Ghana/China Trade hits $ 2.4 billion

By Francis
Ameyibor, GNA

Accra, Aug. 23, GNA
– Trade volume between Ghana and China by the end of May 2016, has hit $2.4
billion, Mr Emmanuel Habuka Bombande, Deputy Minister of Foreign Affairs and
Regional Integration has stated.

He said in 2015 the
trade volume between the two countries reached $6.6 billion.

Although the
general trade by 18 per cent in 2015 due to global price decline, Ghana was
ranked 6th in Africa in terms of trade volume with China.

“It is however,
important to recognise that…Ghana has been pursuing measures within the
framework of the Forum for China-Africa Cooperation (FOCAC) aimed at reversing
the situation,” Mr Bombande stated at the commemoration of the 55th anniversary
of the signing of the treaty of friendship between Ghana and China.

Mr Bombande noted
that the Ghanaian business community is being challenged and encouraged to
expand their production capacity for export to China.

“We acknowledge the
enormous contribution of the People’s Republic of China to Ghana’s
socio-economic development, as exemplified by the presence of many Chinese
companies and institutions operating in various sectors of our economy namely
Education, Health, Energy, Infrastructure development, Transport, and
Commerce,” he said.

The Deputy Foreign
Minister also cited the construction of the Cape Coast and Tamale stadia, the
offices of the Ministries of Defence, Foreign Affairs and Regional Integration,
the Bui Hydropower Station, Atuabo Gas Processing Plant as some of the areas of
contribution from China.

He said the two
countries have in recent times witnessed an appreciable increase in
people-to-people exchanges as well as high-level exchange of visits.

He said more than
4000 Ghanaian students have benefited from Chinese training programmes.

“Indeed, the
inauguration of a second Confucius Institute on the University of Cape Coast
campus to teach the Chinese language, culture and philosophy is laudable as it
would promote inter-cultural relations between China and Ghana.

“We cherish China’s
friendship, cooperation and contribution towards Ghana’s development efforts
over the years,” Mr Bombande stated.

He said the
friendship and cooperation forged between the two countries have since been on
a high pedestal, with the cooperation cutting across political, economic, trade
and investment as well as cultural spheres.

He commended the
founding members of the Ghana-China Friendship Association, through whose
interactions the bond would further deepen.

He urged them to
enhance the promotion of people to people exchanges and investment cooperation.

Madam Sun Baohing,
the Chinese Ambassador, acknowledged the pragmatic cooperation between the two
countries, and said the comprehensive high-level economic and trade cooperation
has become a striking characteristic of the relationship.

She however urged
the two countries to promote the high-level exchanges and keep the overall
relationship on the right track from a strategic and long-term perspective, and
solve the obstacles in our ties through friendly cooperation.

The Chinese Ambassador
also called for experience sharing on governance, domestic and foreign policies
to learn from each other, increase mutual political trust, maintain and carry
forward the traditional friendship.

“We also need to
strengthen our interaction and consultation in international and regional
affairs to uphold justice, and contribute our share to the building of a new
type of international relations underpinned by win-win cooperation and the
construction of the China-Africa community and international community of
shared destinies,” she said.

GNA

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