Vice President Dr Mahamudu Bawumia on Wednesday January 31 co-chaired the ninth UK-Ghana Business Council (UKGBC) meeting in Accra with a visiting delegation led by Rt Hon. Andrew Mitchell, UK’s Minister of State for Development and Africa.
Among others, Council members discussed the global climate finance architecture and welcomed Ghana’s commitment to unlock climate financing to support a pipeline of impactful climate activities in areas such as; carbon finance blends, EVs, shipping and a hydrogen economy.
The members also welcomed the UK’s announcement of Green cities and Infrastructure Technical Assistance Programme for Ghana. The programme will focus on delivering climate finance, low carbon, climate-resilient infrastructure and support cities to become hubs of innovation, while bolstering sustainable economic growth.
Since its inception in 2018, the UKGBC has made very significant progress, resulting in financing agreements for such Ghanaian projects as Phase II of the Kumasi International Airport, expansion of the Tamale Airport, Kejetia Phase III and completion of the Bekwai Hospital.
At the end of the meeting, two memoranda of understanding were signed. They were between the UK’s Society Motor Manufacturing and Traders’ Industry Forum and the Ministry of Trade’s Auto Development Centre. The two bodies agreed to pursue skills, knowledge and technology transfer partnerships and a Science, Technology and Innovation memorandum of understanding to drive economic prosperity through science and technology.