China says its investment in Africa exceeds $100b

China says its investment in Africa has exceeded $100 billion, as the country plans to strengthen its bilateral relations with Ghana in a meeting set for next month.

The two countries will exchange ideas on national development strategy and the formulation of blue-prints to guide and prosper their future relations when President Nana Addo Dankwa Akufo-Addo honours President Xi Jinping’s invitation for a State-visit to China, next month.

The Chinese Ambassador to Ghana, Mr Shi Ting Wang, who announced this at reception, in Accra, said the arrangement formed part of the Beijing Summit of the Forum on China –Africa Cooperation, (FOCAC), which he described as ‘a new milestone in China-Africa Relations’.

The reception was also in honour of more than 300 Ghanaian students, who have won scholarships from both the Chinese Government and Chinese universities to pursue Bachelor, Master’s and Doctoral Degrees in Medicine, Agriculture, Soft-Ware Engineering and several other fields.

Ambassador Shi said: “The Summit will combine the joint construction of the Belt and Road Initiative between China and Africa, the 2030 Agenda for Sustainable Development of the United Nations and the Agenda 2063 of the African Union with the development strategies of various African countries, and launch new strategies and new measures to strengthen all-round cooperation between China and Africa”.

Under the theme: “Win-Win Cooperation”, Ambassador Shi said the Summit was aimed at opening new opportunities and new horizons for the development of China-Africa comprehensive strategic cooperative partnership, while building ‘a closer community of a shared future between China and Africa.’

“Regardless of how the international situation changes in the future, China will continue to uphold its African policy featuring sincerity, concrete results, affinity, and good faith and the policy of upholding justice and pursuing shared interests,” he stated.

“Driven by the boom of China-Africa cooperation, more and more Chinese companies are investing in Africa. Since 2009, China has become Africa’s biggest trading partner for nine consecutive years, and China’s investment in Africa has accumulated to more than $100 billion.”

Leaders and representatives of more than 50 African countries are expected to participate in the Beijing forum, but only a few, are being considered for the State Visit.
Ambassador Shi said Ghana’s inclusion was an indication of the special relations between the two sides.

On education, he said both Presidents believed in the transformative power of knowledge and the necessity of investing in the citizenry, and pledged China’s continued support towards developing Ghana’s human resource base.

More than 6,500 Ghanaian students are, at present, studying in China, thus Ghana ranking top among all African countries, for four consecutive years; while by the end of last year, 1076 Ghanaian students had won the Chinese Government Scholarships.

China was awarding more scholarships to Ghanaian students than any other country, Ambassador Shi said, while emphasising that with the Asian giant becoming the second largest economy in the world, its graduates stood a better chance of accessing job opportunities and becoming entrepreneurs.

“Many of them have achieved academic success and have used their knowledge learned in China to promote economic and trade cooperation, cultural exchanges between the two countries,”

“Ambassador Shi said. “They have become the backbone of the development of Ghana”.
In Ghana, he observed, thousands of students had developed an interest in the Chinese language and culture, hence their enrolment at the two Confucius Institutes.

“Just this month, Mr. Duncan Acorlor, a student of the University of Ghana won the second prize and the most popular contestant online in the finals of the “Chinese Bridge” Chinese Proficiency Competition, which was just concluded in Hunan Province, China.

China is also assisting Ghana to develop its educational infrastructure, having helped with the establishment of primary schools in remote areas and the New Century Careering Training Institute in Accra.

The Chinese Embassy has also built 11 China-Ghana Friendship Information and Communication Training Classrooms in eight regions to provide children in rural and remote areas with access to the internet.

Dr Matthew Opoku-Prempeh, the Minister of Education, lauded China for its immense support to the sector, especially in strengthening technical and vocational education, the Distance Learning Programme at the University of Ghana and the University of Health and Allied Sciences (UHAS) Ho.

In the speech read on his behalf by Mr Enoch Cobbinah, the Chief Director of the Ministry of Education, the Minister said, plans were underway to secure funds for the rehabilitation of 13 technical and vocational institutions and five technical universities.

China was also in the process of granting aid to develop the Second Phase of the UHAS, which he said, would be thrice bigger than the First Phase.

Additionally, Dr Opoku-Prempeh said, between 2010 and 2018, short-term scholarships had been awarded to more than 600 staff of the Ministry and its agencies to pursue courses in Education Management, Policy Planning, Technical Education and Technical and Vocational Education.

He urged the scholarship awardees to return home immediately after their studies to contribute their quota towards national development.

Mr Kingsley Agyemang, the Registrar of the Scholarship Secretariat, said it was worthy that Ghana’s relations with China was getting stronger by the day.

The Secretariat, Mr Agyemang said, was working with the Association of Ghana Industries (AGI) to create a labour bank so that industrial and business concerns could easily source the requisite manpower for growth.

Mr Acorlor delightedly shared his experiences as a student of Chinese and Political Science in Ghana and also China; as well as those of the competitions.

He urged the awardees to experience the social, cultural and economic lives of China and also sell Ghana to China to make their stay beneficial to both themselves and Ghana.

Source: GNA

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