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Ghana and Germany sign GH¢60.45
million agreement
Accra, July 4, Ghanadot/GNA – Ghana and Germany on Friday
signed a GH¢60.45 million agreement to support the processes
towards attaining the Millennium Development Goals and
achieving a Middle Income Status by 2015.
About GH¢29.450 million will be used to support the budget
for 2008/09, while GH¢20.15 million will go into enhancing
poverty related investment at the District Assembly level.
The remaining GH¢10.85 million will be used to improve the
competitiveness of small holder farmers and small and medium
scale processing companies.
Dr Marius Haas, German Ambassador to Ghana, and Mr Kwadwo
Baah-Wiredu, Minister of Finance, signed the agreement for
the funds to be used for the three purposes.
Commenting on the agreement, Dr Haas said the programmes
being financed were agreed on during negotiations on
development cooperation between the two governments in
September 2007.
Mr Kwadwo Baah-Wiredu said in addition to focal areas of
Ghana-German cooperation, Germany was supporting the Legal
Sector Programme, and the road sector rehabilitation,
precisely the Tema-Sogakope-Akatsi highway.
The loan would be paid within 40 years with 10 years grace
period.
GNA
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