BEIJING, Ghana’s Vice-President Mahamudu Bawumia has urged China’s investor community to take advantage of the country’s competitive advantages, especially within the West Africa Sub-region, to make significant investments which can bring them appreciable returns.
The President Akufo-Addo-led Government is looking for significant investments to do big things and is putting in place the necessary legislative and policy framework to ensure that the private sector can thrive in a business-friendly environment, he said when he met the President of the China Export-Import Bank (Exim Bank), Liu Liange, here Thursday.
The six-month old Akufo-Addo Government is committed to transforming Ghana’s economy, ensuring macro-economic stability and managing our resources efficiently, said Bawumia, who is on a five-day visit to China. “We need significant investments to do big things and any investor will find in us a partner committed to ensuring a win-win situation.
Bawumia proposed a strategic partnership between the China and Ghana Exim banks to facilitate the acquisition of machinery for Ghana’s “One district, One factory” initiative, as well as for infrastructure projects outlined by the government.
Bawumia is leading a delegation comprising government officials business people to deepen bilateral diplomatic and economic ties and to enable Ghanaian businesses to form partnerships with their Chinese counterparts. The visit is at the invitation of the Chinese government and it is the first high-level official visit to China since the New Patriotic Party-led government took office in January this year.
Liu said the Chinese Exim Bank had confidence in the Ghanaian economy and this was reflected in the fact that Ghana was the African country which had received the largest amount of funding from the Bank for projects, including those covering telecommunications and agriculture.
The bank also stands ready to help Ghana in the areas of railways infrastructure, the aviation industry, manufacturing and other priority areas, he assured.
Bawumia is also scheduled to have a meeting with Chinese Vice-President Li Yuanchao at the Great Hall of the People, and other leaders, Yu Zhengsheng, a member of the Standing Committee of the Political Bureau of the Chinese Community Party (CPC) Central Committee and Chairman of the National Committee of the Chinese Political Consultative Conference.
Source: NAM NEWS NETWORK