Tuesday, 14 October

Ghana, China to finalise zero-tariff trade agreement — President Mahama

Business
President Mahama and his Chinese counterpart

President John Dramani Mahama has announced that Ghana and China are set to finalise a zero-tariff trade agreement by the end of this month, a deal that will eliminate trade barriers and grant Ghanaian exports greater access to the Chinese market.

Speaking at the Presidential Investment Forum in Beijing, President Mahama revealed that both countries have reached a mutual understanding on the framework for the agreement, which aligns with China’s broader plan to extend its zero-tariff policy to all 53 African countries.

The initiative forms part of Beijing’s efforts to strengthen diplomatic and economic cooperation across the African continent.

“This agreement will open new doors for Ghanaian businesses, enhance export competitiveness, and deepen the trade relationship between our two nations,” President Mahama stated.

In addition to the trade discussions, President Mahama announced the government’s plan to establish an inter-ministerial committee to conduct feasibility studies for the creation of a Green Digital City in Ghana.

According to the President, the ambitious project will be developed in phases over a 20-year period, positioning Ghana as a regional hub for sustainable technology, digital innovation, and green development.

“The first phase of the Green Digital City project is expected to commence before 2029,” he disclosed, emphasising that the initiative will attract investment, create jobs, and promote environmentally sustainable urban growth.

 

The President reaffirmed his government’s commitment to fostering strategic partnerships that advance Ghana’s economic transformation agenda and reinforce the country’s role as a gateway for innovation and trade in West Africa.

Source: Classfmonline.com/Pearl Ollennu