Bilateral trade between Ghana and China soared to a record-breaking $11.84 billion in 2024, underscoring the deepening economic ties between the two nations. This milestone further cements China’s position as Ghana’s largest trading partner and highlights the growing scope of collaboration across various sectors.
The steady increase in trade has been fueled by Ghana’s exports of gold, cocoa, and oil, alongside China’s supply of machinery, electronics, textiles, and construction materials. The 2024 trade figures mark a significant leap from previous years, driven by mutual investments and strategic agreements under the Belt and Road Initiative (BRI) and the Forum on China-Africa Cooperation (FOCAC).
As a global economic powerhouse, China’s GDP reached nearly 135 trillion yuan (about $18.5 trillion) in 2024, growing by five percent and contributing 28 percent to global economic expansion.
Strengthening Ghana-China Relations
Looking ahead, both nations anticipate further trade and investment expansion, reinforcing their strategic partnership.
Celebrating Economic Ties at the Lantern Festival
This trade achievement was celebrated at a grand event held at the University of Ghana Sports Stadium in Accra during the 2025 Chinese Lantern Festival.
The festival, a symbol of unity and cooperation, brought together key dignitaries, including President John Dramani Mahama, Chinese Ambassador to Ghana Mr. Tong Defa, Minister of Foreign Affairs Mr. Samuel Okudzeto Ablakwa, senior government officials, business leaders, and members of the Chinese community in Ghana.
As the evening unfolded, the stadium transformed into a vibrant stage for Chinese cultural performances. The sounds of traditional Chinese instruments—sharp notes from the erhu and the deep beats of war drums—set an electrifying tone.
The celebration reached its peak when thousands of lanterns in shades of red, gold, and blue floated into the sky, symbolizing hope and unity.
China Reaffirms Commitment to Ghana’s Growth
Chinese Ambassador Tong Defa highlighted the significance of 65 years of diplomatic relations, attributing the record trade figures to consistent cooperation and China’s commitment to Ghana’s development.
“China has been Ghana’s largest trading partner and a major investor for many years. In 2024, our bilateral trade hit an all-time high of $11.84 billion, showcasing the strength of our economic collaboration,” he stated.
He outlined China’s contributions to Ghana’s development, citing major infrastructure projects such as roads, bridges, hospitals, and educational institutions funded through Chinese partnerships. Ambassador Tong reaffirmed China’s commitment to supporting Ghana’s industrialization and agricultural modernization.
“As we celebrate 65 years of diplomatic ties, we look forward to deeper collaboration in infrastructure, technology, and people-to-people exchanges. Our friendship is built on shared aspirations for economic prosperity and social progress,” he added.
Ambassador Tong also announced that 2026 had been designated as the China-Africa Year of People-to-People Exchanges, an initiative aimed at strengthening cultural and economic ties between Ghana and China.
President Mahama Calls for Increased Chinese Investment
In his keynote address, President John Dramani Mahama praised the strong Ghana-China partnership and its impact on Ghana’s economic development.
“Over the years, Ghana and China have achieved remarkable progress in trade and investment, benefiting both economies,” he said.
He acknowledged China’s role as a key development partner, citing its contributions to energy, education, and agriculture. Encouraging further investment, he urged Chinese businesses to explore opportunities in value-added industries, manufacturing, and technology-driven sectors.
“As I stated in my inaugural address, Ghana is open for business again. I invite our Chinese partners to explore the vast opportunities available, ensuring a win-win outcome for both nations,” President Mahama emphasized.
Beyond trade, he underscored the importance of cultural and educational exchanges, highlighting the benefits Ghanaian students have gained from Chinese scholarships and technical training programs. He also called for stronger collaboration in innovation and digital transformation to drive economic growth.
With trade and diplomatic ties reaching new heights, Ghana and China remain committed to fostering a future of shared prosperity and sustainable development.
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