Economy Bouncing Back – EU Envoy

Cecil Sunkwa-Mills, Prof. Amin Alhassan, Amb. Irchad Razaaly and Mr. Affail Monney

THE EUROPEAN Union (EU) envoy to Ghana, Irchad Razaaly, on Friday disclosed that the country’s economy is recording growth in terms of Gross Domestic Product (GDP).

The positive news was dropped during a breakfast engagement between the envoy and selected senior journalists under the joint aegis of the Ghana Journalists Association (GJA) and the EU in Ghana, in commemoration of EU Day.

The EU, he said, while speaking to the journalists, has not diminished its financial support to Ghana regardless of the challenges posed by the Russian invasion of Ukraine and its attendant fallouts.

“The war in Ukraine won’t diminish EU support for Ghana,” he said.

EU Day, which falls today, May 9, he said has its origin in the decision taken between France and Germany not to go to war again following the end of WWII. The two countries, he said, decided to merge their coal and steel resources; a merger which they felt would cement a bond between them, something engineered by the French Foreign Minister on 9 May, 1957.

The European Community, which then started as an economic bloc, has today grown into a politico-economic bloc.

The EU, he said, has invested in various disciplines in the country, one of them being the Kpong Dam in which €170 million has gone into from the coffers of the EU, he said.

According to the envoy, the EU was the first to provide vaccines under the COVAXX scheme for African countries, adding that Ghana was the first beneficiary on the continent.

He underscored the economic fallouts on the rest of the world including Ghana, and bemoaned the situation where another country would invade a sovereign nation as Russia has done in Ukraine, ignoring standards and rules for the settlement of issues.

Present during the programme were the Director-General of Ghana Broadcasting Corporation (GBC), Prof. Amin Alhassan; President of the GJA, Affail Monney and President of the Ghana Independent Broadcasters Association (GIBA), Cecil Sunkwa-Mills.

BY A.R. Gomda

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