Germany gives Ghana €100m

Ghana will receive €100m from Germany.

Ghana is part of the three countries in Africa to benefit from Germany’s “Compact with Africa” Programme.

The programme is to help benefitting countries to improve conditions for sustainable private sector investment, investment in infrastructure, economic participation, and employment in the country.

The Minister of Finance, Ken Ofori-Atta made this revelation at a meeting with the Ghanaian community living in Germany, held in honour of President Nana Addo Dankwa Akufo-Addo, in Berlin.

Ken Ofori-Atta said that Ghana has been signed onto the compact “because of what President Akufo-Addo has done. It is essentially because there is 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.”

Ken Ofori-Atta noted that this development “was a real sign of confidence for us. We thought that it was over. Then they (Germans) came back a couple of weeks later, in March 2017, and said that ‘we should put our money where our mouth is. So let us select 3 countries in Africa where we can have a bilateral relationship with, and they selected two of the countries who were already in the Compact – Tunisia and Cote d’Ivoire – and they said Ghana be part of it, i.e. the third country’”

He explained that the Compact with Africa Programme, initially, had Senegal, Cote d’Ivoire, Tunisia, Morocco and Rwanda, as the countries that had been signed onto the Compact.

He said this shows the world is responding positively to a government led by President Nana Addo Danquah Akufo-Addo.

Her continued, “They also said here is another 100 million Euros, do something with it. So you are beginning to see the response the world is having. We are beginning to see a sense of a regeneration, the Black Star is shining again. We certainly are not a poor country, as President Akufo-Addo said. We are also not chickens, as Aggrey said, we are eagles and, as such, we should fly.”