Minister of Trade and industry Ghana, Dr. Ekwow Spio encouraged China to make an investment in Ghana especially in priority areas like Light Manufacturing and agro processing sectors, so that the economy of Ghana will boost.
The Minister said that China is a country with huge resources and brilliant technology and it can invest its resources in Ghana so that it can take the advantage of the abundant raw material that we have in our country.
Dr. Spio Garbrah said these words to the Chinese ambassador when he called him in courtesy.
During that call they discussed about cooperation guidelines, issued by the mutual understanding of Ghana’s National Development committee and China’s Ministry of Commerce.
The guidelines involve the settlement of how china will do business in the Ghana, like moving its manufacturing machinery to abroad, and working with the local partners.
These Guidelines also identified the main 12 sectors, in which co-operation of China is needed. These sectors are iron and steel, building materials, electricity, chemical, railways, textile, communication, construction machinery, aviation, automobile, ship and ocean engineering, non-ferrous metal.
The ambassador stated to Dr Spio, China is the highest developed country and it is the obligation and commitment of the China to provide its services to other developing countries and make their economical situation better, as China has the best technology it must invest in the areas of infrastructure and technology.
Chinese ambassador invited the Minister to come in china and attend the world investment forum which is going to be held in September in Fujian Province China.
After this invitation Minister of Ghana purposed to organize a forum in Ghana just like china organized, and invite almost 5000 people on it so that those attendants focus their kind attentions to the development of Ghana.
Minister of Trade Statistics stated that the China is the second largest country trading with Ghana while Ghana is at the seventh number trading partner among African countries.
In 2013 Ghana exports to China were about $420 million worth while imports from China was about $2,096 billion.
The major exports were of raw materials, petroleum products, wood products and unprocessed cocoa.
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