The Minister for Foreign Affairs and Member of Parliament for North Tongu, Samuel Okudzeto Ablakwa, has announced a major trade breakthrough between Ghana and China.
According to him, China has agreed to impose no tariffs on all exports from Ghana as part of efforts to strengthen bilateral trade ties.
In a social media post on Thursday, June 12, following a meeting with China’s Foreign Minister, Wang Yi, Mr. Ablakwa disclosed that trade volumes between the two countries hit US$11 billion in 2024.
“China has offered 0% tariff on all exports from Ghana. China is Ghana’s number one trading partner with last year’s trade volume exceeding US$11 billion,” he stated.
He added that the 0% tariff, which applies to all goods from Ghana and other African countries, is expected to boost trade, create jobs, and promote entrepreneurship among Ghanaians.
The meeting also discussed new industrial projects aligned with President John Dramani Mahama’s vision, including the development of an integrated aluminium industry using Ghana’s bauxite and powered by modern rail infrastructure.
The bilateral talks took place on the sidelines of the ongoing China-Africa summit in Changsha, China.
Mr. Ablakwa further revealed that both countries are working towards setting up an electric vehicle manufacturing plant in Ghana, leveraging the country’s lithium resources.
“Ghana and China will soon sign a special Economic Partnership Agreement to concretise our mutually beneficial partnership,” he added.
Credit: Modernghana.com
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