Minister of Foreign Affairs, Hon. Samuel Okudzeto Ablakwa, has announced a landmark 0% tariff on 100% of goods exported from Ghana to China. The agreement, aimed at strengthening bilateral trade, was reached on the sidelines of the China-Africa Summit in Changsha, Beijing.
China has agreed to implement a 0% tariff on all goods imported from Africa as part of its deepening cooperation with the continent.
Ablakwa lauded the development, emphasizing that China remains Ghana’s top trading partner, with trade volumes reaching $11 billion in 2024.
According to him, the bilateral agreement will enhance trade, create jobs, and foster the growth of Ghanaian entrepreneurship.
He also revealed that Ghana and China are working on a strategic agreement to establish an electric car manufacturing plant in Ghana.
This move is linked to Ghana’s recent discovery of significant lithium deposits, a critical resource in the global electric vehicle industry.
In addition, discussions were held on major industrial projects, including a modern rail infrastructure system that will support the exploitation of Ghana’s bauxite resources for an integrated aluminium industry.
“We also discussed new industrial projects in line with President Mahama’s vision, including exploiting our bauxite for an integrated aluminium industry powered by modern rail infrastructure,” Ablakwa stated.
“Our bilateral engagement on the sidelines of the ongoing China-Africa Summit in Changsha, China, also explored the establishment of an electric car manufacturing plant in Ghana, anchored on the country’s strategic lithium deposits,” he added
These dividends, Ablakwa noted, stemmed from fruitful discussions with China’s Foreign Minister, His Excellency Wang Yi.
He stated that Ghana and China would soon sign a Special Economic Partnership Agreement to formalize and deepen their mutually beneficial relationship.
The Foreign Minister also affirmed that President Mahama’s administration remained committed to leveraging diplomacy as a key tool for national transformation.
He concluded by saying that Kwame Nkrumah and Chairman Mao would have been proud of the achievements Ghana and China had made in their bilateral relations, 65 years after laying the foundation