Describing recent macroeconomic trends, the European Union has characterised Ghana’s recovery path as “positively surprising,” while emphasising the importance of continued reforms to secure lasting economic stability.
Speaking at a press briefing for the launch of Europe Month, EU Ambassador to Ghana H.E. Rune Skinnebach said the bloc is closely tracking the country’s improving economic performance indicators.
He noted that although the current trajectory is encouraging, sustaining the progress will require consistent policy implementation and strong structural discipline over time.
The Ambassador further explained that external influences, including global commodity price movements and ongoing debt restructuring processes, have played a role in the rebound, warning that these gains must be protected from potential reversal.
“It is a development that we follow closely that is positively surprising. We need to keep that situation sustainable because success is based on reforms, it is also based on gold prices, debt restructuring efforts and we cannot have that coming up again,” he said.
Addressing concerns related to slavery as a historical injustice, he clarified the European Union’s stance on a recent United Nations vote, stressing that abstention should not be interpreted as denial of the issue.
He added that both the EU and its member states continue to recognise the legacy of slavery, with several countries already engaging in restitution initiatives, including the repatriation of cultural artefacts.
Turning to development cooperation, Mr. Skinnebach outlined the EU’s priorities in Ghana, highlighting that a large share of assistance is directed toward reducing regional inequalities.
He revealed that roughly 60 percent of EU-funded development programmes in Ghana are concentrated in the northern regions, a targeted approach designed to lower vulnerability and reduce the risk of instability spreading from neighbouring countries facing socio-economic pressures.