It’s a good time to invest in Ghana – EU Ambassador

The European Union Ambassador to Ghana, Rune Skinnebach, has said it is a favourable moment to invest in Ghana, citing strong investor confidence driven by stability and reforms.

Ambassador Skinnebach made the remarks during an interview with The Ghanaian Times at the Kwame Nkrumah University of Science and Technology (KNUST) on Wednesday, where he delivered a keynote address focused on scholarship opportunities at European universities.

He said Ghana’s political stability, ongoing economic reforms, and deepening relationship with the European Union were key factors boosting investor interest. According to him, “it was a very good time to be in Ghana,” adding that confidence in the country continued to grow.

He disclosed that more than one billion euros in Global Gateway investments had already been committed to Ghana, describing this as part of broader EU engagement on the continent. He further explained that Ghana’s peace and stability were central to its attractiveness as an investment destination.

Ambassador Skinnebach noted that the European Union remains Ghana’s largest export market, its biggest development partner, and one of its key sources of investment.

He said this partnership continues to expand through trade, development cooperation, and strategic collaboration between both sides.

He also highlighted the EU’s Global Gateway Investment Package for Africa, a €150 billion initiative launched in 2022 to support infrastructure development, financing, and private sector growth across the continent.

He said Ghana could benefit significantly from the programme if it positions itself well.

He stressed that the initiative was an “offer” that required countries to actively make themselves attractive through stable political and macroeconomic conditions, a conducive business environment, reliable infrastructure, and strong legal systems.

Mr Skinnebach cautioned that Ghana’s competitive advantage was not guaranteed, noting that other countries could attract the same European investment if they offered better conditions.

He added that investors would naturally shift elsewhere if such conditions improved outside Ghana.

During his engagement with students at KNUST, he emphasised the importance of connecting with young people, describing them as central to Ghana’s present and future.

He said the session aimed to inform students about opportunities in Europe while also allowing EU officials to listen to their perspectives.

He also commended Ghana’s democratic record, describing its peaceful electoral transitions since 1992 as a major achievement and calling the country’s democratic experience “extremely successful” in terms of elections.

Source: Ghanaian Times