Business News of 2012-10-31

EU aid money to fund healthcare, budget

The European Union has given Ghana 97 million euros that will go towards budgetary needs for the coming year as well as health care programs.

Finance Minister Kwabena Duffuor explained that 52 million of these euros will support an effort to decrease maternal mortality, an objective outlined in Ghana’s Millennium Development Goals, while another 2 will be used to “[deepen] institutions within the health sector.”

He expressed confidence that over the next four years, this money will contribute substantially to improvements in the healthcare center and added that 50 million will serve as general budgetary support.