Trade between Ghana and China soared to an all-time high of $11.84 billion in 2024, marking a significant leap in their economic cooperation.

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This record-breaking trade volume cements China’s status as Ghana’s leading trading ally and highlights the increasing depth of their economic ties.

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Ghana’s exports of gold, cocoa, and crude oil continue to fuel this growing trade relationship, while China supplies essential goods such as machinery, electronics, textiles, and building materials.

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The surge in trade reflects the impact of strategic agreements, including the Belt and Road Initiative (BRI) and the Forum on China-Africa Cooperation (FOCAC), which have bolstered investment and infrastructure growth.

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China remains a powerhouse in global commerce, reporting a GDP of nearly 135 trillion yuan (approximately $18.5 trillion) in 2024, with a 5% growth rate and a 28% contribution to global economic expansion.

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Since establishing diplomatic relations in 1960, Ghana and China have maintained a thriving partnership built on mutual respect and shared economic ambitions. Chinese enterprises have played a vital role in Ghana’s progress, particularly in infrastructure, energy, telecommunications, and mining.

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With trade and investment continuing on an upward trajectory, both nations anticipate further economic advancements, reinforcing their strategic collaboration.

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To commemorate this historic trade milestone, a grand celebration took place at the University of Ghana Sports Stadium during the 2025 Chinese Lantern Festival.

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The event brought together esteemed figures, including President John Dramani Mahama, Chinese Ambassador to Ghana Mr. Tong Defa, Minister of Foreign Affairs Samuel Okudzeto Ablakwa, senior government officials, industry leaders, and members of the Chinese community in Ghana.

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The festival showcased a vibrant display of Chinese cultural performances, with traditional music and dance captivating attendees. The highlight of the evening was a spectacular lantern-lighting ceremony, where thousands of glowing lanterns in red, gold, and blue ascended into the night sky, symbolizing unity and a shared vision for prosperity.

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Chinese Ambassador Mr. Tong Defa emphasized the importance of the 65-year diplomatic relationship between Ghana and China, describing it as a testament to enduring trust and cooperation.

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“China has been Ghana’s largest trading partner and a major investor for many years. Last year, our bilateral trade reached an all-time high of $11.84 billion, demonstrating the strength of our economic cooperation,” Ambassador Tang said.

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He highlighted China’s contributions to Ghana’s infrastructure, citing key projects in transportation, healthcare, and education. Reaffirming China’s dedication to Ghana’s industrialization and agricultural modernization, he underscored plans to expand cooperation in technology, manufacturing, and human capital development.

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“As we celebrate 65 years of diplomatic ties, we look forward to enhancing our collaboration in infrastructure, technology, and people-to-people exchanges. Our friendship is built on shared aspirations for economic prosperity and social development,” he added.

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As part of efforts to strengthen cultural exchanges, he announced that 2026 has been designated as the China-Africa Year of People-to-People Exchanges, aimed at deepening socio-economic and cultural ties between the two nations.

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Delivering the keynote address, President John Dramani Mahama commended the evolving Ghana-China relationship and its critical role in Ghana’s economic transformation.

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“Over the years, Ghana and China have witnessed remarkable progress in trade and investment, benefiting both our economies,” President Mahama stated.

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He encouraged Chinese investors to explore opportunities in Ghana’s value-added industries, manufacturing, and technology-driven sectors, reiterating the government’s commitment to fostering a business-friendly climate.

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“As I mentioned in my inaugural address, Ghana is open for business again. I invite our Chinese partners to explore the vast opportunities available, ensuring a win-win situation for both nations,” he said.

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Beyond economic collaboration, President Mahama highlighted the importance of educational and cultural exchanges, acknowledging the benefits Ghanaian students have received through scholarships and technical training programs in China. He also stressed the need for increased cooperation in digital innovation and technology to accelerate Ghana’s economic growth.

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With trade at an all-time high and both nations eager to deepen their partnership, the future of Ghana-China economic relations looks promising, setting the stage for greater cooperation and shared progress.

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