Ghana ready to benefit from China’s zero-tariff policy
By: Rebecca Okine
Ghana is positioning itself to fully benefit from China’s zero-tariff policy for African exports, a move aimed at boosting trade, diversifying export markets, and enhancing the nation’s economic prospects.
Minister of Foreign Affairs and Regional Integration Samuel Okudzeto Ablakwa made the announcement at the launch of the fourth Made-in-Ghana Bazaar in Accra, describing the initiative as a major opportunity for Ghanaian producers to access the vast Chinese market without facing trade barriers.
“In view of current global trade wars and rising tariffs, we must create new markets while expanding existing ones by forging meaningful and mutual partnerships,” Mr. Ablakwa said.
The zero-tariff policy, introduced by China under the Forum on China-Africa Cooperation (FOCAC), seeks to strengthen trade between Africa and Asia by offering duty-free access for selected African products entering the Chinese market.
Mr. Ablakwa noted that the Ministry of Foreign Affairs is working with the Ministry of Trade and Industry, the Ghana Export Promotion Authority, the Association of Ghana Industries, and other partners to ensure Ghanaian businesses are prepared to leverage the opportunity.
He emphasized the need for strategic coordination across state agencies and private sector players to ensure awareness and readiness to meet export standards.
“Our focus will also be to deepen economic and business relations not only with China but with countries in the Middle East and Asia, while expanding intra-African trade through the African Continental Free Trade Area (AfCFTA),” he added.
The minister reaffirmed Ghana’s commitment to South-South cooperation and urged a unified approach to seize emerging opportunities in the global marketplace.
The Made-in-Ghana Bazaar serves as a platform to showcase locally manufactured goods and encourages Ghanaians to support indigenous industries.
