Ghana, EU Sign €40m Job, Investment deal

Ghana has signed a €40 million grant with the European Union aimed at promoting investments and job creation in the cocoa-producing West African country, Information Minister Kojo Oppong Nkrumah disclosed to the media on Sunday, 17 March 2019 at a press conference.

The financing agreement, which the minister said is the last programme to be signed from Ghana’s indicative allocation of €323 million under the 11th European Development Fund and National Indicative Programme, spans between 2014 and 2020.

The Programme focuses on business climate, public financial governance and employment.

Its main objectives are to promote domestic and foreign investments, enable businesses to spearhead economic transformation, and create employment.

“It will also strengthen public financial governance and boost domestic revenue mobilisation as well as the fight against corruption”, Mr Nkrumah said.

Finance Minister Ken Ofori-Atta and the EU Ambassador to Ghana, Ms Diana Acconcia, signed the agreement, which is expected to also promote the achievement of the Sustainable Development Goals (SDGs) in Ghana.

The funds will be managed by the Ghanaian government and the programme is aligned with President Akufo-Addo’s Ghana Beyond Aid vision, Mr Nkrumah noted.