Tuesday, August 20, 2013

China-Ghana Relationship

Consultancy Africa Intelligence, a for profit African information and intelligence portal,  published on 12 August 2013 an analysis titled "Chinese Money for Ghana's Natural Resources: The Real Cost."  Written by Samuel Amanor, it investigates the emerging economic relationship between China and Ghana.

The article concluded that China has contributed to the collapse of Ghana's manufacturing sector; the proliferation of small arms in gold mining cities as a result of illegal mining activities; and increased unemployment due to the export of Ghanaian jobs to China through over-reliance on Chinese goods and services.

On the other hand, the majority of Chinese companies and entrepreneurs are investing legally across many sectors.  China presents Ghana with an alternative trade and developmental partnership which, if properly managed, has the potential to transform Ghana's citizenry to middle income status.  Just as Ghana has served as a market for Chinese goods, so too does China represent a huge market for Ghanaian consumer goods.

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