Ghana and China’s Hunan Province have committed to strengthening economic cooperation in Agriculture and Agribusiness, Smart Industrialisation and Sustainable Mineral Processing, following high-level talks at the 4th China-Africa Economic & Trade Expo (CAETE).
Mr Cao Zhiqiang, Vice Governor of Hunan, hosted Ghana’s Minister of Trade, Agribusiness and Industry, Mrs Elizabeth Ofosu-Adjare on bilateral discussions which centered on building stronger bilateral trade, investment, technical exchanges between Ghana and Hunan Province.
In her remarks in Accra yesterday , Mrs Ofosu-Adjare commended the Vice Governor and the Hunan Province for their level of industrialisation driven by innovation and underscored the need for partnership.
She indicated that the achievements of the Province was a clear indication that, “walking shoulder to shoulder, Ghana could leverage on this strategic relationship to leapfrogged in its industrialisation agenda.”
In addition, the Minister noted that Ghana’s stable business environment, rule of law, competitive returns on investment, youthful and growing middle-class as some of the key considerations not to be ignored by potential investors from the Province.
She also underscored Ghana’s strategic location as a gateway to serve the region, as well as global markets.
The Minister invited more Hunan multinational companies to explore business opportunities in the manufacturing, garments and textiles, pharmaceutical, components manufacturing sector and take advantage of the 24-hour economy policy.
The bilateral trade between Ghana and Hunan Province was estimated at $2.5billion as at the end of 2024 with, at least eight top multinational companies, from Hunan operating in Ghana and these include Zonda, Sany, Hunan Construction and Zoomlion.
Mrs Ofosu-Adjare extended an invitation to the Vice Governor to lead a high-level delegation to explore more business opportunities in Ghana in the course of the year.
Credit: GHANAIANTIMES