Germany pledges €65 million to boost Ghana’s growth and sustainability drive

Germany has reaffirmed its commitment to Ghana’s economic growth with plans to provide over €65 million in development assistance this year, subject to approval by the Bundestag, Germany’s federal parliament.

The announcement was made by German President Frank-Walter Steinmeier during his three-day state visit to Ghana, where he met President John Dramani Mahama at the Jubilee House in Accra. The two leaders discussed ways to deepen cooperation in areas such as renewable energy, digitalisation, vocational training, and green industrialisation.

President Steinmeier highlighted Ghana’s growing reputation as one of Africa’s most stable and promising economies, describing the country as a natural hub for regional trade and investment. Accompanied by a delegation of German business leaders specialising in construction, infrastructure, and technology, he emphasised that Ghana’s educated workforce and political stability make it an attractive partner for long-term collaboration.

Beyond trade, the German President noted that cooperation will also focus on youth employment and skills development to prepare young Ghanaians for opportunities in sectors like health, technology, and manufacturing.

President Mahama welcomed the renewed partnership, saying it aligns with Ghana’s priorities in job creation, sustainability, and digital transformation. He assured that the government remains committed to creating a favourable environment for private sector participation, particularly within the African Continental Free Trade Area (AfCFTA).

Negotiations on the details of the support package are expected to be finalised later this month, marking another milestone in the longstanding Ghana-Germany partnership.