The Chinese language Embassy in Ghana, in partnership with the 24-Hour Economic system and Accelerated Export Improvement Secretariat, hosted a high-level China–Ghana Enterprise Engagement in Accra.
The session introduced collectively senior officers from Ghanaian establishments and main Chinese language personal sector gamers to discover strategic partnerships aligned with the 24H+ Programme the federal government’s flagship agenda to industrialise the economic system, increase exports, and create first rate jobs at scale.
The engagement targeted on how the 24-Hour Economic system is being carried out and the position of the personal sector, and Chinese language buyers particularly, in delivering outcomes.
The Secretariat introduced a pipeline of tasks spanning agriculture, logistics, manufacturing, well being, and the artistic economic system. These tasks are advancing via feasibility and early-stage growth. Traders had been invited to work with Ghana to maneuver these tasks into execution and ship actual outcomes on the bottom.
In his keynote handle, Goosie Tanoh, Presidential Adviser on the 24-Hour Economic system and Accelerated Export Improvement, emphasised that the main focus of the engagement was not coverage declarations, however supply.
“We’re constructing a portfolio of coordinated tasks that can carry the Programme to life and ship actual worth for Ghana,” he stated. “We’ve got accomplished idea notes for our first 20priority tasks and at the moment are commencing feasibility research that can make each bankable and investment-ready.”
Mr. Tanoh additionally reaffirmed the depth of Ghana–China relations, noting that “the China-Ghana relationship is longstanding and multifaceted, relationship again to our wrestle for independence and the collaboration between Chairman Mao, Premier Zhou, and our late President Nkrumah.”
Mr. Tanoh acknowledged the bureaucratic and systemic challenges overseas buyers usually face and confirmed that the Secretariat, working with the Ministry of Finance and different companies, is finalising a simplified and clear incentive and exemptions regime, embedded in a forthcoming consolidated incentives regime.
Chinese language Ambassador to Ghana, Tong Defa, underscored the alignment between the 24H+ imaginative and prescient and China’s growth cooperation technique in Africa.
“China stays Ghana’s largest buying and selling accomplice and a significant supply of overseas funding. In 2024, bilateral commerce reached an unprecedented excessive of 11.8 billion US {Dollars}, marking a year-on-year progress of seven.1%. Bilateral commerce from January to Could 2025 reached 5.28 billion US {Dollars}, a rise of 8.9% year-on-year. In 2024, China’s direct funding in Ghana amounted to 62.15 million US {Dollars}, spanning a number of sectors and wide-ranging fields, creating substantial employment alternatives regionally and aiding Ghana in advancing its industrialization”.
He reaffirmed China’s readiness to help the sub-programmes of 24H+, notably in agriculture, logistics, power, and agro-industrial infrastructure.
Additionally talking on the occasion, Alexander Kofi-Mensah Mould, Chief Government Officer of the Millennium Improvement Authority (MiDA), assured Chinese language buyers of MiDA’s position in guaranteeing the clear and environment friendly execution of government-led tasks.
“MiDA will oversee the end-to-end scoping and procurement of tasks, guaranteeing we accomplice with the precise service suppliers to ship on time and inside funds,” Mr. Mould stated.
He highlighted investment-ready alternatives in agro-ecological parks, feeder roads, and Volta Lake transport techniques, including that the federal government was ready to finance viability gaps the place wanted to make sure bankability.
The occasion additionally featured key Ghanaian establishments chargeable for funding, finance, and infrastructure supply. These included the Ghana Funding Promotion Centre (led by the CEO, Simon Madjie), the Ghana Infrastructure Funding Fund (led by Deputy CEO Bennett Akantoa on behalf of the CEO, Nana Dwemoh Benneh), the Ghana EXIM Financial institution (led by CEO Sylvester Mensah), and the Improvement Financial institution Ghana (led by CEO Dr. Randolph Nsor-Ambala). It additionally featured banker and lawyer David Addo-Ashong, Senior Accomplice at Ashong Benjamin & Associates.
The Chinese language personal sector was strongly represented, with over 50 enterprise leaders in attendance from main companies and trade associations working throughout Ghana.
Contributors on each side expressed satisfaction with the structured, data-driven method of the Programme and the readability of Ghana’s funding roadmap.
The assembly reaffirmed China’s position as a strategic accomplice in Ghana’s long-term transformation and confirmed investor urge for food to take part within the supply of precedence tasks beneath the 24-Hour Economic system.
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DISCLAIMER: The Views, Feedback, Opinions, Contributions and Statements made by Readers and Contributors on this platform don’t essentially characterize the views or coverage of Multimedia Group Restricted.
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