The United Kingdom (UK) government plans to invest £20 million into the Ghanaian economy through a programme christened “The Jobs and Economic Transformation Programme.”
The programme aims to boost Ghana government’s job creation efforts and infrastructure development and was announced by UK’s Minister of State for Africa at the Foreign and Commonwealth Office and Minister of State at the Department for International Development, Harriett Baldwin, during a meeting with Ghana President Nana Akufo-Addo in Accra.
Minister Baldwin in her brief remarks stated that she was in Ghana to signal the United Kingdom’s support to government’s agenda of a Ghana beyond Aid.
“We are announcing a 20 million pound programme on jobs and economic transformation which will seek to work in four main ways in terms of investment promotion, in terms of policy, in terms of localization of jobs, in terms of infrastructure development, and to leveraging even more investments into Ghana’s very vibrant economy and to create thousands of jobs for Ghanaians,” the Minister added.
According to President Akufo-Addo, his government is hopeful that the UK’s new approach in dealing with Ghana will yield dividends for both countries.
“It is good that the British government has now seen the necessity to support this area of our development and to do so with this new instruments that you are about to engage in. We will continue to value our relationship with Britain and our participation in the Commonwealth,” the President said.
Ghana’s Minister for Trade and Industry, Allan Kyeremanten subsequently signed the Memorandum of Understanding (MOU) on behalf of Ghana, while Harriett Baldwin, signed on behalf of the United Kingdom.