EU, Member States invest over €800 million into Ghana’s infrastructure development
The European Union (EU) and its Member States, under the Global Gateway initiative, have dedicated more than €800 million, approximately GH₵13 billion, significant infrastructure projects across Ghana’s energy, health, and transport sectors, the EU Ambassador to Ghana, Mr. Irchad Razaaly, has revealed.
The investment includes €55 million to promote local vaccine manufacturing, €62 million for the renovation and refurbishment of the Kpong Dam, and a projected €370 million allocated for the advancement of smart and sustainable cities in northern Ghana.The Global Gateway combines hundreds of infrastructure projects with investments in regular standards, technology transfer, and know-how while strengthening economic resilience with partnered countries, like Ghana.
The implementation was handled by the collective firepower of Team Europe, mobilizing all EU institutions, Member States, their Development Financial Institutions, the European Investment Bank (EIB), the EBRD and the European private sector. Mr Razaaly said the EU and Member States had considerably expanded investments in major infrastructure and it kept working closely with Ghana in building smart, promoting social equity and sustainability access to energy, clean water, and sanitation.
During this year’s Europe Day Reception in Accra, the ambassador reiterated the dedication of EU to enhancing collaboration with Ghana in collaborative opportunities, including trade, security, climate resilience, and youth empowerment. He said that “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 annual Europe Day celebration is a dynamic assembly of Diplomatic Corps, esteemed government representatives, private sector leaders, non-governmental organizations (NGOs) and media professionals – coming together in celebration to honor the long-standing collaboration between the European Union and Ghana. Surrounded by the beauty of culture, diplomacy, and partnership, the event stood as a powerful demonstration of shared values, mutual respect, and strong bond that continue to bring EU and Ghana in their journey toward sustainable development and global cooperation.
The Ambassador stated that, “I am proud to say, without hesitation, that EU-Ghana partnership is stronger than ever. Ghana remains a preferred partner to the European Union, and our collaboration continues to deepen. These are not just hollow words, but a commitment grounded in hard facts.” Amb. Razaaly said that from 2021 to 2027, team Europe would invest almost €1 billion, equivalent to GH₵16 billion in infrastructure investment in Ghana.
In peace and security, he said, the EU had become a vital collaborator for Ghana with the delivery of military equipment amounting to €50 million, with targeted training for Ghana’s military and civilian security forces. Amb. Razaaly said, “Together with our Member States, the EU supports over 30 security-related projects in Ghana, from conflict prevention to border management, from a continuous maritime security presence, to countering disinformation.”
Also, in the sector of education, training, and knowledge building, Mr Razaaly recognized that “we believe in Ghana, we believe in the youth of this country. That is why we have passed a Pact for Skills with Ghana, in the field of Technical and Vocational Training.”
He said every year, the EU and its Member States onboarding 1000 Ghanaian students and professionals through scholarships.
Mr George Opare-Addo, the Minister for Youth Development and Empowerment, said the collaboration with the EU had played crucial role in Ghana, founded on the values of peace prosperity, and community-driven development.
READ: Ghana secures historic spot at World Athletics Championships