UBA) Ghana has forged a strategic alliance with the United Nations Development Programme (UNDP) through a Memorandum of Understanding (MoU) to provide substantial support to micro, small, and medium-scale enterprises (MSMEs) led by youth and women in Ghana.
The collaborative effort, symbolized by a signing ceremony where Chris Ofikulu, UBA West Africa’s Regional CEO and MD of UBA Ghana, exchanged the MoU with Dr. Angela Lusigi, UNDP Resident Representative in Ghana, aims to uplift these enterprises, fostering job creation, revenue growth, and a significant reduction in environmental impact.
At its core, this partnership seeks to facilitate access to climate financing schemes, enhance financial inflows from climate funding channels, and translate Ghana’s climate commitments into tangible actions on the ground.
Central to the cooperative initiative between UNDP and UBA Ghana is the development and implementation of innovative programs and mechanisms that will strengthen UBA Ghana’s ability to access climate financing opportunities, including the Green Climate Fund (GCF).
Chris Ofikulu, UBA Ghana’s Managing Director and Regional CEO of UBA West Africa, emphasized the bank’s unwavering dedication to supporting the achievement of Sustainable Development Goals (SDGs) and its commitment to providing tailor-made financial solutions to businesses of all sizes, particularly SMEs.
Dr. Angela Lusigi, UNDP Resident Representative in Ghana, highlighted the initiative’s overarching objective to direct resources towards development by encouraging businesses to incorporate the SDGs and climate action into their decision-making processes.
This collaborative endeavor will encompass comprehensive service support, capacity building, and specialized guidance in crucial areas such as corporate governance, branding, marketing, financial assistance, and product development.
Positioned as a leading financial institution across Africa, UBA’s expansive network of branches further bolsters its collective capability to drive positive change within Ghana’s entrepreneurial landscape.
Distinguished as digital pioneers, the bank seamlessly integrates innovative technological advancements, exemplified by Africa’s inaugural banking chatbot, LEO, while upholding paramount safety and security standards through cutting-edge infrastructure. With a global footprint spanning 4 continents and a presence in over 20 African countries, coupled with over 7 decades of expertise, UBA continues to attract an expanding customer base by delivering superior and sustainable financial services.
