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EU and Ghana sign financing agreements for four programmes and launch European Partners Joint Cooperation Strategy 2017 - 2020

01.02.2018
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European Union (EU) partners and the Minister of Finance in Ghana, Mr. Ken Ofori-Atta, on 30 January 2018, formally endorsed and launched the European Partners' Joint Co-operation Strategy 2017-2020. Ambassadors and representatives from the EU, the Federal Republic of Germany, the Kingdom of Denmark, France, the Kingdom of Netherlands, the United Kingdom and Switzerland were present.

The European Union Ambassador to Ghana, William Hanna and Minister of Finance in Ghana, Mr. Ken Ofori-Atta, also signed four financing agreements which provides Ghana €175 million for the implementation of four programmes over the next seven years.

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The Joint strategy, titled "European Partners Working Together in Ghana", is a result of strengthened coordination by the European Union with Denmark, France, Germany, the Netherlands, the United Kingdom as well as Switzerland and the Government of Ghana.

These European development partners have come together and jointly committed to supporting the priorities and objectives identified by the Government of Ghana in the Long-Term National Development Plan (LTNDP), focusing on the LTNDP's goal 1 and 4. The Strategy covers the first Medium-Term period 2018–2021 with a total financial envelope of €1.25 billion, which includes indicative funding from the European Investment Bank.

The purpose of the European Partners' Joint Co-operation Strategy is to improve donor coordination, reinforce policy dialogue with government structures, reduce transaction costs for the Government, and deepen synergies leading to enhanced development effectiveness. It aims to accompany Ghana’s transformation process and consolidation of its middle-income status, economic growth and democratic governance, and reinforces a 'European Partners - Ghana partnership' based on shared values, increased commercial cooperation and strengthened political dialogue on our common future. European partners' cooperation will evolve from traditional aid to a more comprehensive approach including trade, competitiveness, migration and climate change.

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