….partnership to expand trade, create employment opportunities
Ghana and the United Kingdom (UK) signed a landmark £215 million ($250 million) growth partnership designed to transform economic capacity, expand trade, and create thousands of employment opportunities.
The agreement was formalised on Monday at the Ghana-UK investment Summit in London, where it was signed by Christian Right, British High Commissioner to Ghana, and Sabah Zita Benson, Ghana’s High Commissioner to the UK.
The partnership targets four strategic pillars focused on delivering world-class education, enabling easier trade for Ghanaian businesses, attracting private investment, and driving industrial growth.
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The pact aims to foster long-term economic integration and signals a broader shift in UK-Africa relations amid growing global interest in the continent’s emerging markets.
It also moves ways from short-term financial aid.
This framework is designed to improve access to quality education alongside skills development while simultaneously easing market entry barriers to support industrial development.
This pact arrives at a critical juncture for Ghana as the country works to stabilise its economy after a challenging period of inflation pressure, debt concerns, and currency volatility.
Speaking at the summit, John Dramani Mahama, Ghana’s president stated that the country is on the right path to restoring the economy, while highlighting early signs of recovery.
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He noted that consumer price inflation has declined significantly from 23.8 percent in December 2024 to 3.4 percent as of April 2026.
Also, international reserves have strengthened considerably, rising from approximately US8.9 billion to nearly US13.8 billion, which provides stronger external buffers and exchange rate stability.
Alongside easing interest rates, the Ghana Cedi has stabilised and appreciated against major international currencies, while Ghana’s sovereign credit outlook has improved following recent upgrades by international ratings agencies.
