Thursday, 7 October 2010

Germany increases budgetary support for Ghana

Ghana has received more than €130 million in support funds from Germany during the 2009-2011 fiscal year. Speaking at a reception organized by the German Embassy in Accra, to mark the 20th Anniversary of German unification, Ghana's Deputy Minister of Information James Agyenim-Boateng said he hoped that Germany would continue to support Ghana in the manufacturing and services sector.

Agyenim-Boateng described Germany as one of Ghana's greatest partners and expressed Ghana's gratitude to Germany for its support in the establishment and maintenance of the Kofi Annan International Peace Keeping Centre.

German embassy official, Hans Christian Winkler, recounted Germany's relationship with Ghana, saying “The relations between Germans and Ghanaians are of course quite older than the now 53 years of formalized diplomatic affairs and fruitful economic co-operation. Germany remains a trusted partner of Ghana and will stand by her promises made in recent bilateral government negotiations on development co-operation.”

Germany has recently increased its budgetary support for Ghana by almost 100 per cent, as the country opens its doors to international oil companies. Speaking about Ghana's burgeoning oil and gas sector Winkler commended, “Ghanaian government for its resolve to enter the oil age in the spirit of transparency and good governance.”

Source: Peace FM

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