Ghana Signs £20M Trade and Investment deal with UK

By Hagar Ofosua
Ghana

Ghana and the United Kingdom have committed to a  £20million pound trade and investment deal expected to create some 15,000 jobs. The project is expected to Ghana's government address gaps in the implementation of its industrialisation policy.

The UK Minister for Africa Affairs, Harriet Baldwin says the program will help boost value addition in the manufaturing sector of the Ghanaian economy. 

"It will also focus on localising activities and also ensure that most value addition activities are focused withinGhana And it will focus on developing infrastructure that attracts investments. we estimate that the program should attract at least 15million pounds of further inward investment into Ghana. Should create 15,000 jobs for Ghanaians"  Harriet Baldwin said.

The Trade and Industry Minister, Alan Kyeremanteng, who signed on behalf of the government of Ghana was positive more jobs will be created in the infrastructure sector, where a bulk of the investment will be channelled.

“I, therefore, see this as a game changer, a turning point in opening a new chapter in UK-Ghana relations. It is glad to note that this jobs and economic transformation programme is, indeed, signalling this transition to focus on trade and investment,” the Trade Minister added.