Ghana and EU sign €175 million financing agreements

The agreements are set to form the basis of EU support to Ghana’s Public Financial Management (PFM) programme, the agricultural sector (especially in northern Ghana), decentralisation and climate change over the next seven years.
Per the terms of the agreements, €53 million of the €175 million would be directly managed by the Government of Ghana within its public financial system while the remaining €122 million will be managed by two development agencies of EU member states.
The assistance comes under the European Union’s Joint Co-operation Strategy, titled ‘European Partners Working Together in Ghana’.
According to the EU Ambassador to Ghana, Mr William Hanna, the purpose of the strategy is to, among others, improve donor co-ordination, reinforce policy dialogue with government agencies, reduce transaction costs for government, and deepen synergies that will lead to enhanced development effectiveness.
€102 million into agric dev in Northern Savannah Zone 
The funds will provide access to productive infrastructure to increase household incomes and improve trade of produce in the Upper West Region of the country.