Ghana Seeks Strategic Chinese Investments Under Belt and Road Initiative
Ghana's Minister of Trade, Agribusiness, and Industry, Elizabeth Ofosu-Adjare, emphasized the need for more strategic Chinese investments during the 4th China-Africa Economic and Trade Expo in Changsha, Hunan Province. The event brought together over 500 high-level participants to deepen engagement between African and Chinese business communities, focusing on green energy and financial innovation. Ghana's unique value proposition, anchored on a peaceful business environment and adherence to the rule of law, was highlighted as a key attraction for Chinese investors. The Minister encouraged potential Chinese investors to take advantage of Ghana's 24-hour economy policy and leverage the African Continental Free Trade Area (AfCFTA) to access a market of 1.3 billion people with a combined GDP of $3.4 trillion.
Key Takeaways:
- Ghana's Minister of Trade, Agribusiness, and Industry, Elizabeth Ofosu-Adjare, called for more strategic Chinese investments under the Belt and Road Initiative, highlighting Ghana's unique value proposition and business-friendly environment.
- Over 500 high-level participants, including government officials, CEOs, and international organizations, attended the 4th China-Africa Economic and Trade Expo in Changsha, Hunan Province, to deepen engagement between African and Chinese business communities.
- Ghana attracted significant Chinese private sector players, including Zonda Sinotruk, Sunda, Keda, Sentuo, Sunon Asogli, and Huawei, which have become household names.
- The Minister emphasized that Africa is expected to be the second-fastest-growing economy in the world this year, with 40 countries, including Ghana, projected to achieve higher growth rates compared to 2023.
- Ghana's true potential lies not only in its natural resources but in its capacity to process, refine, and innovate, turning raw commodities into high-value products that generate jobs and drive sustainable economic growth.
- The Minister encouraged Chinese investors to leverage the African Continental Free Trade Area (AfCFTA) to access a market of 1.3 billion people with a combined GDP of $3.4 trillion.
- The 4th China-Africa Economic and Trade Expo concluded 128 cooperation projects with a total value exceeding $7 billion through signed agreements and matchmaking sessions, spanning sectors including manufacturing, energy, transportation, logistics, healthcare, and information services.
Statistics:
- 500+ high-level participants attended the 4th China-Africa Economic and Trade Expo in Changsha, Hunan Province.
- 40 African countries, including Ghana, are projected to achieve higher growth rates compared to 2023.
- Ghana attracted $7 billion in investment through 128 cooperation projects signed and matched at the expo.
- The African Continental Free Trade Area (AfCFTA) offers access to a market of 1.3 billion people with a combined GDP of $3.4 trillion.
- 128 cooperation projects were concluded at the 4th China-Africa Economic and Trade Expo, spanning sectors including manufacturing, energy, transportation, logistics, healthcare, and information services.
Sources:
- Ghana Web (June 18, 2025)
- China-Africa Economic and Trade Expo (June 12-15, 2025)
- Belt and Road Initiative