The Ghana Investment Promotion Center (GIPC) has signed a pivotal Memorandum of Understanding with the China Africa Economic and Trade Promotion Council (CAETP), marking the launch of the China-Ghana Economic Cooperation Project programme.
This institutional partnership is expected to contribute to simplifying investment paths, strengthening ties between Chinese companies and their Ghanaian counterparts, and accelerating the implementation of bankable projects that are consistent with national growth goals.
The agreement was signed during the China-Ghanaia Economic and Trade Conference, coinciding with the opening of the new Chinese Liaison Office of GIPC, in a bold move that reflects a proactive approach in attracting investments.
This initiative was led by the 24-Hour Economy Secretariat (24H+), under the supervision of Presidential Advisor Augustus Tanoh, and with the participation of key institutions including the National Development Planning Commission, the Ministries of Finance, Fisheries and Tourism, in addition to the Ghana Export Promotion Authority (GEPA).
Building on President John Dramani Mahama's visit to China last year, the mission combined deal-making with a study tour, where the Volta Economic Corridor (VEC) projects were presented in meticulous detail to investors who showed keen interest.
The delegation also looked closely at the Chinese experience, and studied how to integrate the public sector, foreign capital, and local small and medium enterprises, in addition to confronting environmental challenges through innovations such as low-cost irrigation systems, agricultural technologies based on artificial intelligence, and off-grid renewable energy.
GIPC Executive Director, Simon Madji, gave a comprehensive overview of the advantages of investing in Ghana, clear policies, incentives and business environment improvements, especially in the areas of infrastructure and exports. Ambrose Nsarko from GEPA also highlighted trade gateways and competitive advantages of the markets.
This agreement represents a major boost to Ghana's industrial transformation programme, with a focus on private sector-led investments, value chains and green job creation.
By adapting Chinese strategies, Ghana seeks to achieve a sustainable transformation that consolidates its position as an attractive center for investment in Africa.
Ghana signs an agreement with China to boost its economy
