Under this GrEEn Innovation Challenge “Boosting financial inclusion and job creation in Ashanti and Western regions of Ghana”, the UN Capital Development Fund (UNCDF) will select successful candidates in the development or expansion of innovative use-cases, products or business models to facilitate access and usage of financial services targeting youth, women, returning migrants and MSMEs and help them in the post-COVID-19 recovery in the Ashanti and Western regions of Ghana.
UNCDF is bringing its expertise in promoting financial inclusion and inclusive economies to support job creation under the “Boosting Green Employment and Enterprise Opportunities in Ghana (GrEEn)” Programme funded by the European Union Trust Fund for Africa (EUTF).
This programme will contribute to addressing the root causes of irregular migration through green and climate-resilient local economic development and improving prospects of beneficiaries, by creating employment and enterprise opportunities in selected sectors and regions, specifically Ashanti and Western regions.
The action aims at supporting job creation in regions of departure, transit and return of Ghana, creating local financial ecosystems that facilitate the development of Micro, Small and Medium Enterprises (MSMEs) and enabling the transition of local economies to green and climate-resilient development.
Successful applications will receive:
·Up to US$ 50,000 or up to US$ 150,000 in co-funding, depending on the maturity of the solution proposed
·Technical Assistance
·Connection with key stakeholders
Scope of Work
This challenge revolves around two intervention pillars of the UNCDF/GrEEn financial inclusion agenda which aspires to "Leave no Ghanaian behind in the digital age" and aligns to the government priority of Digital Transformation and Financial Inclusion.
·PILLAR 1. Customer Empowerment
·PILLAR 2. Inclusive Innovation
Application Deadline: 28th February 2021.
Visit https://www.uncdf.org/article/6471/innovation-challenge-under-the-green-projectto apply.
