{"id":142218,"date":"2024-01-23T11:13:11","date_gmt":"2024-01-23T11:13:11","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/01\/23\/government-advocates-increased-chinese-business-presence\/"},"modified":"2024-01-23T11:13:11","modified_gmt":"2024-01-23T11:13:11","slug":"government-advocates-increased-chinese-business-presence","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/01\/23\/government-advocates-increased-chinese-business-presence\/","title":{"rendered":"Government advocates increased Chinese Business presence \u2013"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Finance Minister Ken Ofori-Atta has conveyed the government\u2019s deliberate efforts to position the country as a favored hub for\u00a0<strong>Chinese<\/strong>\u00a0businesses across the African continent.<\/p>\n<p>In a pivotal engagement held in Accra, Finance Minister Ken\u00a0<strong>Ofori-Atta<\/strong>\u00a0disclosed the government\u2019s commitment to fostering stronger ties with the Chinese Business Community in Ghana. The occasion was part of the Ghana Mutual Prosperity Partnership, signaling a strategic effort to enhance collaboration between the two entities.<\/p>\n<p>\u201cWe want to use this platform to tease out the problems you face, equip you for the challenges of the future and increase Ghana\u2019s attractiveness as a base for Chinese businesses on the continent,\u201d Mr Ofori-Atta stated.<\/p>\n<p>The Finance Minister underscored Ghana\u2019s economic resurgence, steady exchange rates, and decreasing interest rates as advantageous elements for businesses eyeing exports to China. Additionally, he highlighted the encouraging trajectory of the Bank of Ghana\u2019s Business Confidence Index, signifying a growing confidence in the overall economic conditions of the country.<\/p>\n<p>Ghana Investment Promotion Centre (GIPC) is developing an Investment Code to expand incentives for both domestic and foreign strategic investments, with the aim of promoting a predictable and favourable environment for investment.<\/p>\n<p>China holds a crucial position in Ghana\u2019s trade and investment landscape, with an FDI stock of approximately US$1.1 billion. Ghana stands as the 4th largest buyer of Chinese goods on the African continent, consuming approximately US$7.9 billion of Chinese exports in 2022, underlining the strong trade ties between the two nations.<\/p>\n<p>Reflecting on this enduring relationship, Mr Ofori-Atta expressed gratitude for China\u2019s support during challenging times, notably as the first responder for anti-pandemic supplies during the \u201conce-in-a-generation\u201d pandemic. China\u2019s leadership in supporting Ghana\u2019s bid to restructure bilateral debts also showcased commitment to Ghana\u2019s economic recovery efforts, he said.<\/p>\n<p>Chinese businesses play a vital role in driving infrastructure development in Ghana, particularly in sustainable business growth, energy and aviation sectors. Contracts underscore the importance of responsible business practices.<\/p>\n<p>Ambassador Lu Kun of The People\u2019s Republic of China in Ghana highlighted the significance of the two nations\u2019 60-year diplomatic relations and the role of Ghana in China\u2019s Belt and Road Initiative. Bilateral trade volume reached US$9 billion in the first 10 months of 2023, marking a year-on-year increase of 7.8 percent . Ambassador Lu Kun reiterated China\u2019s commitment to sincere cooperation and shared interests.<\/p>\n<p>Chairman Yang Qun of the China Enterprises Chamber of Commerce in Ghana recognized the pivotal role of Chinese business investments in Ghana\u2019s progress. Addressing challenges and acknowledging existing investments, he emphasized the positive impact of Chinese enterprises on Ghana\u2019s economic landscape, contributing to sustainable development and community engagement.<\/p>\n<p>As Ghana and China enter the Chinese New Year, both nations express optimism for a prosperous year ahead, building on their historical partnership and commitment to mutual growth.<\/p>\n<p>Source;https:\/\/tigpost.co\/<\/p>\n<p><!-- AI CONTENT END 1 --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Finance Minister Ken Ofori-Atta has conveyed the government\u2019s deliberate efforts to position the country as a favored hub for\u00a0Chinese\u00a0businesses across the African continent. In a pivotal engagement held in Accra, Finance Minister Ken\u00a0Ofori-Atta\u00a0disclosed the government\u2019s commitment to fostering stronger ties with the Chinese Business Community in Ghana. The occasion was part of the Ghana Mutual [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":142219,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-142218","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Government advocates increased Chinese Business presence \u2013 - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/01\/23\/government-advocates-increased-chinese-business-presence\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Government advocates increased Chinese Business presence \u2013 - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Finance Minister Ken Ofori-Atta has conveyed the government\u2019s deliberate efforts to position the country as a favored hub for\u00a0Chinese\u00a0businesses across the African continent. 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