{"id":462281,"date":"2018-02-07T14:38:56","date_gmt":"2018-02-07T14:38:56","guid":{"rendered":"https:\/\/ghana-mma.com\/2018\/02\/07\/scout-for-innovative-financing-instruments-william-hanna\/"},"modified":"2018-02-07T14:38:56","modified_gmt":"2018-02-07T14:38:56","slug":"scout-for-innovative-financing-instruments-william-hanna","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2018\/02\/07\/scout-for-innovative-financing-instruments-william-hanna\/","title":{"rendered":"Scout for innovative financing instruments \u2013 William Hanna"},"content":{"rendered":"<p><\/p>\n<div id=\"medsection1\">\n<!-- End of html generated by this->header() --><\/p>\n<p class=\"floatLeft\">Business News of Wednesday,  7 February 2018<\/p>\n<p class=\"floatRight\"><strong>Source: <\/strong>dailyguideafrica.com<\/p>\n<p>2018-02-07<\/p>\n<div class=\"article-left\">\n<p class=\"article-image\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2018\/01\/41118650.295.jpg\" alt=\"William Hanna8\" title=\"William Hanna8\" width=\"295\" height=\"157\" \/><span class=\"image_caption\"><span>Ambassador William Hanna, Head of EU Delegation to Ghana<\/span><\/span><\/p>\n<div class=\"noPrint\">\n<div id=\"537626303\" style=\"width:300;height:250;margin:0;padding:0\">\n<p>\t\t  <noscript><iframe loading=\"lazy\" id=\"b2ad7fa7fd\" name=\"b2ad7fa7fd\" src=\"http:\/\/ghanaweb-d.openx.net\/w\/1.0\/afr?auid=537626303&amp;cb=151125817929577\" frameborder=\"0\" scrolling=\"no\" width=\"300\" height=\"250\"><a href=\"\/\/ghanaweb-d.openx.net\/w\/1.0\/rc?cs=b2ad7fa7fd&amp;cb=151125817929577\"><\/p>\n<p>\t\t  <img decoding=\"async\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2018\/02\/1518014336_298_ai\" border=\"0\" alt=\"\" \/><\/a><\/iframe><\/noscript><\/p><\/div>\n<\/p><\/div>\n<\/div>\n<p style=\"clear:right\">William Hanna, Head of the EU Delegation to Ghana, says Ghana must look for innovative financing instruments owing to the reduction in Overseas Development Assistance (ODA) from Ghana\u2019s development partners in recent times.<\/p>\n<p>Mr Hanna, who was speaking at the signing of some four financing agreements under the 11th European Development Fund (EDF)\/National Indication Programme recently in Accra, said that was necessary given that Ghana\u2019s development cooperation landscape had changed, with a net ODA disbursement to Ghana as a percentage of its gross national income (GNI) falling from 16.3 percent in 2004 to 2.2 percent in 2013, representing a significant downward trend.<\/p>\n<p>He attributed such development to the positive change in Ghana\u2019s income status, as well as change in the political orientation of development partners.<\/p>\n<p>The signing of the agreement commits a total of \u20ac175 million, bringing the accumulative commitments to \u20ac269.6 million to support four programmes namely \u2013 production investment for sustainable agricultural development in the northern Savannah Ecological zone of Ghana, decentralization in Ghana programme; resilience against climate change, as well as the Public Finance Management and the Stepping Stone Economic Partnership Agreement.<\/p>\n<p>The EU Partners comprised Denmark, France, German, the Netherlands, Switzerland and United Kingdom, who jointly committed a \u20ac1.25 billion assistance to support priorities and objectives identified by government in the Long-Term National Development Plan under the European Joint Co-operation Strategy (2017-2020).<\/p>\n<p>\u201cThe EU shares in Ghana\u2019s effort to move beyond aid agenda and has been part of a long-term effort to improve the way of work,\u201d he said.<\/p>\n<p>He indicated that the EU shares in the aspirations of supporting Ghana\u2019s key objectives, which among other things, were to build an industrialized, inclusive and resilient economy, as well as build effective, efficient and dynamic institutions.<\/p>\n<p>Ambassador Hanna also added that the EU had also made a decisive shift away from its traditional aid approach to a more comprehensive approach, including trade, competitiveness and focus on global issues such as migration and climate change.<\/p>\n<p>Ken Ofori Atta, Minister of Finance, commended the European partners for their huge support to Ghana over the years, especially the support offered to Parliament, Ghana Audit Service, Public Procurement Authority and Internal Audit, all aimed at deepening accountability and the ethics of those public institutions.<\/p>\n<p>Citing the Accra Agenda for Action (AAA), he stressed the need for both parties to agree to build up towards achieving the AAA in order not to undermine efforts to control public financing and achieving the \u2018Ghana Beyond Aid\u2019 agenda.<\/p>\n<p>The Minister of State at the Ministry of Food and Agriculture, Dr Nurah Gyeile, on his part, expressed gratitude to the EU for their support to the Upper West in the area of infrastructure and support to mitigate the harsh climate, as well as provide market-oriented projects.<\/p>\n<p><!-- uploaded by: 39 updated by: -1 --><\/p>\n<p><!-- Start of html generated by this->footer() -->\n<\/div>\n<p>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a style=\"display:none\" rel=\"follow\" href=\"http:\/\/megatheme.ir\/\" title=\"\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633\">\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Business News of Wednesday, 7 February 2018 Source: dailyguideafrica.com 2018-02-07 Ambassador William Hanna, Head of EU Delegation to Ghana William Hanna, Head of the EU Delegation to Ghana, says Ghana must look for innovative financing instruments owing to the reduction in Overseas Development Assistance (ODA) from Ghana\u2019s development partners in recent times. Mr Hanna, who [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":458495,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-462281","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/posts\/462281","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/comments?post=462281"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/posts\/462281\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/media?parent=462281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/categories?post=462281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/tags?post=462281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}