Sign In or Register | Tuesday, October 27, 2020
AfricaTeam,   1/3/2010 9:58:02 AM Add AfricaTeam as a Friend | Send Message
Africa See Profile
Ghana, China Trade Hits Over $189M in 2009

Trade between Ghana and China has reached over $189.395 million as at the end of October 2009 according to official statistics published in the Chinese media.

China has not hidden its interest in Ghana in particular and Africa in general. Indeed, bilateral relations between Ghana and China became stronger during the First Republic when Dr. Kwame Nkrumah was President of Ghana.

In the first half of 2009, China invested about $552 million directly in Africa raising China’s direct investment in Africa to 81% from the same period in 2008.

And trade between Ghana and China has grown over the years. In 2005 trade between the two countries was $769 million.

Trade between the two countries has blossomed over the years, with China benefitting most.

Ghana’s exports to China totalled only $25 million with imports of $93 million in the year 2000. Exports grew to $32 million in 2003 with imports of $180 million. In 2006, the figure went up to $39 million for exports while imports surged to $504 million.

China recently gave Ghana some undisclosed financial support to be used to develop infrastructure for the country’s nascent oil industry.

On Wednesday December 30, 2009 China granted Ghana two concessional financial facilities totalling 100 million Chinese yuan, approximately $14.65 million.

And on the same day the first batch of an 11-member Chinese medical team arrived in Ghana for a two-year medical mission.

The six-member medical team, which includes experts in cardiology, anesthesiology, neurology and urology, is the first batch of the 11-member medical team. Its members were selected from hospitals in Guangzhou, capital of the southern Chinese province of Guangdong.

China has also offered to rebuild Ghana’s Foreign Affairs offices after it was razed down last year.

Source: Citi FM Online

Tags:Ghana, China trade hits over $189m in 2009, Ghana, China Trade Hits Over $189M in 2009
Bookmark and Share Email Email to Friends Print Print
Please Sign In  or Register  to post a comment.

Facebook Twitter YouTube Instagram Linkedin African Music
Most Popular

Post a New Story from your Account, then Vote for it Here by clicking Push
Latest Forums
Latest Polls
    Nigeria    Kenya    
South Africa    Ghana    
Egypt    Ethiopia    Zimbabwe    Uganda    Tanzania    
Africa    Kenya a Hot bed of Investments    Test    Pope Francis On Safari In Kenya    Malawi    Sudan    The 2nd Pan-African Cultural Festival Photos    Tunisia    2010 World Cup Draw: Which Country Has the Hottest Fans?    Somalia    
Site Map | Help | Send Feedback | Contact us | User Agreement | Privacy | About us | Advertise
Copyright © 2020-2022 Africa Updates Inc. All rights reserved