By Samuella Quartey
Ghana and China’s Hunan Province have agreed to deepen economic collaboration across key sectors including Agriculture and Agribusiness, Smart Industrialisation, and Sustainable Mineral Processing. The commitment was made during high-level bilateral talks at the 4th China-Africa Economic and Trade Expo (CAETE) held in Changsha.
The discussions were led by the Minister for Trade, Industry and Agribusiness, Elizabeth Ofosu-Adjare, and Vice Governor of Hunan Province, Cao Zhiqiang. Both parties emphasized the importance of strengthening bilateral trade, investment promotion and technical cooperation.
Madam Elizabeth Ofosu-Adjare further underscored Ghana’s value proposition to foreign investors, citing a stable political environment, adherence to the rule of law, competitive returns and a youthful, growing middle class. She described Ghana as a strategic gateway to West Africa and global markets.
She encouraged multinational companies from Hunan to explore investment opportunities in Ghana’s emerging sectors, particularly manufacturing, textiles and garments, pharmaceuticals and component production in line with the government’s 24-hour economy policy.
The Minister pointed out that Africa stands at a pivotal moment in its development time of transformation, innovation and industrial growth. According to her, the potential of Africa lies not only in its resources but in its ability to process, refine and innovate, turning raw commodities into high-value products that create jobs and drive sustainable growth.
“Let us move beyond traditional trade relationships and embrace transformational partnerships, ones that promote technology exchange, sustainable industrial practices and globally competitive African enterprises.” Said the minister.
The Minister for Trade, Industry and Agribusiness, Elizabeth Ofosu-Adjare urged Chinese investors to take advantage of the African Continental Free Trade Area which present an unprecedented opportunity for businesses to access a market of 1.3 billion people with a combined GDP of 3.4 trillion coupled with a growing middle class.
