Chinese investor expresses confidence in Ghanaian market


  • World
  • Monday, 06 Feb 2023

ACCRA, Feb. 5 (Xinhua) -- A leading Chinese investor in Ghana on Sunday expressed full confidence in the Ghanaian market despite economic hardships facing the west African country.

Tang Hong, president of the Ghana Association of Chinese Societies, commented at the launching ceremony of the latest edition of the Chinese business directory in Ghana.

Tang noted that worsened business environment marked by soaring inflation and persistent currency depreciation has led to hardships on some Chinese businesses.

"Despite the grave hardships and challenges, the trade volume between the two countries (China and Ghana) saw a year-on-year growth in the first 11 months last year, and the number of expatriates from China registered in Ghana is higher than from any other countries," he said.

"All the signs showed Chinese investors are fully confident in the Ghanian market," Tang said.

He pointed out that the Chinese-proposed Belt and Road Initiative, combined with Ghana's One District One Factory Initiative, has tremendously contributed to industrializing Ghana and raising the living standards of Ghanaians.

The directory included relevant information from more than 300 Chinese firms in a wide range of areas such as mining, construction, and catering, Tang said, adding that an increasing number of Chinese investors are tapping deeper into the local market.

"I believe the China-Ghana ties will be closer in the post-pandemic era," Tang said, calling on the Chinese community to ramp up their efforts to help boost bilateral exchange and cooperation.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Layoff whiplash scars workers who find new jobs only to lose them
European Union questions TikTok on new app that pays users for watching
Man watches RM119,000, woman disappear in online dating scam, US police say
Polish president meets privately with Trump in New York
Uber is helping investigators look into account that sent driver to US home where she was killed
AI computing is on pace to consume more energy than India, Arm says
Stabbed Sydney Assyrian church bishop says he forgives attacker
Croatian ruling party wins election without majority
Prince William returns to public duties after wife Kate's cancer revelation
U.S. stocks retreat on little progress in fighting inflation

Others Also Read