China’s trade volume with Ghana for the first half of this year reached nearly $6 billion. This represents an increase of 13.3 per cent as compared with the same period last year.
In 2023, bilateral trade volume between China and Ghana exceeded $11 billion, increasing 10.4 per cent year on year (YoY).
The Chinese ambassador to Ghana, Tong Defa, disclosed this at the 75th Anniversary of the founding of the People’s Republic of China.
The event that saw Chinese culture in the form of cuisine and documentary, was graced by President Nana Addo Dankwa Akufo Addo; some ministers of state, members of the diplomatic corps and the Chinese community in Ghana.
Mr Defa, who proposed a toast to a good relationship with Ghana, said China remained Ghana’s largest trading partner and main source of investment.
For Africa, he said, China’s trade volume with Africa increased from $10.5 billion in 2000 to $282.1 billion in 2023, nearly 26-fold increase.
Additionally, he said, China’s stock of investment in Africa had grown from less than $500 million in 2000 to over $40 billion presently, pointing out that developing solidarity and cooperation with African countries was always an important cornerstone of that country’s foreign policy.
Projects
On China-aided projects in Ghana, Mr Defa said that was progressing steadily and mentioned the phase two project of the University of Health and Allied Sciences (UHAS), which had been inaugurated; the James Town Fishing Port Complex Project, which had been handed over and the China-aided annex building of the Ministry of