EU approves
175million Euros for Ghana-To support Ghana’s dev’t agenda
Masahudu Ankiilu Kunateh, Ghanadot
Accra, July 3, Ghanadot - The
European Union has approved a 175 million Euro
Millennium
Development Goal, MDG, Contract facility for Ghana after
bilateral discussions on the sideline of the on-going AU
Summit in Sirte, Libya.
The facility will be implemented over the period 2009 to
2014 to support the Government of Ghana’s development agenda
aimed at achieving the Millennium Development Goals. The MDG
Contract is a new modality which will offer longer term
commitments and greater predictability.
EU Commissioner Lius Michel signed for the EU while foreign
minister, Alhaji Mohammed Mumuni, and Deputy Finance
Minister Seth Tekper signed for Ghana.
Mr. Michel pointed out that the offer comes after a careful
study of Ghana’s budget programme and the recognition that
it showed a strong commitment to fiscal discipline and
reduction in expenditure.
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