Ghana to receive 40million Euros from EU

Ghana has signed a €40-million budget support agreement with the European Union (EU).

The grant is to support the country’s national development framework, which focuses on jobs as a means to create prosperity and opportunity for all, thereby contributing to the achievement of the Sustainable Development Goals (SDGs).

The Minister of Finance, Mr Ken Ofori-Atta, signed on behalf of Ghana, while the Ambassador of the EU Delegation in Ghana, Ms Diana Acconcia, signed on behalf of the EU.

Mr Ofori-Atta said yesterday’s signing was the last tranche of the €323 million the EU offered Ghana under the 11th National Indicative Programme covering 2014 to 2020 as part of the Economic Partnership Agreement (EPA).

He said many programmes and policies of the government were targeted at job creation and building an enabling environment for businesses to thrive.

He said the support from the EU was apt and encouraged other groupings to follow the EU’s leadership.

Mr Ofori-Atta said Ghana’s credential as a beacon of democracy and pillar of stability in Africa was one of its defining features, as political stability and deepened democratic governance provided the congenial atmosphere and great opportunity to implement long-term policies, as well as develop local and international partnerships.