Pulse.com.gh logo
Go


Global Trading Ghana becomes China's biggest trading partner in W/A; trade volumes hit $1.8bn in Q1

She added that export volume shot up to $400 million, representing 10.62 percentage increase compare to past years.

  • Published:
 Sun Boahong play

 Sun Boahong

Trade volume between Ghana and China hit $1.8 billion in the first quarter of 2016, ranking Ghana Beijing's largest trading partner in West Africa and 5th on the continent, the Chinese Ambassador to Ghana, Sun Boahong has said.

In 2015, trade figures with China rose to 6.6 billion, an 18 percent year-on-year growth.

“China’s non-financial direct investment inflows into Ghana hit 44.43 million US dollars, ranking 5th in that of Africa and number one in that of West and Central Africa.”

READ MORE: Chinese companies to relocate to Ghana in 2016

She added that export volume shot up to $400 million, representing 10.62 percentage increase compare to past years.

Boahong hailed the development as growing sign of cooperation between Accra and Beijing.

Boahong also warned of geopolitical risks and destabilising factors in emerging markets.

"Growth prospects [for] developed and emerging economies are diverging, and geopolitical risks and destabilising factors are both on the rise.”

READ MORE:G20 prepared to deal with Brexit economic fallout

She further assured to the Chinese government's commitment to development, innovation, coordinations and structural reforms.

“The Chinese government puts development as its top priority for development which are innovation, coordination, green growth, opening up and sharing, and structural reforms,” she said.

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos




Top Articles

1 Illegal Operations Menzgold extends suspension of gold vault market servicesbullet
2 Investment banks in Ghana Top 5 investment banks in Ghana and why you...bullet
3 Illegal Operations Menzgold customer threatens to sue over principal...bullet
4 Ponzi schemes in Ghana These investments are Ponzi schemes in...bullet
5 Kotoka International Airport GACL to move all domestic airlines...bullet
6 How to create a verified PayPal account Learn how to create a...bullet
7 Corruption? Oil companies deny ¢40.5m payments in Chief of...bullet
8 Fuel Prices IES predicts fuel prices to go upbullet
9 Retrenchment ATL sacks 200 workers, rest of staff not...bullet
10 Economy of Ghana Vice President Bawumia says Ghana's...bullet

Top Videos

1 Forbes 2018 Africa's billionaires rich listbullet
2 Money Alert Meet Africa's richest womanbullet
3 Former Capital Bank staff grills pork for survivalbullet
4 New Discovery Ghana discovers new mineral, lithium in commercial...bullet
5 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
6 Tech 6 reasons you should buy an iPhone SE instead of any of...bullet
7 Bozoma Saint John 10 quotes from Uber top official, Bozoma,...bullet
8 Support Finance minister buys Kantanka carbullet
9 Selorm Adadevoh MTN CEO dances Agbadzabullet
10 New Phones Nokia MWC 2018 Event in 5 minutesbullet

Business

X
Advertisement