GHANA SEEKS CHINESE ASSISTANCE TO REVAMP COTTON INDUSTRY

BEIJING– A thirteen-member delegation, led by the Minister of Food and Agriculture (MOFA), Dr Owusu Afriyie Akoto, is visiting China to explore the possibilities of entering into the Chinese market with Ghanaian products.

The delegation also sought partnerships with Chinese counterparts to invest in the various sectors of the economy of Ghana.

Additionally, it explored partnership in the cotton, cocoa products, the shea nut processing and fertiliser production as well as other areas of common interest.

During a meeting with the Vice-Chairman of the Chinese Chamber of Commerce for Import and Export Textile and Apparel, Zhang Xi-An, Dr Akoto explained that he was liaising with the chamber to get Chinese companies interested in the cotton industry to consider investing in the production, processing and marketing of the cotton both locally and into the Chinese and other African markets.

He told Xi-An that the government had a discussion with two Chinese companies two years ago for the possibility of setting up a cotton processing facility in Ghana.

Dr Akoto, who said the discussion with the two companies began during the President Mahama-led administration, explained that when he took over the ministry, I felt that this is an important project and, therefore, decided to re-establish communications between Ghana and the chamber.

He said he followed up with an invitation of the representatives of the two companies to Ghana who, during the meeting, reminded the ministry that there was already a memorandum of understanding (MoU) between them and the ministry.

Dr Akoto said the government of Ghana had set aside 100,000 hectares of land for cotton production in the northern part of Ghana as a way of revamping the cotton industry.

He, therefore, invited the Chinese investors, especially those in the cotton industry, to take advantage of the opportunity to invest in the sector from the farm to garments, to feed the local market and the international market as well.

Xi-An pledged to mobilise Chinese businesses to explore the possibilities of investing in Ghana through the association, adding that the association, which was already operating in some African countries, was glad to include Ghana.

Source: NAM NEWS NETWORK

   

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GHANA SEEKS CHINESE ASSISTANCE TO REVAMP COTTON INDUSTRY

BEIJING– A thirteen-member delegation, led by the Minister of Food and Agriculture (MOFA), Dr Owusu Afriyie Akoto, is visiting China to explore the possibilities of entering into the Chinese market with Ghanaian products.

The delegation also sought partnerships with Chinese counterparts to invest in the various sectors of the economy of Ghana.

Additionally, it explored partnership in the cotton, cocoa products, the shea nut processing and fertiliser production as well as other areas of common interest.

During a meeting with the Vice-Chairman of the Chinese Chamber of Commerce for Import and Export Textile and Apparel, Zhang Xi-An, Dr Akoto explained that he was liaising with the chamber to get Chinese companies interested in the cotton industry to consider investing in the production, processing and marketing of the cotton both locally and into the Chinese and other African markets.

He told Xi-An that the government had a discussion with two Chinese companies two years ago for the possibility of setting up a cotton processing facility in Ghana.

Dr Akoto, who said the discussion with the two companies began during the President Mahama-led administration, explained that when he took over the ministry, I felt that this is an important project and, therefore, decided to re-establish communications between Ghana and the chamber.

He said he followed up with an invitation of the representatives of the two companies to Ghana who, during the meeting, reminded the ministry that there was already a memorandum of understanding (MoU) between them and the ministry.

Dr Akoto said the government of Ghana had set aside 100,000 hectares of land for cotton production in the northern part of Ghana as a way of revamping the cotton industry.

He, therefore, invited the Chinese investors, especially those in the cotton industry, to take advantage of the opportunity to invest in the sector from the farm to garments, to feed the local market and the international market as well.

Xi-An pledged to mobilise Chinese businesses to explore the possibilities of investing in Ghana through the association, adding that the association, which was already operating in some African countries, was glad to include Ghana.

Source: NAM NEWS NETWORK

   

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