Germany to support government with €86.5m

Business News of Saturday, 20 October 2018



Nana GOGLR 2018President Nana Addo Dankwa Akufo-Addo

Germany will over the next two years support government with a grant of €86.5 million in four priority areas of development cooperation to ensure sustainable economic development.

The support covers technical cooperation programmes to the tune of €35.5 million and €51 million for financial cooperation projects.

Dr. Stefan Oswald, Director General for the Marshall Plan with Africa, Displacement and Migration at the German Federal Ministry for Economic Cooperation and Development, announced this to journalists in Accra, after concluding an intergovernmental negotiating meeting with officials of Ghana in Accra.

He explained that the agricultural sector would receive six million to finance market-oriented programmes and €39.5 million would be allocated to programmes in governance.

A total of €13million, he said, would support in the sustainable economic development, while €16 million would go into Africa Trade Insurance.

Five million Euros would be spent on the establishment of two state-of-the-art vocational training centres.

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