Italy to give SME’s in Ghana €25m

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He made this announcement when he paid a courtesy call on President Nana Akufo-Addo at the Flagstaff House.

"We are very interested in developing the small-scale, medium companies in [the] Ghanaian economy,” he said, adding that the 25 million-euro should be used to acquire machinery for SMEs in Ghana.

The Prime Minister said Italy has in the last 15 years invested a total of 7 billion euros in the Ghanaian economy.

“We are very proud what Italy has done in Ghana,” he said.

The Prime Minister further disclosed that at the next EU summit, the future of the youth would be discussed, adding, “we are particularly proud of the role Ghana has played in contributing to the decision of the youth.”

“The development of the skills of the youth is very important; it will help in preventing migration,” Gentiloni said.

The Prime Minister has meanwhile lauded Ghana for its strong democracy and stability, which he said, has made the West African nation an example to the African continent.

“The stability and democracy that Ghana has is an example to the whole African continent. The economic relationship between the two countries [Ghana and Italy] is very positive,” he observed.

He commended President Akufo-Addo for the warm reception given him.

Paolo Gentiloni arrived in Accra on Tuesday (November 28, 2017) for a two-day visit to Ghana