Home>>World
Last updated at: (Beijing Time) Wednesday, November 28, 2001

China Grants Ghana US$3.6 Million

The Chinese government has provided a grant of 30 million yuan (about US$3.6 million) to the Ghanaian government, the Chinese Embassy in Ghana said Tuesday in Accra. In the spirit of the Forum of China-Africa Cooperation- Ministerial Conference 2000, China will further develop and expand the friendly cooperation with the Ghanaian government and people within the framework of the South- South cooperation.


PRINT IT DISCUSS IT CHINESE SEND TO FRIENDS


Grant Agreement Signed in Ghana

The Chinese government has provided a grant of 30 million yuan (about US$3.6 million) to the Ghanaian government, the Chinese Embassy in Ghana said Tuesday in Accra.

Chinese Ambassador to Ghana Lu Yongshou Monday on behalf of the Chinese government signed the grant agreement with Ghanaian Minister of Finance Yaw Osafo Maafo in the west African country's capital.

  • Reflection of the Spirit of China-Africa Cooperation Forum


    • Lu told the journalist that the provision of the grant is a demonstration of the Chinese people's friendly feelings to the Ghanaian people and is in support of the economic development effort undertaken by the Ghanaian government.

    "In the spirit of the Forum of China-Africa Cooperation- Ministerial Conference 2000 held in Beijing last year, when minister from China and 44 African countries undertook to build a dynamic, new strategic partnership between China and Africa, China will further develop and expand the friendly cooperation with the Ghanaian government and people within the framework of the South- South cooperation," Lu said.

  • China Offers Further Support to Ghana


    • Lu disclosed that apart from this grant and some other assistance provided by the Chinese government, the Chinese side is now holding serious discussion with the Ghanaian side on the cancellation of debts of over 90 million Yuan (about US$10.9 million) Ghana owes China.

    China's Support Appreciated: Maafo

    At the signing ceremony, Maafo said unlike other grants from donors that come with predetermined purposes, the Chinese grant has no strings attached and the Ghanaian government has not yet determined what the money would be used for.

  • Ultimate Objective to Be Guaranteed


    • "We hope to achieve through the expeditious implementation of projects that will be mutually agreed upon between our two governments with the ultimate objective of enhancing the general well-being of the Ghanaian populace," Maafo said.

  • China's contribution to Ghana's Development Remarkable


    • Commending the Chinese government's contribution to Ghana's development since its independence in 1957, Maafo said some of project have benefited tremendously from increased Chinese assistance over the years, including the National Theater, Drama Studio, irrigation facilities and the Dangbe East District Hospital.

    Accepting the result of feasibility studies on the pulp and paper industry to him presented by the Chinese ambassador, Maafo said after the feasibility study on the establishment of a pulp and paper mill at Dabuase in the western region, the Chinese government will make a formal report.

    The minister expressed hope that besides the current grant, Ghana can count on Chinese assistance in bringing to fruition the pulp project when his government requests for funding.

    Sino-Ghana Friendship Time-honored

    China and Ghana have been enjoying time-honored friendship since the two countries established diplomatic relations in 1960s.

    Since the new Ghanaian government took office in January this year, the exchanges and cooperation between the two countries have also obtained new momentum and made remarkable progress under the encouraging policies adopted by President John Kofuor.



    China and Ghana

  • Political Relations


    • The People's Republic of China established diplomatic relations with the Republic of Ghana on July 5, 1960. In September 1966, the then Ghanaian military government, having seized power in a coup d'etat, unilaterally severed diplomatic relations with China. In January 1972, the Ghanaian Government headed by Acheampong took the initiative in restoring diplomatic relations with China. The relations between the two countries have developed smoothly since then.

  • Trade Relations and Economic & Technical Cooperation


    • China and Ghana have signed an economic and technical cooperation agreement as well as a trade agreement. With its aid to Ghana, China has conducted series of cooperation with the latter. China has helped Ghana build a number of complete projects such as the Ghana National Theatre, agricultural cooperation project, rice grinding mill, Afefi Irrigation Project and the grain depot and Ghana Vocational and Technical Training Center. China has also provided, in the form of aid, cotton spinning machines and methane-producing equipment to Ghana. Technical cooperation was conducted in the Nobewam Irrigation Project and the National Theatre.

    The total trade volume between China and Ghana in 2000 was US$120.89 million, of which the Chinese exports accounted for $105.98 million, and its imports $15 million. The main Chinese export items are light industrial products, textile, mechanical and electrical products, medicine and chemical products etc; while the main import items from Ghana are timber, cocoa, and natural rubber.

  • Cultural, Educational, and Military Cooperation


    • China and Ghana have signed an agreement on cultural cooperation. China accepted 104 Ghanaian students since 1960, and at the end of 2000, there were 13 Ghanaian students studying in China. Now, One Chinese teacher is lecturing in Ghana.

    The Chinese and the Ghanaian armies have maintained good relations. The bilateral military exchanges have increased in the past few years.



    		    Advanced

    Ghanaian President Announces Cabinet Reshuffle

    Ghanaian President Appeals For More Investment From China