Wednesday, January 13, 2010

Germany increases support to Ghana by 60%

The German Ministry for Economic Cooperation and Development has made a commitment to Ghana of 130 million Euros (approximately GH¢275million ) for financial and technical cooperation for the period from 2009 to 2011. This new pledge represents an increase of more than 60%.

In making this increase, the German government is realising its aim of giving particular support to partner countries that succeed in practising good governance. The new commitment raises the total German development cooperation support to Ghana since independence to more than GH¢ 2400 million (1180 million Euro).

This was agreed at the governmental negotiations between the Republic of Ghana and the Federal Republic of Germany on 17 and 18 December 2009 in Bonn (Germany).
The intergovernmental dialogue highlighted the strong commitment of the Republic of Ghana to achieving the Millennium Development Goals and to promoting broad-based growth. The German delegation acknowledged the successes in reducing poverty as well as Ghana’s leading role in regional stability and democratisation. Both delegations stressed the importance of oil and gas for Ghana’s sustainable growth and the consideration of international best practice for the processes.

The Ghanaian-German bilateral development cooperation is based on Ghanaian strategies and implemented within the framework of the “Ghana - Joint Assistance Strategy”, signed by all principal development partners. In this context it was agreed to continue the German assistance in the existing focal areas of sustainable economic and financial development, agriculture and decentralization. Additionally, Germany scaled-up its commitment for direct budget support in the framework of the Multi Donor Budget Support (MDBS); new commitments were already made in September at 55 Million Euro (more that 130 Million Ghana Cedis) and reconfirmed at the negotiations.

At a meeting with the participants at the negotiations, Gudrun Kopp, the Parliamentary State Secretary to the Federal Minister for Economic Cooperation and Development, emphasized: “We will continue to direct German-Ghanaian cooperation towards future-oriented areas. By strengthening market orientation and performance-based incentive systems, we will continue to contribute to sustainable economic growth that will benefit large sections of the population.”

SOURCE :Ruth Mensah- German Embassy,Accra

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