Ghana & Germany sign €100m Energy & Investment agreement

Ghana and Germany have signed a 100 million euros agreement to promote private investment into renewable energy in Ghana as well as vocational training.

The bilateral “Investment and Reform Partnership” agreement is Germany’s commitment under the G20 Compact with Africa, which was signed in Berlin in June, 2017.

Addressing a joint press conference by the two Presidents held at the foyer of the Flagstaff House after holding bilateral talks, President Steinmeier said the policies of the current government is clearly beginning to impact positively on the economic landscape of the country.

He pledged his country’s continued support in the area of education, small-scale enterprise development, and renewable energy to ensure that the current economic restoration ongoing in Ghana is sustained.

On his part, President Akufo Addo said Ghana is looking forward to a much deeper relationship with Germany. He welcomed the pledge by the German President for increased assistance to Ghana in the renewable energy sector.

A bilateral reform partnership was signed between Germany and Ghana in the presence of both Heads of State after the two leaders addressed the joint Press Conference.

The reform partnership will focus on channelling resources for the development of the renewable energy sector of Ghana.  The Finance Minister of Ghana Ken Ofori Atta signed on behalf of Ghana and the Secretary of State at Ministry of Economic Cooperation of Germany, Friedrich Kitschelt, signed on behalf of Germany.


Source: otecfmghana.com/Ebenezer Amankwah

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