Ghana’s Minister for Foreign Affairs, Samuel Okudzeto Ablakwa, has announced that China has granted a 0% tariff rate on all goods exported from Ghana, marking a major milestone in trade relations between the two countries.
In a statement posted on Facebook today, Tuesday, June 11, Mr. Ablakwa described his bilateral talks with Chinese Foreign Minister Wang Yi as “productive and impactful,” revealing that the agreement was reached during the ongoing China-Africa Summit in Changsha.
“China has offered 0% tariff on all exports from Ghana,” he wrote, adding that the move will “bolster trade, create jobs and produce more Ghanaian entrepreneurs.”
China remains Ghana’s top trading partner, with bilateral trade exceeding US$11 billion in 2024. The tariff-free access for 100% of Ghana’s exports is expected to significantly boost export volumes and economic growth.
As part of broader discussions, the two nations also explored major industrial initiatives aligned with President John Mahama’s economic transformation agenda. These include plans to establish a local electric vehicle manufacturing plant, leveraging Ghana’s lithium deposits, and a fully integrated aluminium industry powered by modern rail infrastructure and bauxite exploitation.
To formalise these expanded areas of cooperation, Ghana and China are working toward signing a Special Economic Partnership Agreement, according to the Foreign Minister.
“President Mahama’s administration is firmly committed to leveraging diplomacy for the transformation of our dear country,” Mr. Ablakwa said. “Kwame Nkrumah and Chairman Mao will be proud of what Ghana–China relations have achieved 65 years after they laid the foundation.”
Source: Ghana/Starrfm.com.gh/Risa Wyettey Cofie
