• The funding will back vocational training, energy, and renewable projects.

• The announcement came during President Steinmeier’s visit to Accra.

• Ghana targets $4 billion in investments under its “24-Hour Economy” program.

Germany will provide Ghana with €65 million (about $75 million) in development funding, German President Frank-Walter Steinmeier announced during a joint press conference with President John Dramani Mahama on Monday, November 3, 2025. The funding, pending approval by the German Parliament (Bundestag), will be finalized later this month.

Germany will again support Ghana this year with more than €65 million (about GH¢823 million) in development cooperation, President Frank-Walter Steinmeier of Germany, has announced. #GNA #GhanaNewsAgency #GhanaGermany pic.twitter.com/oFMasPTrG1

— Ghana News Agency (@GHANANEWSAGENCY) November 3, 2025

Steinmeier said vocational training for young people was a key topic in his talks with Mahama, with a focus on creating quality jobs in sectors such as healthcare, pharmaceuticals, and the digital economy. The two leaders also agreed to strengthen cooperation on energy efficiency and renewable energy development.

The announcement came as Steinmeier began a three-day visit to Ghana aimed at deepening bilateral relations. Accra and Berlin maintain close cooperation, particularly in the fields of health and science.

Under its national development agenda, Ghana plans to mobilize about $4 billion over the next four years to implement the “24-Hour Economy” program, which seeks to transform the country’s economic structure, enhance resilience, and create 1.7 million jobs to boost industrialization.

According to the African Development Bank’s 2024–2029 Country Strategy Paper, Ghana aims to increase investment in agriculture and job creation, strengthen skills and the business environment to support private sector growth, and improve infrastructure and energy.

Both countries also agreed to hold regular high-level political consultations on bilateral, regional, and international issues of mutual interest.