- Ghana, China plan EV facility using Ghana’s lithium reserves.
- New trade deal includes 0% tariffs on Ghana’s exports.
- Initiatives aim to boost jobs, green energy, and industry.
Mr. Samuel Okudzeto Ablakwa, Minister of Foreign Affairs, has announced that Ghana and China are collaborating to set up an electric vehicle manufacturing facility in Ghana.
During the ongoing China-Africa Summit in Changsha, China, Mr. Ablakwa discussed with Wang Yi, China's Foreign Minister that the forthcoming company would focus on Ghana's significant lithium reserves.
Mr. Ablakwa stated that this strategic action demonstrates Ghana’s dedication to tackling climate change since Lithium is regarded as essential to the green energy revolution.
As critical minerals play a vital role in the global energy transition, Ghana's discovery of lithium deposits has garnered worldwide interest in the country.
The Foreign Minister, who serves as the MP for North Tongu in the Volta Region, stated that he and his Chinese counterpart addressed new industrial initiatives in alignment with President John Mahama's vision, which includes utilizing Ghana’s bauxite for a comprehensive aluminium industry supported by contemporary rail infrastructure.
He mentioned that Ghana and China would soon finalize a special Economic Partnership Agreement to solidify “our mutually beneficial partnership.”
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Mr Ablakwa observed that President Mahama's government was dedicated to employing diplomacy for the advancement of our beloved nation. He stated that China had proposed a zero percent tariff on every export from Ghana.
Mr Ablakwa stated that China was Ghana's top trading partner, with the trade volume last year surpassing US$11 billion.
He stated that the zero per cent tariff on all goods from Ghana and other African nations would enhance trade, generate employment, and foster more Ghanaian entrepreneurs.