EU, Member States inject over €800m into Ghana’s infrastructure development

The European Union (EU) and its member states have committed over €800 million. This is about GH¢13 billion for infrastructure projects in Ghana. The EU Ambassador to Ghana, Mr. Irchad Razaaly, announced this investment.

The funding includes €55 million for local vaccine production. It also includes €62 million for retrofitting the Kpong Dam. Additionally, €370 million is set aside for developing smart cities in northern Ghana.

The Global Gateway initiative combines many infrastructure projects with investments. It focuses on technology transfer and improving economic conditions in partner countries like Ghana.

This initiative is supported by Team Europe, which includes all EU institutions and Member States. They work alongside Development Financial Institutions and the European Investment Bank (EIB).

Mr. Razaaly noted that the EU has increased investments in major infrastructure projects. He emphasized collaboration with Ghana to build sustainable cities with equal access to energy, clean water, and sanitation.

At this year’s Europe Day Reception in Accra, he reaffirmed the EU's commitment to deepening ties with Ghana. Areas of focus include trade, security, climate resilience, and youth empowerment.

He stated, “The EU remains a credible partner to Ghana.” He highlighted the importance of collaborating with like-minded allies during turbulent times.

Europe Day celebrates the partnership between the EU and Ghana. It brings together diplomats, government officials, private sector leaders, civil society actors, and media professionals.

This year's event was special as it marked the 75th anniversary of the Schuman Declaration from 1950. This declaration is considered the origin of the European Union.

Ambassador Razaaly expressed pride in the strong EU-Ghana partnership. He said that Ghana remains a preferred partner for the EU and their collaboration continues to deepen.

From 2021 to 2027, Team Europe plans to invest nearly €1 billion in Ghana's infrastructure projects. This amounts to about GH₵16 billion.

In terms of peace and security, he mentioned that the EU has become a critical partner for Ghana. The delivery of military equipment worth €50 million includes training for military and civilian forces.

He added that together with Member States, they support over 30 security-related projects in Ghana. These range from conflict prevention to border management and maritime security.

In education and training, Mr. Razaaly emphasized belief in Ghana's youth. The EU has established a Pact for Skills focused on Technical and Vocational Training.

Each year, they offer scholarships to 1,000 Ghanaian students and professionals through their Member States.

Mr. George Opare-Addo is the Minister for Youth Development and Empowerment in Ghana. He stated that the partnership with the EU is vital for shared values like peace and prosperity.

He concluded by saying that together they advance priorities such as education and youth development while ensuring no one is left behind.