The European Union Ambassador to Ghana, Rune Skinnnebach, has urged Ghana to maintain political and macroeconomic stability to attract more investment and sustain economic growth.

Speaking at a Career Services Centre programme at Kwame Nkrumah University of Science and Technology on Thursday, May 14, 2026, the ambassador expressed concern about growing instability in the Sahel and neighbouring countries, warning that such developments could pose risks to Ghana’s peace and security.

According to him, although Ghana continues to enjoy a stable democratic environment, sustaining investor confidence will depend largely on the country’s commitment to economic reforms, good governance, and peaceful electoral processes.

He assured participants that the European Union remains committed to supporting Ghana’s democratic and development agenda.

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The ambassador noted that Ghana’s democratic environment should empower citizens to hold leaders and public institutions accountable.

He also encouraged Ghana to take advantage of the EU’s Global Gateway Investment Package for Africa to mobilise additional development financing and strategic investments.

“Since 2022, the EU has established what we call the Global Gateway Investment Package for Africa — €150 billion. This is a huge amount, of course. It combines traditional development financing, international financial institutions’ funding, and private sector investments,” he said.

The ambassador stressed that the European Union remains Ghana’s largest investor, export destination, and development partner.

“Today, the biggest investor in Ghana is the EU. The EU is also the biggest export market for Ghana. We are also the country’s largest development partner,” he stated.

He explained that Ghana’s ability to attract more European investment will depend on improvements in infrastructure, legal systems, the business climate, and overall macroeconomic stability.

“It has to ensure political and macroeconomic stability, create a business-friendly environment, develop functional infrastructure, and strengthen legal frameworks to make itself attractive to European investors,” he said.

He cautioned that investors could shift their attention to other countries in the region if Ghana fails to remain competitive.

SO/MA

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