Ghana is preparing to open a new Trade Office in Nanjing, in China’s Shandong Province, later this year as part of efforts to deepen trade and investment relations between the two countries.
The Minister for Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, announced the plan during a farewell meeting with the outgoing Chinese Ambassador to Ghana, H.E. Tong Defa, at her office in Accra on Thursday.
According to the Minister, the proposed Trade Office will serve as a platform to strengthen bilateral trade, expand market access for Ghanaian products, and attract increased Chinese investment into the country.
She also revealed that Ghana is ready to sign a Zero-Tariff Agreement with China, noting that such an arrangement would further enhance exports and industrial growth. Hon. Ofosu-Adjare praised Ambassador Tong Defa for his strong collaboration with the Ministry throughout his tenure, describing his engagement as instrumental in advancing Ghana–China economic relations.
The Minister further highlighted recent progress in trading directly in local currencies, an initiative she believes will help stabilise and strengthen the Ghanaian cedi. “If we are able to trade in our own currencies, Ghana’s currency will be strengthened, especially since a significant portion of our trade is with China,” she explained.
Hon. Ofosu-Adjare expressed gratitude to the Ambassador for his commitment to promoting Chinese investment in Ghana and wished him well in his future assignments, expressing confidence that bilateral ties would continue to grow.
In his response, Ambassador Tong Defa commended the Minister’s leadership and dedication to deepening cooperation between the two countries. He disclosed that several Chinese companies have shown strong interest in investing in Ghana and expressed optimism that Ghana’s exports to China would see significant growth under the current administration.
