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China-Ghana Business Relations Chinese companies to relocate to Ghana in 2016

In 2015 alone, a total of 6.6 billion dollars worth of transaction was done between the two counties.

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Chinese Ambassador to Ghana, Sun Baohong play

Chinese Ambassador to Ghana, Sun Baohong

China-Ghana trade transactions are expected to increase as the Chinese Embassy reveals that more and more Chinese businesses have decided to relocate to Ghana.

In 2015 alone, a total of 6.6 billion dollars worth of transaction was done between the two counties.

Ghana’s Trade Minister, Dr. Ekow Spio-Garbrah earlier revealed that the Chinese government has notified Ghana about a possible influx of Chinese industrialists heading to Ghana in 2016.

According to the Chinese Ambassador to Ghana, Sun Baohong more Ghanaian businesses are being enticed by Ghana’s strategic position in the West African Sub-region and the convenience it provides in terms of access to the entire West African Sub-regional market.

READ MORE: The China Africa Project If China isn't colonizing Africa, then why is it building a military base there?

The Chinese Ambassador also mentioned that these investors have expressed interest in non-traditional areas of Ghana’s economy, as well as areas deemed to be very cost-intensive to enter, such as energy provision and agro-processing.

She stated that Chinese investors have indicated the will to venture into growing areas such as energy, cement production and agro-processing.

 “We need to further promote high level exchanges and keep the overall China-Ghana relationship on the right track from strategic and long-term perspective, and solve the obstacles in our ties through friendly cooperation,” She said.

She emphasized that Ghana and China together present a unique opportunity for collaboration that will inure to the benefits of the two countries.

“Chinese enterprises are very interested in investing in Ghana because it has a lot of advantages. I think the biggest dividend is the peaceful nature of the country and stability. There are also abundant resources and the labour force is educated,” she said in an interview with CITI Fm.

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