Despite the impact of the COVID-19 pandemic on the global economy, bilateral trade between Ghana and China continues to grow.
H.E. Lu Kun, the Chinese Ambassador to Ghana, revealed that the value of trade between Ghana and China in the first half of 2021 alone was over 4 billion dollars.
This according to the ambassador is an increase by almost a quarter as compared to last year.
The economic and trade exchange between China and Ghana has been flourishing. China is Ghana’s biggest trading partner and foreign investment source. In 2020, the bilateral trade increased, instead of reduced, despite the pandemic. In the first half of 2021, the bilateral trade volume amounted to $4.382 billion, a year-on-year increase of 23.8%.”
He added that “The China-invested airline company, power plant, steel company, ceramic company, cement factory, tomato juice factory and paper diaper factory make significant contributions to creating jobs and promoting developments in Ghana. Six lots of the Sinohydro projects are forging ahead remarkably. China-aided projects including Phase II of University of Health and Allied Sciences in Ho, Jamestown Fishing Port Complex, the Annex Building of the Ministry of Foreign Affairs and Regional Integration are making steady progress.”
The ambassador further stressed his country’s commitment to growing its bilateral relationship with Ghana.
He spoke during a symposium organised by the Institute of Economic Affairs, on “Forum on China-Africa Cooperation as a vehicle for infrastructure development in Africa.”
The symposium was organised to highlight China’s contributions to Africa infrastructure development and to explore how to reshape the current China-Africa relationship in a way that benefits both parties.