Ghana will be one of so far only seven African countries to conclude a “Compact with Africa” partnership within the G20 “Partnership with Africa” Initiative of the German G20 presidency. This Compact will be supported by a new Reform Partnership between Ghana and Germany.
The conference “G20 Africa Partnership – Investing in a Common Future” in Berlin on 12th and 13th June 2017 brought together the President of the African Union, Heads of State of African countries , the Presidents of IMF, Worldbank, Africa Development Bank and the German Government. In the margins of the conference, the President of Ghana, Nana Akufo-Addo also met with German Chancellor Angela Merkel.
During the G20-Africa-Conference, participants explored new investment opportunities in Africa and discussed how new incentives for more private‑sector investments, sustainable investments in public infrastructure and economic participation can be created. A further aim of the G20 Africa Partnership is to support access to a climate‑friendly energy supply through renewable energies in Africa.
Africa will be a key player in the 21 century. Economic development and population growth in Africa have a global impact. This is why the German Government made Africa one of the priorities of its G20 Presidency. The German Government is endeavouring to boost political and economic stability in Africa through the G20 Africa Partnership.
Appreciation for reforms in Ghana
German Foreign Minister Sigmar Gabriel and Foreign Minister of Ghana Shirley Botchwey met at the German Foreign Office in Berlin for the first time. Foreign Minister Gabriel expressed appreciation for the reforms of the new government in Ghana and its stabilizing role in Westafrica. Ghana as a stable democracy with a growing economy could serve as a role model for other African countries.
Previously the Ghanaian Finance Minister Ken Offori-Atta met with the German Minister for Development Cooperation, Gerd Müller. Ghana is one of three African countries, together with Cote d’Ivoire and Tunisia, that have agreed a reform partnership with the German Development Ministry (BMZ) and will receive 100 million Euro in the framework of this programme. One of the key elements of this programme is to create a more favorable landscape for private investments especially in the field of renewable energy. Tunisia, Côte d’Ivoire and Ghana stand out by virtue of their reform-oriented policies. These policies have a strong focus on transparent budgets, fighting corruption, promoting democracy and realizing economic reforms.
In the margins of the G20 Africa summit in Berlin President Akufo-Addo, accompanied by Foreign Minister Shirley Botchwey, Finance Minister Ken Ofori-Atta and Education Minister Matthew Prempeh, met representatives of German companies at the invitation of DIHK and SAFRI. The talks focused on the opportunities for German companies in Ghana. In the context of the economic-oriented policies of the new government Ghana offers many opportunities in the energy, infrastructure and health sector among others.
G20 Africa Partnership – Investing in a Common Future
Berlin, Germany, 12 – 13 June 2017