President Assures Safety Of Chinese Investments In Ghana

President Nana Addo Dankwa Akufo-Addo on Wednesday assured China's business community of the safety of their investments in Ghana, urging them to make the country their preferred business destination in Africa.

"Ghana is a haven of peace, security and stability, and because she protects legitimate investments...and you should take advantage of the growing business a friendly climate in the country to invest in Ghana,” he said.

President Akufo-Addo gave that assurance when he addressed the Ghana-China Investment Forum in the Shangdong Province of China.

He told the Chinese business community that Ghana's flagship agricultural programme, “Planting for Food and Jobs”, its renewable energy sector and ICT growth were all areas of considerable opportunity.

"These are all sectors you can profitably partner with Ghanaian companies, some of whose representatives have come all the way from Ghana to be here with me,” he said.

China has, since 2015, been Ghana’s largest trading partner, with total trade amounting to some $6.7 billion in 2017.

The President told the gathering that Ghana had taken the decision to “walk hand-in-hand with China and her business community, because we desire to walk far.”

However, with the majority of exports from Ghana to Shangdong, for example, being crude oil, bauxite and its concentrates, sawn timber, i.e. raw materials, the President told the Chinese business community that “we want to stop being mere producers and exporters of raw materials, and, thereby, deal with China, and, indeed, Shangdong province, on the basis of things we make.”

Thus, he recommended to Chinese business community his government’s flagship policy of “1-District-1-Factory”.