BEIJIN, Oct 14 (The African Portal) – President John Dramani Mahama says Ghana and China have reached an agreement in principle to grant Ghanaian products zero-tariff access to the Chinese market, with the deal expected to be signed by the end of October 2025.
Speaking at the Presidential Investment Forum in Beijing, Mr Mahama also announced plans to create a pathway to Ghanaian citizenship for long-term investors through a new law that will remove minimum capital requirements.
“I’m happy to inform you that we reached an agreement in principle, and we have targeted the end of October to be able to sign off on the zero-tariff principle,” he said.
In addition, he noted, “A new Investment Promotion Authority Bill will abolish minimum capital requirements for foreign and joint venture investors and will provide a clear path for long-term investors to qualify for Ghanaian citizenship.”
Mr Mahama said the measures were designed to attract investment, rebalance trade and boost industrial growth. “We want to work with you as we build a future of shared progress and shared prosperity for our peoples,” he told the forum.
Trade between Ghana and China reached 11.8 billion dollars in 2024. Mr Mahama said the zero-tariff deal would open new markets for Ghanaian exporters and help narrow the trade gap.
He assured investors that Ghana’s laws protect against discrimination and expropriation and allow the free repatriation of profits. “Our democratic stability of more than three decades is the strongest guarantee of investor confidence,” he said.
“Ghana is open for business, we are open to innovation, and we are open to partnerships, especially with our Chinese counterparts,” he added.
