Mahama secures £215m UK-Ghana growth partnership to drive jobs, investment
President John Dramani Mahama has secured a major economic cooperation agreement with the United Kingdom following the signing of a £215 million UK-Ghana Growth Partnership aimed at boosting investment, industrialisation, skills development, healthcare, environmental sustainability and job creation across Ghana.
The landmark agreement was signed during the Ghana-UK Investment Summit held in London on Monday, June 1, 2026, as part of President Mahama’s ongoing working visit to the United Kingdom to deepen bilateral relations and attract foreign investment into the economy.
The agreement was witnessed by President Mahama and the United Kingdom’s Deputy Prime Minister and Foreign Secretary, David Lammy. It was formally signed by the High Commissioner to the United Kingdom and Ireland, Sabah Zita Benson, and the British High Commissioner to Ghana, Christian Rogg.
The Growth Partnership establishes a roadmap for cooperation between Ghana and the United Kingdom from 2026 to 2028 and is expected to support Ghana’s economic transformation agenda through targeted investments and strategic development initiatives.
According to details of the agreement, the partnership will focus on four key areas: attracting private sector investment, facilitating trade opportunities for Ghanaian businesses, supporting industrial growth and expanding access to world-class education and skills development.
A major highlight of the agreement is the £101 million UK-backed Takoradi Floating Dock Project, which will establish the first commercial-scale ship repair and dry-docking facility in the Gulf of Guinea.
The project is expected to create approximately 430 direct jobs, with at least 30 percent of the employment opportunities reserved for women.
The facility is projected to position Ghana as a leading maritime hub within the West African sub-region while reducing the need for vessels operating in the Gulf of Guinea to seek repair services outside the region.
President Mahama described the Takoradi Floating Dock Project as a significant milestone in the industrial development efforts.
He particularly welcomed the project’s financing model, noting that it would pioneer the use of local pension funds to support major infrastructure investments.
According to the President, the initiative demonstrates how Ghana can mobilise domestic resources to support sustainable development while reducing dependence on external financing.
Beyond maritime infrastructure, the partnership also includes significant investments aimed at environmental restoration and climate resilience.
Under the agreement, approximately £85 million will be directed toward climate-aligned infrastructure and reforestation initiatives. An additional £9 million has been earmarked specifically for forest restoration projects in the Oti Region.
The environmental interventions are expected to create employment opportunities in affected communities while contributing to the broader efforts to combat climate change, restore degraded landscapes and protect biodiversity.
The partnership also places strong emphasis on technology, innovation and youth development.
A £6 million programme has been allocated to support the implementation of the Artificial Intelligence Strategy and strengthen scientific and technological collaboration between Ghanaian and British universities.
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