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Ghana: EU pledges to support economy with 'Ghana Beyond Aid' initiative

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Thursday, 25 October 2018

Ghana: EU pledges to support economy with 'Ghana Beyond Aid' initiative

The European Union (EU) has welcomed the ‘Ghana beyond aid’ agenda with a pledge to offer the needed financial and technical support to help translate the initiative into reality. This was disclosed by the Ambassador and Head of Delegation of the European Union to Ghana, H.E. Diana Acconcia when she met the Minister for Foreign Affairs and Regional Integration, Hon. Shirley Ayorkor Botchwey on Wednesday October 17, 2018. Ambassador Diana Acconcia said the EU is committed to a strengthened multilateral system between the two sides, assuring of continued efforts to help grow Ghana’s economy at all levels. On her part, Hon. Shirley Ayorkor Botchwey lauded the European Union for the recently signed 175 million euro financial agreement with Ghana. The gesture was in support of the implementation of specific developmental projects in the areas of Public Financial Management (PFM), the Economic Partnership agreement (EPA), Sustainable Agricultural Development in the Savannah Ecological Zone, decentralization and climate change for a period of 7 – years. The Hon Minister was however, confident of a swift implementation of the Interim Economic Partnership Agreement (IEPA), which will enable Ghana to continue trading in the European Union, while discussions on the Economic partnership agreement (EPA) continue. The Minister and the EU Delegation Head also discussed political consultations between Ghana and the EU likely to be held before year ending.

Source: myjoyonline.com