GHANA RECEIVES100-MLN EURO AID UNDER GERMANY’S COMPACT FOR AFRICA PROGRAMNE

ACCRA, Ghana has been named as one of three countries in Africa to benefit from Germany’s Compact with Africa Programme which will enable it to improve conditions for sustainable private sector investment.

Funds provided under the programme would also be used in the investment in infrastructure, economic participation, and employment creation in the country, says Finance Minister Ken Ofori-Atta.

Speaking at a meeting with the Ghanaian community in Germany in Berlin on Sunday, in conjunction with the visit of President Nana Addo Dankwa Akufo-Addo, he explained that the Compact with Africa Programme, had initially covered Senegal, Cote d’Ivoire, Tunisia, Morocco and Rwanda but only three countries out of the five were to be beneficiaries of the 100 million euros which came with signing the Compact.

Ghana, he added, was chosen to be one of the countries signed onto the Compact following work done by President Akufo-Addo which essentially led to “a new confidence that Ghana is coming back, and Ghana is back”.

“We were nowhere near it (Compact with Africa Programme). But the work President Akufo-Addo has been doing resulted in the Germans saying, ‘Why don’t we get Ghana involved in this?’ And, that is why we are here. the Minister said.

Source: NAM NEWS NETWORK

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