Ghana and China are set to sign a zero-tariff agreement by the end of October, aimed at boosting Ghana’s export competitiveness and deepening bilateral trade ties.
President John Dramani Mahama announced that both countries have reached an agreement in principle on the framework for the deal, which is expected to open new markets for Ghanaian exporters, agro-processors, and manufacturers.
The agreement will demonstrate China’s confidence in Ghana’s partnership and further strengthen the two countries’ economic ties.
Trade between Ghana and China has been flourishing, with China maintaining its position as Ghana’s largest trading partner and bilateral trade reaching $11.8 billion in 2024.
The zero-tariff policy is expected to cover all 53 African countries, and China will also maintain diplomatic ties to boost Africa’s economy and offer the continent a benchmark to seek equal or better terms from other trading partners.
Additionally, President Mahama highlighted the government’s Green Digital City project initiative, which aims to establish a new green city spanning the Greater Accra, Volta, and Eastern regions, showcasing cutting-edge technology in urban design, planning, and innovation.
