Minister for Foreign Affairs and Regional Integration, Samuel Okudzeto Ablakwa, has emphasized the robust and evolving nature of the partnership between Ghana and the European Union, highlighting its critical role in fostering economic transformation and shared prosperity.
Speaking at the 2025 Ghana -European Union Partnership Dialogue held in Accra , the Minister underscored the deep alignment of values and ambitions that characterize the longstanding relationship.
Hon. Okudzeto Ablakwa reiterated the progress in Ghana’s economic outlook, noting the administration’s steadfast commitment to macroeconomic stability through prudent fiscal management, enhanced domestic revenue mobilization, and expenditure rationalization. He lauded the collaborative efforts with the Bank of Ghana in stabilizing inflation, strengthening the cedi, and pursuing debt restructuring strategies, which have recently resulted in a credit outlook upgrade for Ghana.
He also highlighted ongoing regulatory and institutional reforms aimed at promoting transparency, reducing inefficiencies, and expanding Ghana’s fiscal base. He notably confirmed the resolution of all outstanding land publication issues, a move poised to enhance the investment climate.
Central to the discussions, under the socio-economic partnership, he emphasized the continuous collaboration through increased trade, enhanced investment, and capacity-building initiatives to drive inclusive economic growth, create sustainable jobs, and expand business opportunities, especially as Ghana’s economy experiences a “phenomenal rebound.”
“At the heart of today’s discussion will be four critical pillars bordering on socio-economic partnership, peace and security, international governance, and human rights, and green growth and Sustainability.” He stated. “Under socio-economic partnership, through increased trade, enhanced investment, and capacity-building initiatives, Ghana and the EU shall continue to work together to drive inclusive economic growth, create sustainable jobs, and enhance opportunities for business. Our collaboration is pivotal in supporting industries, developing infrastructure, and ensuring prosperity for all our people, Particularly as Ghana’s economy is on a phenomenal rebound.”
Samuel Okudzeto Ablakwa specifically called for enhanced collaboration in higher education, technical and vocational education, and training. He pointed to Ghana’s consistent ranking among the top two Sub-Saharan African countries for Erasmus-Mundus joint master’s scholarships between 2021 and 2024.
The Minister advocated for simplified procedures and expanded opportunities within the Erasmus program, particularly in critical fields such as science, technology, engineering, ICT, and specialized medicine, to allow more Ghanaian students to benefit.
He underscored Ghana’s commitment to becoming an industrial hub, leveraging the Africa Continental Free Trade Area through diversification and the development of regional value chains.
Story By: Eugenia Ewoenam Osei
