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China- Ghana Bilateral Trade at Record High

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China- Ghana Bilateral Trade at Record High

(3 Minutes Read)

Trade between the two countries has witnessed steady growth over the years, driven by Ghana’s exports of raw materials such as gold, cocoa, and oil, alongside China’s supply of machinery, electronics, textiles, and construction materials. 

Bilateral trade between Ghana and China reached a historic high of USD 11.84 billion in 2024, underscoring China’s position as Ghana’s largest trading partner. It also highlights the expanding scope of economic collaboration across multiple sectors.

Trade between the two countries has witnessed steady growth over the years, driven by Ghana’s exports of raw materials such as gold, cocoa, and oil, alongside China’s supply of machinery, electronics, textiles, and construction materials.

The 2024 trade figures represent a notable increase from previous years, reflecting the strengthening commercial ties fostered through mutual investments and strategic agreements under the Belt and Road Initiative (BRI) and the Forum on China-Africa Cooperation (FOCAC).

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China remains the powerhouse for global growth and transition, with GDP reaching almost 135 trillion yuan (approximately US$18.5 trillion), increasing five per cent and contributing 28 per cent to global growth.