Germany increases Ghana’s development cooperation portfolio to €130m annually


Germany’s portfolio of development cooperation to Ghana increased to €130 million annually.

This, according to the German Ambassador to Ghana, Christoph Retzlaff, deepen trade ties between Ghana and the Federal Republic of Germany.

Speaking to Charles Ayitey, the ambassador revealed the priorities of Germany in 2021 will be on renewable energy, corporate governance, Ghana’s Covid-19 recovery and development of SMEs.

“We have a substantial portfolio in our development cooperation. It’s about €130 million per year that has increased significantly over the last four years. I will say relations have been deepened over the last years. We do this because we see a lot of investment potential in the country,” he revealed.