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North East, Upper East and Upper West Regions to benefit from $450m credit facility

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The Ministry for Local Government Digitalisation and Rural Development has indicated that a 150-million-dollar credit facility has been acquired to improve socio-economic activities and strengthen local resilience and inclusion in 48 districts of the North East, Upper East, and Upper West Regions.

The money comes from the Gulf of Guinea Northern Regions Social Cohesion (SOCO)  Project. It is a multi-country 450million-dollar project credit facility secured by the Government of Ghana from the World Bank to be implemented in Ghana, Cote d’Ivoire, Togo, and Benin.

The project aims to provide support to the northern parts of countries along the Gulf of Guinea that have been hardest hit by fragilities due to food insecurity and climate change, conflict, and violence.

Speaking at a stakeholder orientation workshop in Bolgatanga, the Minister of Local Government, Decentralization, and Rural Development, Daniel Botwe noted that the focus would be to address youth unemployment and socioeconomic challenges facing the selected districts in the regions.

“The SOCO Project is consistent with the strategic pillars of the Coordinated Programme of Economic and Social Development Policies; Medium Term National Development Policy Framework from peace and security, economic growth, and social development. These policies collectively will reduce inequality, foster economic growth, and job creation, empower livelihoods, promote good governance, empower the youth, and deliver resilient community infrastructure.”

“So, in collaboration with relevant stakeholders at all levels, we will implement the SOCO Project in forty-eight (48) Districts across the Upper West, Upper East, Northern, North East, Savannah, and Oti Regions. The Project has four (4) components namely; Investing in Community Resilience and Inclusion Community Investments for Strengthening Local Resilience and Inclusion, Strategic Economic Investments for Climate Resilient Economic Development and Youth Engagement and Social Cohesion Activities.”

He emphasized that “As a Ministry, we are of the firm belief that the success of this Project requires an appreciation and active engagement of all stakeholders. The Project is expected to deliver an estimated 1,406 socio-economic community-level climate-resilient infrastructure, through a community-driven development approach.”

“Additionally, the SOCO Project is expected to create jobs, improve access to basic social and economic services, promote local economic development, gender equality, and improve environmental management. A Project Implementation Manual (PIM) has been prepared to serve as a guide for efficient and effective project implementation and management.”

The sensitization brought together various municipal and district assemblies including coordinating directors and social welfare officers from the selected regions.

Source: A1radioonline.com|101.1 MHz|Moses Apiah|Ghana

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