PR & COMMS UPDATES – MOTAI
Hon. Elizabeth Ofosu-Adjare, Minister for Trade, Agribusiness, and Industry, held a series of high-level meetings with the British High Commissioner, EU Ambassador, and UNIDO Country Coordinator on Thursday, November 20, 2025, with the goal of strengthening partnerships in trade, investment, industrialisation, and private-sector growth.
The EU pledges stronger investment support under the Global Gateway Programme
Mr. Rune Skinnebach, EU Ambassador to Ghana, paid an introduction visit to the Minister, outlining the European Union’s increased emphasis on interest-driven partnerships focused on investment, long-term economic development, and value creation.
He emphasised the EU’s €150 billion Global Gateway investment package for Africa, which aims to channel development funding and private resources into high-impact initiatives.
The Ambassador emphasised that Ghana must position itself competitively to attract these investments, pointing out that the EU remains Ghana’s largest export market, donor, and investor.
Hon. Ofosu-Adjare praised the EU’s long-standing collaboration and reaffirmed Ghana’s commitment to establishing a conducive business environment. She described herself as a “pro bono lawyer for industry” and mentioned a recent collaboration with the Bank of Ghana to lengthen the deadline for repatriating export revenues from 60 to 120 days.
Both sides agreed to step up collaboration between the Ministry, the EU Delegation, and the European business sector in order to open up new investment prospects.
UK, Ghana Explore New Growth Partnership and SME Financing Support
Dr. Christian Rogg, the British High Commissioner, also paid a courtesy call, during which discussions focused on increasing UK investment in Ghana, strengthening SME financing, and monitoring progress under the UK-Ghana Trade Partnership Agreement.
Hon. Ofosu-Adjare underlined Ghana’s political stability and concentration on job development, highlighting the critical need for grant funding and accessible finance for micro, small, and medium-sized businesses.
She noted that, despite rigorous training, a lack of finance continues to stifle SME growth.
Dr. Rogg emphasised the continuous support of British International Investment (BII), which oversees financing facilities targeted at cutting costs and attracting private investment for emerging businesses.
The High Commissioner also requested an update on proposed changes to the GIPC Act, including the elimination of minimum capital requirements for foreign investors.
The Minister indicated that the amendments have been approved by Cabinet and are currently being discussed with a wide range of stakeholders. He also recommended formalising UK-Ghana economic collaboration through a structured “Growth Partnership,” which the Minister enthusiastically supported.
UNIDO to Support Ghana’s Industrial Park Agenda
In a different meeting, Mr. Eric Gyenin, the UNIDO Country Coordinator, informed the Minister about UNIDO’s impending attendance at a significant industrial conference in Saudi Arabia as well as an impending technical mission to Ghana with the goal of strengthening cooperation on industrial development.
Hon. Ofosu-Adjare reiterated her previous plan to build a 500–1,000 acre industrial park, which was initially explored with Japanese investors. She also indicated interest in obtaining institutional and technical support from UNIDO.
She asked UNIDO to get in touch with its headquarters to discuss potential areas of cooperation, particularly with regard to assessments, feasibility studies, project planning, and investment promotion.
Mr. Gyenin reiterated that in order to further Ghana’s industrialisation strategy, UNIDO is prepared to offer technical assistance, industrial diagnostics, policy support, and international partnership facilitation.
Under the direction of Hon. Elizabeth Ofosu-Adjare, these high-level interactions highlight Ghana’s revitalised efforts to draw in investment, advance industrialisation, fortify SMEs, and expand international economic ties.
Source: newsthemegh.com