{"id":251386,"date":"2024-11-15T12:31:06","date_gmt":"2024-11-15T12:31:06","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/11\/15\/france-supports-development-with-e1-4-billion-over-three-decades\/"},"modified":"2024-11-15T12:31:06","modified_gmt":"2024-11-15T12:31:06","slug":"france-supports-development-with-e1-4-billion-over-three-decades","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/11\/15\/france-supports-development-with-e1-4-billion-over-three-decades\/","title":{"rendered":"France supports development with \u20ac1.4 billion over three decades"},"content":{"rendered":"

<\/p>\n

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\"French French Ambassador to Ghana, Jules-Armand Aniambossou, Minister of of Finance, Mohammed Amin-Adam<\/span><\/span><\/p>\n<\/div>\n

\n

Ghana\u2019s long-standing partnership with France has seen remarkable growth, especially in the areas of infrastructure, energy and sustainable development.<\/p>\n

The inaugural France-Ghana Economic Report for 2023-2024 highlighted the two nations\u2019 strategic collaboration, underscoring France\u2019s investment of over \u20ac 1.4 billion in various projects across the country over the past 30 years.<\/p>\n

The report was launched at the annual French business community cocktail event held at the French Ambassador\u2019s residence in Accra.<\/p>\n

Highlighting findings of the report in a speech, Minister of Finance Dr. Mohammed Amin Adams stated that France\u2019s investments \u2013 totalling more than \u20ac1.4 billion \u2013 have spanned a wide array of sectors, including rural and urban development, climate change mitigation, energy and transportation.<\/p>\n

On key French-funded projects, Minister Adams referred to the Kpong Generating Station Retrofit, a \u20ac50 million initiative aimed at improving electricity supply in the Greater Accra Region, and the Tumu-Han-Wa Transmission project (\u20ac47.9 million), which is expanding Ghana\u2019s electricity distribution network.<\/p>\n

Other notable projects include the Kumasi Roads and Drainage Extension Project (\u20ac37.5 million) and the Ghana Urban Management Pilot Project (\u20ac40.5 million), both of which are instrumental in upgrading urban infrastructure and improving living conditions for residents.<\/p>\n

He added that the French Development Agency (AFD), which has been operating in Ghana since 1985, has played an instrumental role in financing critical development projects \u2013 in particular, the Kumasi-Bolgatanga electrical line that has expanded electricity access to rural communities, contributing to poverty reduction and economic growth in these areas.<\/p>\n

The minister also emphasised France\u2019s support to Ghana\u2019s state-owned enterprises, including investments in the Ghana Infrastructure Investment Fund (US$85 million), the Ghana Grid Company (\u20ac173.9 million) and the African Development Bank (\u20ac17.7 million).<\/p>\n

The report also revealed that France\u2019s exports to Ghana reached \u20ac261 million in 2023, a 10% increase from the previous year, while Ghanaian exports to France rose by 22% \u2013 reaching \u20ac374 million.<\/p>\n

Despite a trade deficit for France, these figures underscore the robust and growing economic exchange between the two nations.<\/p>\n

France remains a leading trade partner for Ghana in Europe, with agricultural products, machinery and energy equipment constituting significant portions of French exports. The economic report also highlights sectors where French businesses are expanding, such as agri-food, energy and transport.<\/p>\n

These investments are helping to strengthen Ghana\u2019s energy infrastructure, boost economic growth and align with the United Nations\u2019 Sustainable Development Goals (SDGs), particularly in the areas of affordable & and clean energy and sustainable cities.<\/p>\n

Dr. Amin Adams expressed gratitude for the enduring partnership between Ghana and France, reaffirming the Ghanaian government\u2019s commitment to strengthening their collaboration; particularly in areas such as infrastructure development, renewable energy and private sector support.<\/p>\n

\u201cThe continued support of France has been invaluable in helping Ghana achieve its development objectives. Our vision is to deepen this cooperation and leverage France\u2019s expertise and investments to address challenges such as energy security, climate change and infrastructure deficits,\u201d he stated.<\/p>\n

He further called for enhanced collaboration in the areas of renewable energy and climate change mitigation. Also, with the country\u2019s increasing focus on transitioning to sustainable energy solutions, he highlighted the need for continued French support in these areas \u2013 especially as the country works to meet its climate goals and reduce its carbon footprint.<\/p>\n

Strengthening ties<\/b><\/p>\n

French Ambassador to Ghana Jules-Armand Aniambossou, in his speech, reflected on the relationship between these two nations rooted in shared values such as human rights, liberty and democracy.<\/p>\n

These common values, he said, have created the foundation for a mutually beneficial economic partnership that has flourished over the years.<\/p>\n

Ambassador Aniambossou commended Ghana for its economic growth and stability \u2013 particularly in the face of global challenges \u2013 and expressed France\u2019s continued commitment to supporting Ghana\u2019s development goals.<\/p>\n

He emphasised that the publication of the France-Ghana Economic Report is a testament to the strength of the bilateral relationship and the positive impact of French investments in Ghana.<\/p>\n

\u201cThe France-Ghana Economic Report reflects the depth and diversity of our economic ties and is a clear demonstration of our long-standing partnership. This first edition highlights the success of our collaboration and serves as a foundation for even greater cooperation in the future,\u201d he stated.<\/p>\n

He also touched on the importance of tackling common global challenges such as poverty reduction, climate change and sustainable development. He affirmed that France remains committed to engaging with the Ghanaian government on these issues, not only through direct investments but also by strengthening multilateral cooperation frameworks.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

French Ambassador to Ghana, Jules-Armand Aniambossou, Minister of of Finance, Mohammed Amin-Adam Ghana\u2019s long-standing partnership with France has seen remarkable growth, especially in the areas of infrastructure, energy and sustainable development. The inaugural France-Ghana Economic Report for 2023-2024 highlighted the two nations\u2019 strategic collaboration, underscoring France\u2019s investment of over \u20ac 1.4 billion in various projects […]<\/p>\n","protected":false},"author":1,"featured_media":251245,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-251386","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\nFrance supports development with \u20ac1.4 billion over three decades - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/11\/15\/france-supports-development-with-e1-4-billion-over-three-decades\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"France supports development with \u20ac1.4 billion over three decades - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"French Ambassador to Ghana, Jules-Armand Aniambossou, Minister of of Finance, Mohammed Amin-Adam Ghana\u2019s long-standing partnership with France has seen remarkable growth, especially in the areas of infrastructure, energy and sustainable development. 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