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.

 

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