Deputy Minister of Finance, Thomas Nyarko Ampem, has announced that Ghana will require between $43 billion and $70 billion to fully achieve its Sustainable Development Goals (SDG) targets by 2030.

He explained that insights from the country’s Integrated National Financing Framework (INFF) and Development Finance Assessment (DFA) reveal the scale of investment needed to stay on track with Ghana’s development objectives.

Speaking at the UNDP’s SDG Financing for Development Dialogue on Tuesday, June 17, 2025, Ampem disclosed that Ghana needs an estimated $9 billion in annual investment.

However, current financing sources can only provide about half of that amount, resulting in an annual funding gap of $5 billion.

“This is a sobering reminder of the scale of resources we must mobilize each year. It underscores the fact that traditional financing methods are no longer adequate to meet our development ambitions,” Ampem stated.

To address the gap, the Deputy Minister emphasised the need for innovative financing strategies, including the exploration of new financial instruments, enhanced domestic resource mobilisation, and the formation of strategic partnerships to attract private sector capital.

“The government is therefore employing financing strategies that extend beyond the national budget by actively pursuing a range of innovative financing mechanisms to diversify the resource base and attract private capital for SDG-related projects, such as the issuance of specialised debt instruments,” he added.

His remarks come as Ghana ramps up efforts to align its national development priorities with the 2030 global agenda, amid increasing pressure to secure sustainable and inclusive economic growth.

SP/MA