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Europe must invest in Africa - Matteo Renzi

Matteo Renzi said European country is taking strategic steps to enhance its long existing relationship with Ghana.

 

According to him, Italy is passionate about its investment in Ghana.

He said the European country is taking strategic steps to enhance its long existing relationship with Ghana.

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Addressing parliament Tuesday morning, Mr. Renzi called on other European countries to invest in Africa in order to send the right signals to future generations.

"Your wealth will be our wealth and your challenges will be shared across our collective efforts in finding solutions that work among the two countries in the spirit of collaboration.

"...Europe must invest in Africa in order to send the right message to future generations," he stated.

Recently the government of Italy disbursed the second tranche of a grant facility of five hundred and fifty thousand Euros to support the Private sector Development Initiative.

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On his part, President John Mahama commended Italy's continued support to Ghana's small and medium scale Enterprises.

President Mahama, made the commendation when he hosted the visiting Italian Prime Minister Mateo Renzi to a state Dinner at the Flagstaff House in Accra.

According to him, the European country is taking strategic steps to enhance its long existing relationship with Ghana and is hopeful that the West African country will continue to open its doors to genuine cooperation.

President Mahama, however, called on the European Union to also support troubled African countries like Libya, where most migrants cross to Europe.

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"One of the key issues for which Ghana will encourage Italy to rally and get the European Union to work hard at is the need to support troubled countries like Libya to build a stable and functioning government. Developing and troubled countries must be supported by their development partners to build industry aimed at creating employment opportunities for young people in order to stem the regular migrant flows into Western Europe," he added.

According to President Mahama "this visit by the Prime Minister will not only strengthen the existing cordial, political and socio-economic ties between Ghana and Italy but also confirm Ghana’s international credentials as a sound political environment and one of Africa’s most promising emerging markets."

The Italian Prime Minister is in Ghana for a two-day official visit to the country.

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