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UN-HABITAT's Slum Upgrading Facility launches two local finance facilities in Ghana


The establishment of two citywide Slum Upgrading Funds in Ghana was announced during the 15-16 April 2008 meeting of the Consultative Board of UN-HABITAT’s Slum Upgrading Facility, held in Accra.

The Sekondi Takoradi Metropolitan Assembly Citywide Slum Upgrading Fund (STMA CSUF) has been established to facilitate mobilization of finance for slum and settlement upgrading activities in low-income settlements in Sekondi Takoradi, a regional capital of approximately 260,000 on Ghana’s Southwest coast. The main beneficiaries are anticipated to be predominately low-income settlements in the Kojokrom and New Takoradi areas of STMA. [See: Ghana article on page 4 of UN-Habitat April 2008 newsletter]

The Tema and Ashaiman Municipal Slum Upgrading Facility was formed for a similar purpose for the Tema municipal area, which is a rapidly growing industrial and port city of 230,000 near Accra. It aims to improve sanitation, water supply, housing, livelihoods and infrastructure by facilitating access to commercial and public resources required for upgrading. [See: Ghana article on page 3 of UN-Habitat January 2008 newsletter]

These two funds are among a group of Local Finance Facilities being established under the Slum Upgrading Facility (SUF) of UN-HABITAT. Ghana is one of four pilot countries for SUF, along with Sri Lanka, Indonesia and Tanzania. Project sites in Sri Lanka were visited during the October 2007 Consultative Board meeting held in Colombo, and the October 2008 visit will be to Solo, Indonesia.

The SUF project teams are helping partners in the pilot countries to build links between households, communities, local government and local financial markets, through local finance facilities designed to help manage this complexity.

The Consultative Board meetings included a visit to the site of a project being prepared for the Tema and Ashaiman fund, in support of the Amui Djor branch of the Ghana Federation for the Urban Poor, with the Amui Djor Development Committee.

The SUF Consultative Board consists of UN-HABITAT, the main donors to the facility (UK-DFID,  Norway and  Sweden’s Sida); re-

The local chief (Tema Mantse) addressing the group (community in front, SUF Consultative Board members behind).

presentatives of Shack/Slum Dwellers International, United Cities and Local Governments, and World Bank; and, private financial sector representatives. The Cities Alliance administers DFID’s funding for SUF, and the Emerging Markets Group is lead consultant to UN-HABITAT for the project.

For more information, please visit UN-HABITAT’s website at http: www.unhabitat.org.

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