Ghana now China’s 7th largest trade partner in Africa

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Ghana is the 7th largest trading partner of China in Africa with $6 billion volume of trade between the two countries in 2017, the Economic and Commercial Counsellor at the Chinese Embassy in Accra, Chai Zhijing has said.

Speaking at the official opening of the China Trade Week in Accra on May 7, Mr. Zhijing said trade deals between Ghana and China increased immensely making Ghana move up to the 7th position among African countries.

Although Mr. Zhijing did not provide details, he said economic partnerships between the two countries brought significant gains as Ghana-China trade volume registered over $6 billion last year, 11.69 percent increase over the previous year’s fogure.

when it come of export and import between the two countries, Chai Zhijing said: “China export to Ghana was $4.8bn and import from Ghana was at about $1.8bn increased by 3.37 percent and 41.3 percent respectively”.

He indicated that China’s non-financial direct investment inflows into Ghana hit $123m and the volume of China’s newly signed contracts in Ghana reached $2.9bn making Ghana stand out among African countries with these figures.

Chai Zhijing further advised Ghanaian businesses to take advantage of the China International Import Exposition in November to showcase their competitive products to the Chinese market.

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