The European Union (EU) is to invest €4.5 billion of its budget in Africa to generate about 10 million jobs on the continent in about three years.
The Vice-President of the EU Commission for Jobs, Growth and Investment, Mr Jyrki Katainen, who announced this, called for the strengthening of co-operation and partnerships between the EU and Ghana to ensure a win-win situation, as well as accelerate the economic development and prosperity of their people.
Business forum
Mr Katainen, who was speaking at the closing ceremony of the EU and Ghana Business Forum in Accra last Friday, said job creation was a key pillar for resolving unemployment challenges in Africa under the Africa-European Alliance for Sustainable Jobs launched in September last year.
The two-day summit, aimed at boosting private sector investment and stronger trade opportunities between Ghana and the EU for their mutual benefit, was held on the theme: “Boosting investments for sustainable jobs in Ghana.”
It attracted about 500 interested parties from the business community, top executives of local and international institutions, state agencies and the diplomatic corps.
“The business summit demonstrated the EU’s commitment to work in partnership with Ghana to accelerate socio-economic development,” Mr Katainen said, and stressed the resolve of the EU to support Ghana and other African nations to achieve their goals through innovations and trade.