H.E. Dr. Mahamudu Bawumia, Vice President of the Republic, has on January 31, 2024, co-chaired the ninth UK-Ghana Business Council (UKGBC) meeting with the UK Minister for Development and Africa, Rt Honourable Andrew Mitchell, in Accra.
He noted that the “Council members discussed the global climate finance architecture and welcomed Ghana’s commitment to unlock climate financing to support a pipeline of impactful climate activities in areas such as carbon finance blends, EV’s, shipping and a hydrogen economy, and welcomed the UK’s announcement of the Green Cities and Infrastructure Technical Assistance Programme for Ghana”.
Dr. Bawumia further added that the programme will centre on delivering climate finance, low carbon, climate-resilient infrastructure, and assist cities to become hubs of innovation while promoting long-term economic growth.
The UKGBC has made significant progress since its inception in 2018, resulting in financing agreements for key Ghanaian projects including Phase II of the Kumasi International Airport, expansion of the Tamale International Airport, Kejetia Phase III, and the completion of the Bekwai Hospital.
Dr. Bawumia has disclosed that two Memoranda of Understanding have between signed, thus, between the UK’s Society Motor Manufacturing and Traders’ Industry Forum and the Ministry of Trade’s Auto Development Centre, agreeing to pursue skills, knowledge and technology transfer partnerships; and a Science, Technology and Innovation MoU to drive economic prosperity through Science and Technology.