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China to
encourage credible investment in Ghana - Ambassador
Accra, Nov. 8, Ghanadot/GNA - The Chinese Ambassador to
Ghana, Mr. Yu Wenzhe on Thursday said his government would
continue to encourage credible Chinese entrepreneurs to
invest in Ghana.
He said the long-standing traditional friendship between the
two countries had developed rapidly and positive
achievements had been made in all fields of co-operation.
Mr Yu, who was addressing a press conference to mark the
seventh anniversary of the Beijing Summit of the Forum on
China-Africa Cooperation (FOCAC), said the direct investment
by Chinese companies was over 70 million dollars.
The FOCAC was instituted in 2000 as a platform by China and
friendly African countries for collective consultation and
dialogue, and a cooperation mechanism between the developing
countries, which fell into the category of South-South
cooperation.
The forum, which is organised every three years, is also to
promote both political dialogue and economic cooperation and
trade, with a view to seeking mutual reinforcement and
common development.
The Ambassador said 283 Chinese enterprises registered with
the Ghana Investment Promotion Centre from September 1994 to
June 2007, making it the biggest investor.
Mr Yu added that 97 were manufacturing enterprises, 59
general trading companies, 44 service providers, 15
construction companies and 48 tourist agencies.
He mentioned the Bui Dam, Afefi Irrigation, Dangme East
District Hospital, Police Apartments, Beijing Village
Barracks at Burma Camp and the 17.4-kilometre Ofankor-Nsawam
stretch of the Accra-Kumasi Highway projects as some the
projects that China supported.
"Projects yet to be completed since 2006 include an office
block of the Ministry of Defence, two stadiums to serve
Ghana CAN 2008, National Communication Backbone Project and
the Youth Cultural Centre in Kumasi."
Mr Yu said China was also constructing a hospital in Accra
and three rural schools to be donated to the country.
He said under the framework of FOCAC, more than 700 Ghanaian
professionals and officials participated in various training
programmes or seminars in China including, trading,
agriculture, education, fishery, communication, energy and
auditing.
Mr Yu said since the establishment of FOCAC, economic and
trade cooperation between China and Africa had entered a new
era, with comprehensive, rapid and stable development.
"Two-way trade volume rocketed to 55.5 billion dollars in
2006 after breaking the mark of 10 billion dollars in 2000,"
he said.
The Fourth Ministerial Meeting of FOCAC would be held in
Egypt in 2009.
GNA
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