Audio By Carbonatix
The economic co-operation between Ghana and Germany received a further boost on Wednesday following the decision of the German Investment Development Corporation (DEG) to provide Millicom Ghana, operators of the Tigo cellular network 80 million US dollars for expansion.
The long term off-shore funding will see DEG making available 27 million US dollars out of the 80 million US dollars in addition to 60 million dollars that Millicom is to raise from local banks.
Dr Winfried Mengelkamp, an official of the German Ministry for Generations, Family, Women and Integration, announced the deal at the end of a two-day conference jointly organised by Ghanaian-German Economic Association (GGEA) and trade mission of the German Federal State of North Rhine-Westphalia which was in Ghana to explore joint venture opportunities.
The conference was aimed to initiate joint ventures between Ghanaian organizations and companies and others from the State of North Rhine-Westphalia.
Ghanaian Foreign Minister, Mr Akwasi Osei-Adjei and the Prime Minister of North Rhine-Westphalia signed a partnership agreement on November 5, this year to boost trade and economic relations between the two countries.
Dr Mengelkamp said the partnership would not be limited to telecommunications alone but it would also include tourism, agriculture and food processing.
As a first step to implementing the partnership, Dr Mengelkamp said the agreement would include the introduction of vocational training modules to complement those of Ghana
Selected Ghanaian companies in the fields of civil construction, road construction renewable energies, metal works, carpentry and roofing would be entitled to send their staff to counterparts in North Rhine-Westphalia for professional training.
He noted that the booming Ghanaian economy needed the know-how and highly qualified personnel thus the initiative would lift the standards of non-academic but practical job education.
North Rhine-Westphalia is responsible for 25 percent of heavy industrial products in Germany.
Source: GNA
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Polls open in tense Uganda election amid widespread delays
11 seconds -
Prof. Antwi-Danso urges Mahama to lead a united African front against external influence
21 minutes -
Jamaican government praises Ghanaian engineers for for post-hurricane reconstruction
23 minutes -
500 Alpha Kappa Alpha members mark Founders’ Day in Ghana, reconnect with African Roots
24 minutes -
Retired colonel warns geopolitical tensions could trigger global conflict
30 minutes -
Ghana’s delegation engages in UN Child Rights review in Geneva
34 minutes -
GPRTU denies union involvement in overcharging passengers amid vehicle shortage claims
37 minutes -
Today’s Front pages : Thursday, January 15, 2026
38 minutes -
Refuge IT Security Solutions & LifeTouch Inc support ESL Sports Personality of the Year
41 minutes -
Dr Edward Nartey Botchway: The mechanics of trust in modern banking
45 minutes -
Tricycle union urges gov’t to reduce GH₵1,500 licensing fees to boost compliance
47 minutes -
Trade Minister pushes for concrete China-Ghana investments
48 minutes -
Government has advanced nationwide expansion of CHPS compounds – Kwakye Ofosu
51 minutes -
Gov’t credits fuel and import cost cuts for easing living costs
52 minutes -
Government likely to launch Women’s Development Bank this year – Kwakye Ofosu
1 hour
