Strategy Switzerland has earmarked $80 million to enhance the competitiveness of Ghanaian enterprises in the global market

  • Published: , Refreshed:

Ghana has been classified by Switzerland’s State Secretariat for Economic Affairs (SECO) as a priority country for economic development.

24/7 Live - Subscribe to the Pulse Newsletter!

Switzerland has committed an amount of $80 million to help Ghana to enhance the competitiveness of Ghanaian enterprises in the global market space.

This development, the country believes will  help diversify the Ghanaian economy.

Switzerland’s State Secretariat for Economic Affairs (SECO) sees Ghana as a priority, in terms of its economic development and it has resulted in the signing of the Swiss co-operation strategy for Ghana.

President of Ghana Akufo-Addo made this known at a joint press conference held with the President of Switzerland, Her Excellency Doris Leuthard in Ghana, after bilateral talks between the two countries.

READ ALSO: China has overtaken the US and UK as the top destination for anglophone African students

The teams from Ghana and Switzerland held discussions in the areas of Foreign Affairs, UN Reforms, Finance, Security and Agriculture, aimed at deepening the bilateral relations existing between them, as well as exploring other areas of co-operation.

President Akufo-Addo disclosed that the two countries underlined and reinforced their co-operation in helping to end the scourge of terrorism, and the threats to peace and sustainable development in Africa and the world.

Ghana and Switzerland also agreed to work closely within the United Nations Human Rights Council, as well as with other UN agencies, and extended mutual support for the candidatures of the two countries, vying for positions on the UN Security Council and other UN bodies.

“I took the opportunity also to highlight the importance that Ghana and the African Union attaches to the long, overdue process of UN Reform, especially of the Security Council, to correct the longstanding injustice that the current structure and composition of the UN Security Council represent for the nations of Africa,” he added

President Akufo-Addo also solicited the support of Switzerland for the lead role being played by the AU in its attempts to resolve the crises in Mali, Libya and other States of the Sahel, which are receiving the full brunt of the terrorism menace.

READ ALSO: 3,000 Chinese companies have over $100 billion dollars in gross assets in Africa with more coming

On the issue of migration and mobility, which have gripped the attention of the world in recent years, and now goes beyond the individual policies of state, President Akufo-Addo bemoaned the high numbers of young Africans taking harrowing risks across the Sahara and around the Mediterranean, trying to reach a better life.

Akufo Addo added that “if we provide them the right environment in Africa, which enables them to enhance their skills, receive appropriate training, have access to digital technology and enhanced economic opportunities, their energies can be channelled towards making our continent great.

He continued, “Nonetheless, whilst the necessary measures are being put in place, Ghana and Switzerland, as concerned and responsible members of the international community, have decided to co-operate further in ensuring legal and safer means of migration.”

In the area of agriculture, particularly cocoa, the two countries have signed a Memorandum of Understanding to enable both sides undertake jointly projects to boost cocoa production in Ghana, as well as add value to our cocoa.