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Ghana receives $80 million in aid from Switzerland

Ghana receives $80 million in aid from Switzerland

The MoU was signed when the President of Switzerland, Ms Doris Leuthard, called on President Nana Addo Dankwa Akufo-Addo at the Flagstaff House in Accra Wednesday.

"We hope that, as we shape the future of Ghana, and position Ghanaian enterprises to compete effectively in the global market space, we have friends, such as the Swiss Confederation, to support us in this objective", the president revealed.

She said there were Swiss businesses in Ghana operating in the areas of energy, pharmaceuticals, logistics, finance and chocolate production, adding that Switzerland had identified Ghana's agricultural sector as a viable area of investment.

The President has said the biggest challenge facing his government is inadequate jobs for the youth of the country.

Ghana, the world's second largest producer and top grower Ivory Coast, which together account for more than 60 per cent of the world's cocoa supply, have been hit by a sharp drop in world prices that have seen cocoa futures plummet by around a third.

Ghana is now Switzerland's largest trading partner in sub-Saharan Africa.

It said the two countries have also agreed to increase trade volumes in gold and cocoa.

The two leaders acknowledged that the issue of migration and mobility had gripped the attention of the world in recent years and chose to co-operate further in ensuring legal and safer means of migration.

President Akufo-Addo also took the opportunity also to solicit Swiss support for the candidature of Prof. Henrietta Mensa-Bonsu, a distinguished Ghanaian jurist, for election to the International Criminal Court (ICC) during the elections, which will be held in the 16th Session of the Assembly of State Parties to the ICC from 4th to 14th December 2017.

"There are many amongst us who cannot accept that it is only Asians who can engineer their transition from poverty to prosperity in a generation". We are determined to do that in our generation in Ghana, and ensure that succeeding generations will be neither victims nor pawns of the worldwide economic order.