German Economy Minister hails Ghana's "impressive economic progress" | General news



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The Minister of Economic Cooperation and Development of the Federal Republic of Germany, Mr. Gerd Muller, hailed "the impressive progress made by the Akufo-Addo government on the economic front", which made the country of West Africa one of the fastest growing economies in the world. a privileged partner of his country.

According to Dr. Muller, Ghana also enjoys an enviable reputation in the league of democratic nations. Along with its stable macro and micro economic outlook, Germany is happy to partner with Ghana as it moves towards the next stage of its development.

Speaking at the 3rd German-African Summit (GABS) in Accra on Tuesday, February 12, 2019, Dr. Muller said:

"Ghana's new government has made impressive progress on the economic front. You have one of the highest growth rates in Africa, 8.5%. Five of the ten most dynamic economies in the world are in Africa, and Ghana is one of them, at the top. "

He continued: "Ghana is a stable democracy and a pillar of stability in the region. Your country is a partner country of reform and an African partner country with Germany. As part of these partnerships, we support your policies, Mr. President, to strengthen economic performance and develop infrastructure, particularly in the areas of energy, health and training. "

Mr Muller also congratulated Ghana for its "significant progress" in the fight against corruption, stressing that it was a key factor in any investment decision.

"The most important basis for investors is legal certainty and reliable contracts. Ghana has made important progress in the fight against corruption in recent years. it's very important for investors. The countries of West Africa and Ghana in particular have the potential and the will to make progress and reforms; we are all convinced of it. Policy makers and the business community of Germany are at your side. Our President's visit and today's program are proof of that. "

Mr. Muller is committed to further supporting investment in vocational training in Ghana over the next few years, with the goal of creating training spaces for at least 25,000 youth over the next three years. , stating that "this is the German way of doing business. The investment should not only focus on money and business, but also on the future of your youth.

The German-African Business Summit (GABS) is Germany's premier professional event in Africa. Business and government leaders from Germany and sub-Saharan Africa meet every other year on the continent to discuss and promote economic relations.

More than 350 German and African companies and 16 German ambbadadors from African countries such as Equatorial Guinea, Benin, Guinea, Liberia, Nigeria, Tanzania and Togo will travel to Accra to discuss the future potential of German-German trade relations. African. Deputy Minister of Economic Affairs and Energy Thomas Bareiss will also attend the summit.

The Vice President of the Republic, Mr. Mahamudu Bawumia, gave the opening speech.

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