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Ghana seals China pact to supercharge 24-Hour Economy

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By Kwame Bediako

Ghana’s Investment Promotion Centre (GIPC) has signed pivotal Memorandum of Understanding with China’s Africa Economic and Trade Promotion Council (CAETP), launching the China-Ghana Economic and Cooperation Project Programme.

This structured alliance promises to streamline investments, forge deeper ties between Chinese firms and Ghanaian partners, and fast-track bankable projects aligned with national growth goals. Signed at the China-Ghana Economic and Trade Conference and GIPC’s new China Liaison Office inauguration, it marks a bold step in proactive investment drives.

Leading the charge was the 24-Hour Economy Secretariat (24H+), steered by Presidential Advisor Augustus Tanoh, alongside heavyweights from the National Development Planning Commission, Ministries of Finance, Fisheries, Tourism, and the Ghana Export Promotion Authority (GEPA).

Building on President John Dramani Mahama’s China visit last year, the mission blended deal-making with a study tour, pitching Volta Economic Corridor (VEC) projects in granular detail to eager investors.

Delegates dove into China’s playbook, scrutinizing how it meshes state sectors, foreign cash, and local SMEs while tackling eco-hurdles via innovations like affordable irrigation, AI agro-tech, and off-grid renewables.

GIPC CEO Simon Madjie pitched Ghana’s investor perks, clear policies, incentives, and ease-of-business tweaks, across hotspots like infrastructure and exports. GEPA’s Ambrose Nsarkoh spotlighted trade gateways and market edges.

This pact turbocharges Ghana’s industrial overhaul, prioritizing private-led investments, value chains, and green jobs. By adapting China’s strategies, it eyes sustainable transformation, positioning Ghana as Africa’s investment magnet.

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