Changsha, China – Ghana’s Foreign Affairs Minister, Samuel Okudzeto Ablakwa, yesterday concluded “productive and impactful talks” with Chinese Foreign Minister Wang Yi on the sidelines of the ongoing China-Africa summit in Changsha. A significant outcome of the discussions is China’s offer of a 0% tariff on all exports from Ghana.
This tariff elimination, applicable to 100% of goods from Ghana and other African nations, is anticipated to significantly boost trade, generate employment opportunities, and foster the growth of Ghanaian entrepreneurs. China currently stands as Ghana’s largest trading partner, with trade volumes exceeding US$11 billion last year.
The ministers also delved into new industrial projects aligned with President Mahama’s vision for Ghana. These include plans to establish an integrated aluminum industry, leveraging Ghana’s bauxite reserves and supported by modern rail infrastructure.
Furthermore, a key agreement was reached to work towards establishing an electric car manufacturing plant in Ghana, a venture to be anchored by Ghana’s strategic lithium deposits.
Ghana and China are also set to formalize their mutually beneficial partnership through the imminent signing of a special Economic Partnership Agreement. Minister Ablakwa emphasized that President Mahama’s administration is firmly committed to utilizing diplomacy as a tool for the transformation of Ghana, noting that the progress in Ghana-China relations, 65 years after its foundation was laid by Kwame Nkrumah and Chairman Mao, would be a source of pride for the founding leaders.
Sankofaonline
