Ghana Needs $43 Billion Annually — NDPC | General News

Ghana needs $43 billion annually to be able to achieve her Sustainable Development Goals (SDGs).

Though the country’s development partners provided 40 per cent of that amount internally, revenue mobilisation had been a challenge to add up to help her achieve the set SDGs.
 
The SDGs are the blueprint agreed on by the United Nations member countries  to achieve a better and more sustainable future for all.

Acting Director of the Development Coordination Division of National Development Planning Commission (NDPC), Dr Winfred Nelson, said in view of the situation, achieving the SDGs by the year 2030 would not be easy, if the government did not consider other areas of mobilising revenue.

Dr Nelson was addressing the 12th International Applied Research and Innovation Conference/Fair at the Koforidua Technical University (KTU) in the Eastern Region yesterday.

 
The gathering brought together students from the  Koforidua, Accra, Sunyani technical universities as well as students from some South African and Kenyan universities.

The event, held on the theme:  “Achieving the Sustainable Development Goals (SDGs) in the Post COVID-19 Era: The Role of Research Innovation and Technology Transfer,” witnessed an exhibition of research works of some students of the KTU.

SDGs
The SDGs, also known as the Global Goals, were adopted in 2015 as a universal call to action to end poverty, protect the planet, and ensure that by 2030, all people enjoy peace and prosperity.
 
The 17 SDGs are integrated—they recognise that action in one area will affect outcomes in others, and that development must balance social, economic and environmental sustainability.

Countries have committed to prioritise progress for those who are furthest behind.

The SDGs are designed to end poverty, hunger, AIDS and discrimination against women and girls.

They recognise that ending poverty and other deprivations must go hand in hand with strategies that improve health and education, reduce inequality and spur economic growth while tackling climate change and working to preserve the world’s oceans and forests.

Every year, the UN Secretary General presents an annual SDG progress report, which is developed in cooperation with the UN System, and based on the global indicator framework and data produced by national statistical systems.

Ghana’s progress report

Per Ghana’s 2022 Voluntary National Review (VNR) report on the Implementation of the 2030 Agenda for SDGs as submitted to the UN, the progress of implementation has been mixed.

Gender parity and high completion rates have been sustained at the KG, primary and junior high levels despite the pandemic, while the participation of the population in formal and informal education, and training has gone up.

There have also been improved outcomes in tackling maternal mortality; obesity among children; women’s participation in parliament and local government; access to improved drinking water services and electricity; illegal, unreported and unregulated (IUU) fishing and financial inclusion.

However, there are challenges of high unemployment rate among the youth, high plastic debris density, declining fish stock, degradation of forest area and low proficiency in English and Mathematics.

In addition, tax revenue as a proportion of GDP remains low.

To improve revenue mobilisation, Dr Nelson said it was important for the government to encourage innovative financing from the private sector which included the traditional authorities.

He explained that the traditional authorities could convert lands into physical cash to add up to the revenue in meeting the timelines for the SDGs which was just seven years away.

Climate change
The NDPC’s Ag. Director of the Development Coordination Division further said since the SDGs were interrelated and climate change had a ripple effect on them, it must also be considered in achieving the goals.

For example, he mentioned that the production of some crops such as rice, sorghum, cassava, yam, as well as fish had been adversely impacted by climate change.

The Vice-Chancellor of the KTU, Professor David Kofi Essumang, said KTU was developing a research strategy that would enable students to practically put into practice such research works after graduation.

That, he indicated, would enable students to be on their own or in establishments they might find themselves.

In view of that, Prof. Essumang stated that some of the students who were interested in agriculture had been researching into the cultivation of various crops to enable Ghana to become sufficient in food production.

The Director of Research and Innovation at KTU, Dr Samuel Kwofie, said the main aim of KTU was to make students actualise their project works for which the university would look for sources of funding to help the students to commercialise their works after school.