The government of Ghana and the European Union have signed a financial agreement for the Multiannual Indicative Programme for 2021-27.

This new programming falls under the EU’s new Global Europe financing instrument and will provide €203 million for the period 2021-24 to support green growth for jobs; smart and sustainable cities and good governance and security.

Speaking to the media after the signing arrangement, European Commissioner for International Partnerships, Jutta Urpilainen, said these priorities were jointly determined with Team Europe partners and in close consultation with Ghanaian authorities, civil society and other relevant stakeholders.

“This is a strategic partner for the EU in West Africa, as an economic powerhouse and an anchor of stability in the region. The EU sees concrete opportunities to deepen our partnership by working together on Ghana’s green and digital transition, security situation, and at multilateral level by promoting our common values,” she stated.

Finance minister, Ken Ofori Atta, assured of the judicious use of the resources for the sustained growth of Ghana’s economy.

“We have had some hard times with the economy, owing to COVID-19 and recently the Russia Ukraine War. It is gratifying to note therefore that our fiscal measures remain firm enough for a rebound – that for the EU to express such an ambitious investment is encouraging,” he stated.

The Multiannual Indicative Programme takes the form of a Joint Programming for Ghana 2021-2027. This has been developed with Team Europe partners, namely the Czech Republic, Denmark, France, Germany, Hungary, the Netherlands, Spain, Switzerland, and the European Investment Bank.

The document has been prepared in close consultation with Ghanaian authorities, civil society organizations, including women and youth organizations, local authorities, private sector representatives, the UN and other partners.