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Good News As Government Secures €170m From European Investment Bank To Revitalize The Economy.

Ghanaians now have the bragging rights to be optimistic on the growth of the economy. The Ghanaian economy is expected to kick off strongly as interventions are made by the government of the day to make it robust and one of the best in the world. These interventions are made to neutralize the negative effects of covid-19 on the economy. It can be recalled that, before the outbreak of the novel Corona virus, Ghana's economy was the fastest growing economy in the world.

Just some few weeks ago, concerned citizens of the country came out to implore the Government to fix the challenges the country faces. Some of these challenges were poor roads network, hike in fuel prices, depreciation of the cedi, falling standard of the education system, inadequate Health Infrastructure, high cost of living among others

According to the Government, all these fallouts came because of the international pressures the economy suffered due to the pandemic.

So in a quest to address all these issues, the government on Wednesday, 19th May 2021 received a total sum of one hundred and seventy million euros from the European Investment Bank (EIB) the establishment of a new national Bank, "Development Bank Ghana(DBG).

DBG is one of the pillars of our ¢100 Billion Ghana CARES "Obaatampa" project, a program to revitalize the Ghanaian economy following the onset of covid-19. It is expected to stimulate growth in the private sector whilst aiming at transforming the Ghanaian economy.

On the occasion, the Honourable minister for Foreign Affairs and Regional Integration, Mrs Shirley Ayorkor Botchway signed on behalf of president Nana Akuffo Addo, with Dr Werner Hoyer, president of the bank who also signed on behalf of the bank.

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