Chinese Investments in Ghana Reach Nearly $4 Billion, Create Thousands of Jobs – President Mahama Reveals
President of the Republic of Ghana H.E John Dramani Mahama has announced that Chinese investments in the West African nation have reached nearly $4 billion over the past decade, creating thousands of employment opportunities for Ghanaian youth.
Speaking at the Presidential Investment Forum in Beijing, President Mahama revealed the impressive scale of China-Ghana economic cooperation. “Between 2013 and 2024, Chinese investments recorded by Investment Promotion Center is set to total $3.9 billion, almost 4 billion and this covers more than 400 projects and creates thousands of jobs for Ghanaian youth,” the President stated.
The President emphasized that these investments have been instrumental in Ghana’s development trajectory. “This partnership has advanced industrialization, technology transfer and skills development across multiple sectors of our economy,” he noted during his address.
The substantial investments have been channelled through established cooperation mechanisms between the two nations. “Through the Belt and Road Initiative and the forum on China Africa cooperation, Chinese collaboration has strengthened Ghana’s infrastructure in energy and industrial capacity,” President Mahama explained.
The President also highlighted China’s broader commitment to African development, commending Beijing’s recent trade initiatives. He praised “the government of China for this act of solidarity,” particularly noting China’s decision to grant zero tariff access to Ghanaian and African products.
The economic partnership extends beyond investments to robust trade relations. President Mahama revealed that “China is Ghana’s largest trading partner, with bilateral trade reaching $11.8 billion in 2024.”
The trade relationship has shown consistent growth, with “China’s exports to Ghana rose by nearly 46%, while Ghana’s exports to China increased by over 11%” between 2020 and 2024.
Addressing potential Chinese investors, President Mahama assured them of Ghana’s commitment to protecting their interests. “Ghana guarantees the security of your capital and your profits,” he stated, emphasizing the country’s legal framework that protects against expropriation.
The President outlined Ghana’s ambitious transformation agenda, describing it as creating “a 24 hour economy of opportunity and innovation” with significant infrastructure development and agricultural modernization programmes.
Looking ahead, President Mahama extended an invitation for continued partnership: “Ghana offers Chinese investors not only stability and profitability, but also a strategic gateway to the heart of Africa. In return, we seek partnerships that accelerate industrialization and advanced technology transfer and create shared value for our peoples.”
The announcement comes as Ghana and China celebrate 65 years of diplomatic relations, underscoring the enduring nature of their bilateral partnership and its evolution into a major economic collaboration benefiting both nations.
