11 - 13 Oct 2023


Ghana targets 1,000 Chinese foreign investments

The Ghana Investment Promotion Centre (GIPC) is collaborating with the Ghana National Chamber of Commerce and Industry – representing government and the private sector respectively, to persuade Chinese companies to set up production and manufacturing plants in Ghana rather than importing finished goods from China to Ghana.

The move is to reduce the large trade deficit that Ghana is incurring in its merchandise trade relationship with China, create direly needed new local jobs in the manufacturing sector, benefit from technology transfer and benefit from the capital inflows in foreign exchange that are inevitable in establishing foreign owned enterprises in Ghana.

While this is line with established objectives of the state with regards to all countries that Ghana has economic relationships with, GIPC and government itself sees extraordinary opportunities in its investment drive if it successfully targets China in particular. via @goldstreetbizgh