EU Unveils New €39M Investment Initiatives to Spur Ghana’s Economic Transformation
The European Union, in collaboration with the Government of Ghana, has launched four landmark initiatives aimed at accelerating Ghana’s economic transformation. The initiatives were unveiled during the opening of the 3rd Ghana-EU Business Forum in Accra, under the theme “Fostering Investment in High Growth Potential Value Chains under the EU Global Gateway Strategy.”
President John Dramani Mahama, in his keynote address, called on global investors and development partners to turn their attention to emerging sectors in Ghana’s economy. He highlighted agribusiness, renewable energy, pharmaceuticals, and digital innovation as strategic areas for investment and growth.
“Ghana is ripe for innovation. Strategic investment in non-traditional sectors will help us harness the talent of our youth, generate employment, and build resilience,” the President said, linking the initiatives to his government’s broader BIG PUSH agenda for inclusive and sustainable growth.
Ms. Myriam Ferran, EU Deputy Director-General for International Partnerships, echoed the sentiment, stating that Ghana’s potential lies in building resilient value chains. “Agribusiness, health, and energy are not only vital to Ghana’s development—they are essential to building stronger connections with Europe,” she noted.
Four Flagship Initiatives Unveiled:
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Better Farming in Northern Ghana:
A €19.5 million investment (co-funded by France and implemented by AFD) to enhance climate-resilient agriculture in the north. Key value chains include shea, soya, vegetables, and beekeeping. -
Green, Digital, and Inclusive Private Sector Development:
Backed by €17.3 million (co-funded by the Netherlands and France), this project supports digital and green innovation across creative industries, pharmaceuticals, and healthcare, with a focus on Tamale. -
Investing in Young Businesses in Africa (IYBA):
Part of the wider Team Europe Initiative, IYBA channels up to €4 billion across nine African countries, including Ghana, to support early-stage businesses and women-led enterprises. -
AgriFI Ghana Window:
A €2.23 million investment supporting Ghana’s agritech sector through Complete Farmer. The project will build six fulfillment centres and expand digital platforms to strengthen agribusiness value chains.
Combined, these programmes represent a targeted €39 million investment directly into Ghana’s economy—excluding the broader IYBA envelope for Sub-Saharan Africa.
The forum reinforced Ghana’s strategic positioning within the EU’s Global Gateway Strategy and signaled growing momentum behind Ghana-Europe trade, investment, and innovation ties.
