British Investment Minister and Parliamentary Under-Secretary of State at the Department for International Trade, has announced that Ghana will be receiving a £40 million financial backing to aid the construction of an ultra-modern airport terminal in Kumasi, the Ashanti Region capital.
Graham Stuart announced this at the second Ghana Investment and Opportunities Summit held in London Tuesday and said, the move is part of Britain’s commitment to strengthen its partnership with the country.
“But what makes this supermodern engineering project special is; there’s a partnership between the UK and Ghana and… is making this plan a reality with financial backing from the UK government,” he said.
UK’s Department for International Development and Department for International Trade have published a summary of 27 commercial deals worth over £6.5 billion from across the African markets invited to the UK-Africa Investment Summit.
The Departments say the deals demonstrate that the UK and Africa are securing a lasting commercial partnership of mutual benefit.
“The UK’s world-leading expertise on finance, technology, innovation, and our commitment to clean growth make the UK and Africa natural partners for prosperity,” said a statement from the Department for International Development and Department for International Trade.
Graham Stuart said Ghana will be benefiting massively from this as the UK government has announced its commitment to supporting the country with a £110million to aid in the construction of a state of the art 750-bed maternity unit for the Okomfo Anokye Teaching Hospital in Kumasi.
“An ambition underlined by British Prime Minister, Boris Johnson, when he announced £620 million to support British exports to nations across the African continent.
“That brings UKs total financial commitment in just two years to £2billion,” he said.
Mr. Staurt further said that Britain is determined to give further support to the country while investing in activities that will help in growing the economy.
According to him, the British government through Blue Skies [a company dealing in drinks production] has provided employment for over 3,500 people in the country.
He also said that Prudential and Standard Chartered is partnering with Ghanaians to grow businesses in the country.
Mr. Stuart also commended the Akufo-Addo-led government for its Ghana Beyond Aid initiative and said “now is the best time for both countries to strengthen its partnership” especially in a time where the UK intends to break away from the European Union and develop its own independent economy.
- 16 feared dead, over 40 injured in Gomoa Okyereko accident on Accra-Cape Coast highway
- Supreme Court ‘cautions and discharges’ NDC’s Kpessa Whyte after convicting him for contempt
- Pressure mounts on cedi; loses 9% in value to dollar last week
- Nigeria: Hilton Hotel owner, two workers sentenced to death for murder of student
- Bawumia picks NPP flagbearer nomination form
- AFCON 2023Q: Nuamah included, Sowah dropped as Hughton names Ghana squad to face Madagascar
- Parliament writes to EC, declares Assin North seat vacant
- 2023 U23 AFCON: Kamaldeen Sulemana to be called up to Black Meteors squad for tournament
- Learn your trade, don’t force a move from Ajax – Liverpool legend advises Ghana star Mohammed Kudus
- 14-yrs after former IGP Kudalor’s bodyguard ‘vanished’, his mother seeks closure
- Fire burns Madina-Ritz junction again
- UCC’s Prof David Teye Doku named best Social Sciences and Humanities Scientist in Ghana
- Prof Gyampo slams Akufo-Addo over presidency’s request for CVs of senior EC officials
- Petrol, diesel prices to stay same; LPG to go down 5% – IES
- Prudential Life Insurance targets informal sector with ‘Mekakrawa’ insurance policy
- STEM education: Afia Kobi SHS students build model aircraft to aid maritime surveillance
- Cigar smoked by Sir Winston Churchill nearly 80 years ago up for auction
- Bofoakwa Tano seal Ghana Premier League return after beating Eleven Wonders on penalties
- National Cathedral: We need $100m to import steel for work to proceed – Dr Opoku Mensah
- Black Stars face USA in friendly on October 17
- US Ambassador to Malta pays courtesy call on Ghana’s High Commissioner to Malta, Barbara Benisa
- Authorities must probe Gomoa Okyereko accident to prevent future occurrences – Afenyo-Markin
- My husband thinks I ‘tricked him into marriage’ because I postponed our baby plans to take a 6-figure job
- NDC has rolled out plans to retain Assin North seat – Mustapha Gbande
- Mother-in-law interrupts gender reveal to hug son before he can congratulate his pregnant wife