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Ghana, Switzerland Sign Project Grant Agreements

An official signing ceremony took place today at the Ministry of Finance between Ghana and Switzerland on a project grant agreement totaling US$15.3 million,
 
The Swiss Ambassador to Ghana, H.E. Gerhard Brugger signed on behalf of the SWISS Government and the Deputy Minister for Finance, Hon. Mona Quartey signed on behalf of Ghana.
 
The grants are the Domestic Revenue Mobilization Project (US$6.5 million); Remittance Grant Facility (US$2.6 million) and the Ghana Urban Mobility and Accessibility Project (US$6 million).
 
Hon Quartey expressed appreciation to the Government and people of Switzerland for their immerse support to Ghana.
 
She noted that all Swiss assistance and support to Ghana had been in the form of Grants.
 
Hon Quartey listed some of the areas of Swiss assistance as Private Sector Development through the Venture Capital Fund; Infrastructure Support to the Electricity Company of Ghana; Public Financial management with support to the Public Procurement Authority and the Tax Policy unit of the Ministry of Finance; Support to the Collateral Registry of the Bank of Ghana; and Support to the Financial Stability Department of the Bank of Ghana.
 
She also noted in particular, the recent provision of a grant of Twenty One Million US Dollars (US$21 Million) by Switzerland to support the third phase of the Ghana Energy Development and Access Project (GEDAP III), which seeks to build capacities of ECG and NEDCO to reduce technical and commercial losses as well as the Swiss support of Ten Million Swiss Francs (CHF 10,000,000.00) for the District Development Facility.
 
Hon Quartey assured Switzerland of Government’s resolve to make judicious use of external resources and mobilize domestic resources through efficient tax administration adding that Government will continue to invest in productive sectors of the economy as well as programmes and projects that create jobs and support the vulnerable in line with the recent UN adopted Sustainable Development Goals (SDGs) to transform Ghana.
 
The Swiss Ambassador to Ghana, H.E. Gerhard Brugger stated that Ghana had been a priority country for Switzerland’s economic development co-operation since 2002 and that the co-operation program focused on promoting good economic governance, strong institutions, and strengthened competiveness and inclusiveness.
 
He underscored Switzerland’s continued commitment to work with Ghana in areas that are critical for inclusive and sustainable growth adding that the agreement emphasized the long term engagement between the two countries.
 
Present were the Deputy Minister, Ministry of Local Government and Rural Development, Hon. Emmanuel Agyekum (MP); Director, External Resources Mobilization- Bilateral at the Ministry of Finance (MOF), Ms. Yvonne Quansah;  Director,  Financial Sector Division,MOF, Mrs Magdalene Apenteng; and Officials of the Ministry of Local government and Rural Development.
 

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