International NewsLocal NewsNews

Ghana-China trade has reached $9.57 billion USD.

2022Source: GNA

President Akufo-Addo and President Xi

Built on a mutual trust for development, bilateral trade volume between Ghana and china peaked at US$9.57 billion in 2021 from US$6.67 billion in 2017,the Chinese Ambassador to Ghana, Lu Kun had disclosed.

Representing a 12 percent year-on-year increase ,China’s direct investment also increased by US$15 million making Ghana,China’s largest trading partner in Africa.

The Chinese Ambassador disclosed this at the durbar to commission a 22km Cape Coast inner city road infrastructure funded by the Chinese government through Sinohydro agreement.

Related Posts:

He attributed the steady rise in trade and investments to the strong demand for Chinese products by Ghanaians as well as measures put in place by both countries to leverage the long standing relations.

The Vice-president Dr.Mahamadu Bawumia, together with Mr Kwasia Amoako Atta,Roads and Highways Minister joined the chiefs of the area to commission the road project aimed at expanding excess to ease traffic and accelerate development.

Elated by the increasing trade volumes between China and Ghana, the Ambassador said,”These are not just numbers,but a symbol of China-Ghana friendship we value and cherish”

“The China-Ghana ties have been kept on a sound momentum of high-level bilateral exchanges and ever-increasing trust built on mutual strong conviction for development.

“The decades of solid relations remain a springboard for a win-win China-Ghana cooperation ,and broad consensus building on issues of mutual concern,”he stated

Also Read:

The Chinese Ambassador indicated that China and Ghana have always supported each other on issues concerning their core and major interests, keeping close cooperation in the international and regional area and thus safe-guarding the relationship.Through that Mr Kun said the Chinese government has financed,partnered and executed several critical nation projects relating to economic growth and the livelihood of people of Ghana.

Key among them are the National Theatre,Office complexes of the Foreign Ministry and Defense Ministry,The University of the Health and Allied Sciences in Ho and Cape Coast Sports Stadium.

Others are Atuabo Gas Processing Project,Bui Dam and Kpong Water Supply Expansion Project ,Asogli Power Plant,and Africa World Airline(AWA) which have played a key role in resolving the power shortage and promoting the interconnection of the sub region.

Lately,the Chinese equipment and technologies have accelerated the pace of integration with local enterprises and capital, bringing into being several local star enterprises and adding fuel to the enthusiasm for Ghana’s cooperation with China.

On people-to-people exchanges,he said cultural exchanges were close and ever increasing on mutual understanding,as wood sculpture , music and dance,among other forms of tourists,enjoyed high popularity among Chinese tourists

Mrs Justina Marigold Assan said the completion of roads was a key to the region’s investment drive to become the preferred investment destination in the country.

She said the Region renamed the most preferred destination in Ghana’s quest to continuously attract investment from Diaspora.

Show More

Related Articles

Back to top button