Chinese Ambassador to Ghana, Madam Sun Baohung
2015, China-Ghana trade registered US$6.6 billion, ranking sixth in Africa, whilst China’s non-financial direct investment in Ghana reached US$174 million, ranking fourth in Africa and raising China’s investment in Ghana to US$1.3 billion, ranking 14th in Africa.
The Chinese Ambassador to Ghana, Madam Sun Baohung, said this at the Ghana China Investment Forum. The forum which seeks to throw light on investment and business opportunities within Ghana to prospective Chinese businessmen and investors.
She said since the beginning of this year, “our economic and trade co-operation has maintained a sound momentum of development.”
Also, China-Ghana trade reached US$1.8 billion, with Ghana’s exports scaling up to around US$400 million, reflecting an increase of 10.62 per cent.
She said one could tell through the figures the favourable trade relations the two countries enjoyed.
She said a view at the global economic situation helped one to appreciate better the progressive trade relations between Ghana and China.
“Currently, the recovery of the world economy is sluggish, commodities and financial markets have experienced volatility from time to time,” she said.
The Chinese Ambassador said: “Growth prospects of developed and emerging economies are diverging and geopolitical risks and destabilising factors are both on the rise.”
She said against the back drop of the gloomy world economy, the developing countries, whilst suffering economic slow-down, were also grappling with problems such as surging debts and currency devaluation.
e observed that whilst developing countries are presently facing problems of developing their economies, “we ought to deepen co-operation, look to one another for comfort and collaborate to realise common development and ensure balanced global economic growth.”
She urged Ghana and China to strengthen the exchange of ideas towards mutual growth.
She quoted Xi Jinping, President of China, as saying: “There will always be more opportunities than challenges and more solutions than difficulties.”
The Chinese Ambassador said as China and Ghana progressed in their co-operation, problems were bound to arise from time to time.
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