Ghana and EU sign €175 million financing agreements

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Ghana and the European Union (EU) have signed four financing agreements, totalling €175 million to support Public Financial Management (PFM), investment in sustainable agriculture development, decentralisation and climate change.

The €102 million agriculture programme aims at increasing agricultural incomes, promoting inclusive climate resilient and sustainable economic growth in rural communities of the Upper West Region by 2025.

The €45 Million decentralisation support has the overall objective of building effective, accountable and inclusive institutions at all levels for sustainable development while the €20 million Resilience Against Climate Change promote inclusive climate resilient and sustainable economic growth in rural communities.

The €8 million programme aims at improving economic governance and business environment and to maximise the benefits of the Economic Partnership Agreement to Ghana.

Mr William Hanna, EU Ambassador and Mr Ken Ofori-Atta, Minister of Finance signed the agreements under the Annual Action Programme 2017, supported by the 11th European Development Fund.

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