Government inks €42m agreement with EU

The finance minister signs an agreement on behalf of government with European Union in order to strengthen the financial management system.

The agreement is aimed at boosting Ghana’s private sector and strengthening the public financial management systems which would be partitioned in a €27 million and €15 million programme respectively summing up a total of €42 million deal.

According to the sector minister for finance, Kennedy Ofori-Atta acknowledged the fact that Ghana is progressing steadily towards macro-stability and debt sustainability.

“Truly, Ghana has paid its dues; our fiscal situation has improved, our reviews with the IMF under our programme are being completed successfully and on time; and broadly speaking, we are making steady progress toward macro-stability and debt sustainability,” Ken Ofori-Atta stated.

Further, Ken Ofori-Atta iterated the fact that, Government is committed to utilizing the resources which would birth appropriate conditions for better standards of living.

“We in government are fully committed to ensuring that these resources are deployed effectively, transparently and in a manner that maximizes their impact” He added.