Tag: China trade

  • Ghana woos Chinese investors

    Ghana woos Chinese investors

    Alongside the just ended Ghana–China Business Summit 2025, the Office of the Chief of Staff at the Presidency hosted a high-powered delegation of Chinese investors, last week.

    The meeting was aimed boosting Ghana’s international investment drive and appeal to Chinese investors, especially manufacturers, as government is scheduled to unveil the 24-Hour Economy policy this week,

    The summit, organized in collaboration with the Sino-Africa Group, underscores a renewed commitment to economic partnership between the two countries.

    Representing President John Dramani Mahama, Hon Julius Debrah welcomed the delegation at Jubilee House and called on Chinese manufacturers to seize Ghana’s strategic advantages its geographic position, political stability, and ambitious 24-Hour Economy Agenda to make the country a leading hub for African industrialization.

    “This is more than trade; it’s a partnership for shared transformation. Ghana is building a future-ready economy, and China’s industrial leadership can be a cornerstone in that journey,” Debrah told the delegation.

    The Chinese team was led by Mr. Chen Xiaowei, who praised Ghana’s forward-thinking policies and economic climate, calling the country “the China of Africa in the making.” He urged both governments to enhance institutional cooperation to attract and sustain long-term investment confidence.

    The Ghana-China Business Summit 2025 marks a pivotal moment in bilateral relations, positioning Ghana as a gateway to Africa for global investors. The summit attracted a wide range of Chinese business leaders, industrialists, and policy influencers.

    Delivering a keynote at the summit, Minister in Charge of Presidential Special Initiatives, Emmanuel Kwadwo Agyekum, laid out Ghana’s investment roadmap, emphasizing the country’s readiness to support large-scale industrial collaboration.

    “Ghana is not open for charity. Ghana is open for access,” Agyekum declared. “We offer a politically stable, investment-ready climate and access to over 400 million consumers in the ECOWAS region.”

    He also highlighted Ghana’s US$100 billion ‘Big Push’ agenda, which includes investments in manufacturing, logistics, energy, and national infrastructure—all designed to underpin the 24-Hour Economy, launching officially on July 1st.

    According to him, Ghana offers a unique opportunity for Chinese investors, with access to a politically stable, investment-ready environment and a vast market of over 400 million consumers in the ECOWAS region.

    “Ghana is not open for charity. Ghana is open for access,” he declared.

    The minister highlighted several projects under The Big Push initiative, a US$10 billion industrial and infrastructure agenda championed by John Dramani Mahama. These include US$10 million Trade Fair Cantres in Volta and Ashanti, US$3 million in assembly plant opportunities, and $2 billion in national road rehabilitation.

    Emmanuel Agyekum extended an invitation to Chinese partners to build boldly in Ghana, citing China’s success in transforming cities like Shenzhen, Hainan, and Chongqing.

    “You built Shenzhen. You transformed Hainan. You redefined Chongqing. Now, we invite you to build boldly with us in Ghana,” he said.

    He emphasized that Ghana is ready to lead, and China is invited to power the 24-Hour Economy, launching on July 1st.

    “Let us bond beyond protocol. Let us build beyond bureaucracy. Let projects be our shared language. Let results be our signature handshake,” Agyekum urged.

    The Special Initiatives Minister further noted that “Ghana has the land. Ghana has the leadership. Ghana has the leverage. What we need, what we welcome, is YOU. Let us rise together. Let us build boldly. Let us begin in Ghana.”

     

     

     

  • China Trade: Ghana is 4th biggest importer in Africa

    China Trade: Ghana is 4th biggest importer in Africa

    Adnan Adams Mohammed

    As Chinese trade dominance grows in Africa the Economist Intelligence Unit (EIU) has ranked Ghana as the fourth biggest importer from China.

    Ghana’s imports in value was US$2.0 billion in 2021. This was 5% of total imports to Sub-Saharan Africa from China.

    The Unit indicated that there are broad range of drivers that are likely to push more Chinese trade and investment toward Africa in the decade ahead. It said further that, African states and the Chinese government have lofty ambitions to push the level of their bilateral trade much higher and diversify trade further in the years ahead.

    “African states and the Chinese government have lofty ambitions to push the level of their bilateral trade much higher and diversify trade further in the years ahead. China is actively seeking ways to consolidate its position as the largest single country trader with the continent in the medium and long term”, the latest EIU report captured.

    China’s lending to Africa over the past two decades has largely targeted transport, power and mining projects and largely involved policy banks  – including the Export-Import Bank of China and China Development Bank

    Meanwhile, the imports ranged from Fast Moving Consumer Goods, electrical equipment, and construction materials. However, the country did not make it among the top African countries that export to China.

    Nigeria was the biggest importer of China with a share of 16% of Africa’s imports from the Far East country.

    It was followed by South Africa and Egypt in 2nd and 3rd positions respectively.

    The top African exporters to China were however South Africa, Angola, and the Democratic Republic of Congo.