Ghana to benefit from largest EIB ( www.EIB.org ) support for COVID health investment in Africa, with EUR 75 million investment loan from the EIB, alongside EUR 7.5 million European Commission grant; Ghanaian and EIB leaders discuss strengthening health and economic resilience in Africa, local vaccine manufacturing and private sector support; EIB President confirms new business, renewable energy and digital investment and outlines EIB’s strengthened engagement in Africa.
President Nana Akufo-Addo today visited the Luxembourg headquarters of the European Investment Bank and welcomed EUR 82.5 million Team Europe support for new investment to strengthen healthcare, provision of specialist medical equipment and medicines across Ghana under the national COVID-19 Health Response Plan.
The concessional Team Europe financing package comprises a EUR 75 million loan from the EIB and EUR 7.5 million European Commission grant.
The new loan, representing the EIB’s largest support for COVID related health investment in sub-Saharan Africa, was signed by Hon Kwaku Ampratwum-Sarpong, Deputy Minister for Foreign Affairs and Regional Integration, and Ambroise Fayolle, European Investment Bank Vice President, in the presence of President Nana Akufo-Addo, EIB President Werner Hoyer and Harriet Siaw-Boateng, Ambassador of Ghana to the European Union.
“Strengthened cooperation between Africa and multilateral development partners is crucial to share global best practice and ensure a rapid response to health, social and economic challenges triggered by the COVID-19 pandemic. The European Investment Bank and the European Union are key partners for Ghana and I welcome their support for our national COVID-19 Health Response Plan. Ghanaian and EIB experts have worked tirelessly in recent months to finalise this initiative, since President Hoyer and I met earlier this year. Specialist healthcare and medical services will benefit from both the EIB’s largest backing for COVID health resilience in Africa and EU grant support.” said President Nana Akufo-Addo.
“Ghana has taken significant steps to manage the impact of COVID and to unlock long-term investment. A few months ago President Akufo-Addo and I confirmed EIB backing for the Development Bank of Ghana. It is an honour to welcome our Ghanaian friends to our Luxembourg headquarters to discuss how to improve our partnership in the years ahead and increase impact.” said Werner Hoyer, President of the European Investment Bank.
“Ghana is a key partner for the EU. We are committed to step up our strategic partnership bilaterally, supporting our renewed partnership with Africa. Europe and Ghana stand side by side to tackle the health challenges triggered […]
