Ghana Signs ¥402 Million Grant Agreement with Japan for Human Resource Scholarship Program
Accra, Ghana - 03 June, 2025 - Ghana's Minister of Finance, Dr. Cassiel Ato Forson, has signed a significant grant agreement with the Government of Japan, securing a ¥402 million grant under the Japanese Grant Aid for Human Resource Development Scholarship (JDS) Programme.
Dr. Forson signed the agreement on behalf of the Government of Ghana, marking a significant milestone in the country's development partnership with Japan, in the presence of Miyazaki Katsura, Senior Executive Vice President of the Japan International Cooperation Agency (JICA), who reiterated Japan's commitment to supporting Ghana's development.
The JDS Programme is a Japanese government initiative aimed at fostering human resource development in partner countries. The program provides scholarships to students from participating countries to pursue higher education in Japan, with the goal of building capacity and promoting economic development. Ghana has been a beneficiary of this program, and the new grant agreement will further strengthen the country's human resource base.
According to Dr. Forson, the grant agreement is a testament to the strong partnership between Ghana and Japan. "On behalf of the Government and People of Ghana, I extended our sincere gratitude to Japan for its unwavering support toward Ghana's development goals," he said.
The Minister emphasized that the partnership reflects a shared vision of investing in people to drive transformation and economic growth.
''This partnership is a testament to our shared vision of investing in people to drive transformation.''
During the signing ceremony, Dr. Forson also provided an update on Ghana's economic progress. He highlighted key indicators that suggest improvements in the country's economic fundamentals, including falling inflation, declining debt levels, and renewed investor confidence.
''We expect improvements in our sovereign credit ratings soon, supported by falling inflation, declining debt levels, and renewed investor confidence.''
These developments are expected to lead to enhancements in Ghana's sovereign credit ratings, making the country a more attractive destination for foreign investment.
The grant agreement is a significant boost to Ghana's development efforts, particularly in the area of human resource development. The funding will support scholarships for Ghanaian students to pursue higher education in Japan, enabling them to acquire skills and knowledge that can be applied to drive economic growth and development in Ghana.
The partnership between Ghana and Japan is not new. Japan has been a long-standing development partner of Ghana, providing support in various areas, including infrastructure development, agriculture, and human resource development.
Source: Lead News Online
