MORE CHINESE COMPANIES TO RUN GHANA. More Chinese firms are preparing to relocate to Ghana as a result of the slowdown in economic activities in that country.
China has described Ghana as its largest import supplier currently and should the influx of Chinese companies take place soon, Ghana’s manufacturing sector should prepare to take advantage of the situation to meet the possible shortfall in Chinese imports.
However, the Association of Ghana Industries (AGI) said Ghanaian industries do not have the production capacity to accomplish this.
According to Dr Ekwow Spio-Garbrah, Trade & Industry Minister, who disclosed this, government was considering the best means to benefit from the slump.
He explained that the Chinese themselves have decided to relocate some of their businesses to Ghana. “So we’ve actually written to our ministry to prepare to receive them. And later this year, we are going to have a Ghana – China Investment Forum. There are lots of Chinese companies here who have larger delegations coming from China to do match-making and counter-parting to their colleagues. Our circumstances also permit this. We are going to send Ghanaian delegations sometime to China for business forums there as well.”
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