The European Union (EU) Ambassador to Ghana, Rune Skinnnebach, has urged Ghana to sustain its economic and political stability to attract more European investors and strengthen its position as a preferred investment destination in the region.
According to the ambassador, Ghana’s current stability remains encouraging, but maintaining investor confidence will require continued commitment to economic reforms and sound governance, particularly during election periods.
Speaking at a Career Service Centre programme for young people at the Kwame Nkrumah University of Science and Technology (KNUST) on Thursday, May 14, 2026, Ambassador Skinnnebach warned that instability in the Sahel and neighbouring countries could also pose risks to Ghana’s peace and security.
He, however, reaffirmed the European Union’s commitment to supporting Ghana in preserving its democratic stability and development progress.
The ambassador further stressed that democratic freedoms in Ghana should empower citizens to demand accountability from political leaders and public institutions.
Ambassador Skinnnebach also encouraged Ghana to take advantage of the European Union’s Global Gateway Investment Package for Africa to boost development financing and attract strategic investments.
“Since 2022, the EU has established what we call the Global Gateway Investment Package for Africa, 150 billion euros. This is a huge amount, of course. It’s a merger of traditional development financing, international financial institutions’ financing, and private sector investments,” he said.
He noted that the European Union remains Ghana’s largest investor, export market, and development partner, but stressed that future investment flows would depend on Ghana’s ability to maintain an attractive business environment.
“Today, the biggest investor in Ghana is the EU. And the EU is the biggest export market for Ghana also. We’re also the biggest development partner,” he stated.
According to him, Ghana must continue to strengthen its macroeconomic stability, infrastructure, legal systems, and business climate to remain competitive within the region.
“It has to make sure that it has the required political and macroeconomic stability, that they have the business-friendly climate, that they have the functioning infrastructures, that make the legal frameworks, that makes itself attractive for European investors,” he said.
“If that is in place, then the European investors will come. If it’s in place, but not as good as in neighbouring countries, then the European investors will go to neighbouring countries,” he added.
