Business-Blog

Economic and Commercial Counsellor of the Chinese Embassy in Ghana Pays a Courtesy Call on Ghana’s Trade Minister

The Economic and commercial counsellor of the Chinese Embassy in Ghana, Mr. Li Yaohong and his team paid a courtesy call on the Minister for Trade, Agribusiness and Industry, Hon. Elizabeth Ofosu- Adjare at the Ministry in Accra.
The counsellor took the opportunity to congratulate the hon. minister for her appointment to the ministry and expressed China’s preparedness to continue to strengthen economic ties between the two countries.
During the meeting, the Minister and the Counsellor discussed issues which underscored the shared commitment of both countries in relation to bilateral trade, investment cooperation, financing cooperation, development assistance cooperation and human resources capacity building.
Mr. Li Yaohong revealed an extensive roadmap to bolster its cooperation with Africa over the next three years through the Forum on China-Africa Cooperation (FOCAC) and outlines ten (10) modernization initiative partnership progframmes aimed at driving Africa’s development and deepening the China-Africa relationship.

He said the 10 partnership action plans also focused on industrial cooperation, enhancing digital technology and implementing connectivity projects like infrastructure development to support the Africa Continental Free Trade Area, adding that the action plans will be achieved through cooperation in governance, experience-sharing platforms, knowledge networks and leadership training programmes.

The Minister expressed her gratitude for the Counsellor’s visit and reaffirmed Ghana’s commitment to strengthening its collaboration with international partners. She emphasized the importance of the bilateral ties between the two nations which extend beyond trading in goods and services.

She added that China has emerged as one of Ghana's largest trading partners and a prominent source of foreign direct investment (FDI) and the largest import country for Ghana.
  In appreciating the biliteral corporation between Ghana and China, the Minister calls on the Chinese government to also consider investment in commercial farming in Ghana and also support the Government’s apprentiship program which forms part Ghana’s Industrialization agenda in creating jobs and employment for the youth.
She spoke about trade facilitation concerns in areas such as bureaucratic and regulatory challenges from the Chinese Customs Division and asked the Chinese government to consider Mutual Recognition Agreement between Ghana and China to enable Ghanaian MSMEs penetrate the Chinese market seamlessly.

   “We look forward to more investments into Ghana’s manufacturing sector for the realization of its full potential as a regional hub,” She concluded.                                      END