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EU Strengthens Ghana Partnership with €800 Million in Strategic Investments

Prosper AGBENYEGA by Prosper AGBENYEGA
May 12, 2025
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The European Union (EU) and its Member States have committed over €800 million (approximately GH₵13 billion) to bolster Ghana’s critical infrastructure under the Global Gateway initiative, a flagship program aimed at enhancing global connectivity and economic resilience.

Announcing this at the 2025 Europe Day Reception in Accra, EU Ambassador to Ghana, Mr. Irchad Razaaly, highlighted several key projects included in the funding. This package features €55 million to support local vaccine manufacturing, €62 million for the modernization of the Kpong Dam, and an anticipated €370 million for the development of smart, sustainable cities in northern Ghana.

The Global Gateway, the EU’s strategic investment framework, integrates hundreds of infrastructure projects globally, focusing on digital innovation, green energy, and critical health systems. The initiative also aims to enhance regulatory standards, technology transfer, and local capacity building, making it a vital tool for economic recovery and sustainability.

Speaking at the event, Ambassador Razaaly underscored the deepening ties between Ghana and the EU, stating, “The EU remains a credible, reliable, and dependable partner to Ghana. In these turbulent times, it is ever more important to collaborate with like-minded friends and allies. We are here to stay.”

The Ambassador further noted that from 2021 to 2027, the EU, through its Team Europe framework, plans to invest close to €1 billion (GH₵16 billion) in Ghana’s infrastructure, spanning energy, transport, and digital technology.

In addition to infrastructure, the EU has ramped up support for Ghana’s security sector, providing €50 million in military equipment and targeted training for the country’s armed forces and civilian security agencies. This investment includes over 30 security projects ranging from conflict prevention to maritime security and countering disinformation.

On education, Mr. Razaaly reaffirmed the EU’s commitment to youth empowerment through the Pact for Skills, which focuses on technical and vocational training. He revealed that over 1,000 Ghanaian students and professionals benefit annually from EU scholarships, strengthening Ghana’s human capital for future growth.

Ghana’s Minister for Youth Development and Empowerment, Mr. George Opare-Addo, also spoke at the event, praising the EU as a critical development partner. He emphasized that the partnership has been instrumental in advancing Ghana’s priorities in education, youth empowerment, and infrastructure, ensuring that “no one is left behind.”

The Europe Day celebration, which marked the 75th anniversary of the Schuman Declaration, brought together diplomats, government officials, business leaders, and civil society representatives, reflecting the shared values of peace, prosperity, and people-centered development that bind the EU and Ghana.

Tags: €800 MillionEUGhana PartnershipStrategic InvestmentsStrengthens
Prosper AGBENYEGA

Prosper AGBENYEGA

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