- Trade - Investment
Chancellor Merkel encourages more German investments in Ghana
German Chancellor Angela Merkel has pledged her country’s resolve to deepen economic relations and ensure continued development support to Ghana.
"Ghana is on a promising road and is a good example of how development assistance has made a change," she said on Wednesday at a joint press conference with President John Agyekum Kufuor who is Germany for a state visit.
The Ghana News Agency reported that Chancellor Merkel said she would take steps to encourage more German investments in Ghana to boost its private sector. German development support to Ghana to date is over one billion euros.
Chancellor Merkel praised Ghana’s consistency in economic reforms and process of benchmarking through its subscription to the African Peer Review Mechanism (APRM) and said this had made the country to become the star performer, model of democracy, good governance and transparency in Africa.
"And for this, Mr President, we appreciate your leadership; you are worthy of our respect," she added.
She also made reference to the progress Ghana was making towards achieving the Millennium Development Goals and said she was confident of the country’s success.
Kufuor conveyed Ghana’s appreciation to Germany for standing by the country over the years, mentioning, among other things, cancellation of debt of more than 200 million euros, technical and financial support in the areas of education, health, agriculture and good governance.
"I want to thank you for your support," he said, and expressed optimism that the already good relations between the two countries would continue to grow. Panapress .