Minister of Foreign Affairs, Samuel Okudzeto Ablakwa, has announced a major breakthrough in trade relations with China.
In a post following high-level talks with China’s Foreign Minister, H.E. Wang Yi, on the sidelines of the China-Africa Summit in Changsha, Mr Ablakwa revealed that China has granted Ghana 0% tariff on all exports, a move expected to deepen bilateral trade ties.
“This 0% tariff on 100% of goods from Ghana and other African countries will bolster trade, create jobs and produce more Ghanaian entrepreneurs,” he stated. China is currently Ghana’s leading trade partner, with trade volumes surpassing US$11 billion in 2024.
The meeting also focused on industrial transformation, aligning with President Mahama’s agenda. According to Mr Ablakwa, discussions included new industrial projects, particularly exploiting Ghana’s bauxite reserves for an integrated aluminium industry backed by modern rail infrastructure.
Significantly, the two nations agreed to pursue the establishment of an electric car manufacturing plant in Ghana, leveraging the country’s lithium deposits. “President Mahama’s administration is firmly committed to leveraging diplomacy for the transformation of our dear country.
Kwame Nkrumah and Chairman Mao will be proud of what Ghana-China relations has achieved 65 years after they laid the foundation,” he added.
A special Economic Partnership Agreement is expected to be signed soon to formalise these commitments.
