China has announced a 0% tariff on all exports from Ghana following high-level discussions between Ghana’s Minister for Foreign Affairs, Samuel Okudzeto Ablakwa, and China’s Foreign Minister, His Excellency Wang Yi, on June 11.
Mr. Ablakwa highlighted that China remains Ghana’s number one trading partner, with last year’s trade volume surpassing US$11 billion. He described the new tariff policy as a significant step toward boosting economic growth in Ghana.
“This 0% tariff on 100% of goods from Ghana and other African countries will bolster trade, create jobs and produce more Ghanaian entrepreneurs,” he said.
Beyond trade policies, the two officials discussed new industrial projects aligning with President Mahama’s vision, including the development of an integrated aluminium industry powered by modern rail infrastructure.
Mr. Ablakwa shared that Ghana and China have agreed to work toward establishing an electric car manufacturing plant, leveraging Ghana’s lithium deposits.
He further revealed that both countries will soon sign a special Economic Partnership Agreement to formalize their collaboration. “President Mahama’s administration is firmly committed to leveraging diplomacy for the transformation of our dear country. Kwame Nkrumah and Chairman Mao will be proud of what Ghana-China relations has achieved 65 years after they laid the foundation,” he stated.
