The ninth session of the UK-Ghana Business Council (UKGBC) witnessed a high-profile gathering co-chaired by Vice President Dr. Mahamudu Bawumia and UK Minister for Development and Africa, Rt Honourable Andrew Mitchell MP. The meeting, held in Accra, focused on critical discussions encompassing the global climate finance architecture and strategic commitments to drive sustainable development.
Key highlights of the meeting included discussions on Ghana's dedication to unlocking climate financing for impactful activities such as carbon finance blends, electric vehicles (EVs), shipping, and the development of a hydrogen economy. The UK, in response, unveiled the Green Cities and Infrastructure Technical Assistance Programme for Ghana. This program aims to facilitate climate finance, promote low-carbon and climate-resilient infrastructure, and transform cities into innovation hubs while fostering sustainable economic growth.
The UKGBC, established in 2018, has played a pivotal role in advancing significant projects in Ghana. Financing agreements for crucial initiatives like Phase II of the Kumasi International Airport, Tamale International Airport expansion, Kejetia Phase III, and the completion of the Bekwai Hospital have been achieved through the council's efforts.
The meeting concluded with the signing of two Memoranda of Understanding (MoUs). The first, between the UK's Society Motor Manufacturing and Traders' Industry Forum and the Ministry of Trade's Auto Development Centre, focuses on skills, knowledge, and technology transfer partnerships. The second MoU, centered on Science, Technology, and Innovation, aims to drive economic prosperity in Ghana through advancements in science and technology.
The collaborative agreements underscore the commitment of both nations to fostering sustainable development, innovation, and knowledge-sharing for mutual benefit. The meeting marks another stride in the fruitful partnership between the UK and Ghana, contributing to the realization of impactful projects and initiatives.
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