afrol News, 13 January - The German government has pledged €130 million to Ghana under its financial and technical cooperation for the period 2009 to 2011. The new pledge represents an increase of more than 60 percent in assistance from the German government to realise its aim of providing support for partner countries that succeeded in practicing good governance.

According to a statement from the Germany Embassy in Accra, Germany made the commitment at inter-governmental negotiations between the Republic of Ghana and the Federal Republic of Germany on 17 and 18 December 2009 in Bonn, Germany.

The statement said the intergovernmental dialogue highlighted the strong commitment of Ghana to achieving the Millennium Development Goals and to promoting broad-based growth.

The German delegation acknowledged Ghana's successes in reducing poverty as well as playing a leading role in ensuring regional stability and democratisation.

Both delegations stressed the importance of the recent oil and gas discovery to Ghana's sustainable growth and the need to adopt international best practice for the exploitation of the resource, the release said.

"The Ghanaian-German bilateral development cooperation is based on Ghanaian strategies and implemented within the framework of the Ghana -Joint Assistance Strategy,” said the statement.

The release said; "in this context it was agreed to continue the German assistance in the existing focal areas of sustainable economic and financial development; agriculture and decentralization".

Additionally, Germany had scaled-up its commitment for direct budget support in the framework of the Multi Donor Budget Support to the tune of 55 Million Euro in September 2009.

By staff writer

© afrol News

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