Ghana, UK sign £215m growth partnership to boost investment, jobs

Africa, Politics

LONDON, United Kingdom (NPA) — Ghana and the United Kingdom have signed a landmark Growth Partnership Agreement aimed at deepening economic cooperation, attracting investment and creating jobs over the next three years.

Ghanaian President John Dramani Mahama announced the agreement on Monday following the Ghana-UK Investment Summit in London.

According to Mahama, the partnership will serve as a strategic roadmap for cooperation between 2026 and 2028, with investment deals worth up to £215 million expected to deliver significant benefits to Ghanaian businesses and citizens.

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“I am pleased to announce that today in London, we signed a landmark UK-Ghana Growth Partnership during the Ghana-UK Investment Summit as a roadmap for 2026–2028. It aims to deliver tangible benefits for Ghanaians and businesses operating in our country,” he said.

The president said the agreement prioritises private-sector growth, infrastructure development and skills acquisition for young people to enhance their competitiveness in the global economy.

A major highlight of the partnership is a £101 million UK-backed investment in the Takoradi Floating Dock Project, which is expected to establish the Gulf of Guinea’s first commercial-scale ship repair and dry-docking facility.

Mahama said the project would create up to 430 direct jobs, with 30 per cent of the positions reserved for women, while strengthening Ghana’s position as a regional maritime hub.

The agreement also includes significant investments in climate-resilient infrastructure and environmental sustainability.

According to the president, an £85 million reforestation fund and an additional £9 million investment for forest restoration in the Oti Region will support environmental conservation efforts, create jobs and promote sustainable development.

In the technology sector, a £6 million partnership has been earmarked to support the implementation of Ghana’s Artificial Intelligence Strategy and strengthen science.