Ghana has signed a 40 million euro facility grant with the European Union aimed at promoting investments and job creation.
This was announced by the Information Minister at a press briefing on Sunday.
This financing agreement is the last programme to be signed from Ghana’s indicative allocation of 323 million Euros under the 11th European Development Fund and National Indicative Programme.
These programmes span between 2014 and 2020.
The minister explained that: “The Programme focuses on the areas of business climate, public financial governance and employment and its main objectives are to promote domestic and foreign investments to enable businesses to spearhead economic transformation and create employment.”
“It will also strengthen public financial governance and boost domestic revenue mobilization as well as fight against corruption,” he added.
The Finance Minister, Ken Ofori-Atta and the EU Ambassador to Ghana, Diana Acconcia, have signed the agreement which is expected to 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 vision of Ghana Beyond Aid.