The President of the Republic of Ghana, His Excellency Nana Addo Dankwa Akuffo-Addo recently visited the Federal Republic of China on his Economic visit that will foster an economic relation between Ghana and China.
Ghana and China have signed eight (8) Co-operation Agreements and Memoranda of Understanding, in different sectors of their respective economies, aimed at deepening the ties of co-operation and the bonds of friendship that exist between the two countries.
The agreements were signed on Saturday, 1st September, 2018, after the President of the Republic, Nana Addo Dankwa Akufo-Addo, and the President of the People’s Republic of China, His Excellency Mr. Xi Jinping, held bilateral talks, as part of President Akufo-Addo’s State Visit to China.
The agreements are the “One belt one road Memorandum of Understanding”, “Memorandum on Regional Aviation Co-operation”, “Agreement for Co-operation in the peaceful use of nuclear energy”, and “Co-operation to carry out Maternal and Child Health Project”.
The rest are “Framework Agreement on Financing Insurance Co-operation” ($2 billion Sino-Hydro deal), “Economic co-operation on Phase 2 project of the University of Health and Allied Sciences, Ho”, “Co-operation on the expansion of the Cape Coast Stadium”, and “Co-operation on the supply of police vehicles to the Ghana Police Service.”
Later that day, President Akufo-Addo held bilateral talks with Mr. Li Keqiang, Premier of the State Council of the People’s Republic of China, where matters involving infrastructural development, communications, and oil and gas were discussed.
The President told the Chinese Premier that a significant focus of his visit to China has to do with the $2 billion Sino-Hydro transaction.
He explained that, “We are looking at this transaction to afford us the opportunity to expand and improve our road infrastructure, as well as the railway development of our country.”
President Akufo-Addo was hopeful that his visit to China will “reinvigorate our relationship, provide us with the opportunity to contribute to the success of the FOCAC summit, and also enhance the nature of the co-operation between our two countries.”