Ghana’s President John Mahama has announced that China has confirmed an additional grant of 200 million renminbi (RMB) to Ghana, bringing the total Chinese grant commitment to 400 million RMB for key infrastructure developments.
The announcement came following bilateral talks between President Mahama and Chinese President Xi Jinping, where the two leaders discussed strengthening economic ties and expanding cooperation across multiple sectors.
The combined 400 million RMB grant will fund the construction of a proposed market in Aflao and the renovation of the National Theatre in Accra. The Aflao market is envisaged as a crucial trading platform linking Ghana and Togo, forming a key component of the government’s ResettingGhana agenda.
President Mahama revealed that Ghana is working towards finalising a zero-tariff policy with China by the end of October, a move that could significantly boost bilateral trade between the two nations.
“China, during my bilateral talks with President Xi Jinping confirmed an additional grant of 200 million RMB to Ghana, in addition to an earlier grant of 200 million RMB for the construction of the proposed Aflao Market and renovation of the National Theatre in Accra,” president Mahama said.
“The Aflao market will be an important trading platform linking Ghana and Togo, and key to our #ResettingGhana Agenda.
“Ghana is looking forward to finalising the Zero Tariff Policy with China by the end of October.
“We also discussed implementing measures to ensure responsible and licensed small scale mining in Ghana, even as our business communities explore the many opportunities for trade and investment.”
The talks also covered implementing measures to ensure responsible and licensed small-scale mining in Ghana, whilst business communities from both countries explore opportunities for trade and investment.
According to president Mahama, China has expressed particular interest in Ghana’s 24-hour economy initiative and green transition policy, with Chinese authorities positioning themselves to partner with the government and Ghana’s business sector on these ambitious programmes.
‘China is excited about Ghana’s 24 hour economy initiative and Green Transition policy and is positioning itself to partner with government and our business sector,” he said.
President Mahama reassured President Xi of Ghana’s continued commitment to the One China Policy and pledged Ghana’s support for China’s efforts towards establishing a new global system of governance.
“I reassured President Xi of Ghana’s commitment to the One China Policy and to continue our collaboration towards a new Global System of Governance being spearheaded by him,” he added.
The deepening Ghana-China relationship underscores Beijing’s growing influence in West Africa and Ghana’s strategy to diversify its international partnerships for economic development.
President John Dramani Mahama and First Lady, Mrs Lordina Dramani Mahama, arrived in Beijing, China, to participate in a Global Leaders’ Meeting on Women.
Hosted by President Xi Jinping and UN Women, the 13 and 14 October meeting brought together other world leaders to “renew the spirit of the Beijing Declaration and accelerate its implementation.”
