The growing economic partnership between Ghana and China took centre stage at a ceremony marking the 74th anniversary of the founding of the People’s Republic of China.
Speaking on behalf of Ghana, Minister for Works and Housing, Mr Francis Asenso-Boakye, praised China’s “unwavering diverse support” for Ghana’s development over the years.
He highlighted Chinese investments in education, health, infrastructure, agriculture and other sectors that have shaped Ghana’s socioeconomic progress.
The Minister lauded China’s role in securing a $3 billion loan facility from the International Monetary Fund (IMF), calling it a “pivotal” contribution during a challenging period for Ghana’s economy. The IMF deal is expected to restore confidence and spur sustainable growth.
Looking ahead, Mr Asenso-Boakye welcomed plans for a new $100 million cocoa processing facility in western Ghana, a joint project between the Ghana Cocoa Board, a Chinese development fund and a Chinese corporation.
He said it would boost Ghana’s cocoa sector by enabling value-added processing of raw cocoa for export.
The Minister reaffirmed Ghana’s commitment to its long-standing “One-China policy” and looked forward to deepening ties at the 2024 Forum on China-Africa Cooperation.
Chinese Ambassador, Lu Kun, also praised the bilateral relationship, saying it would continue to deliver prosperity to both countries while serving as a model of cooperation.
Richard Aniagyei, ISD