Aid, trade and foreign direct investments typify China’s global rise and its African activities. Contemporary China-Ghana relations follow a similar script with the Bui Dam playing a crucial role in the narrative. The 400-megawatt dam was completed by China’s Sinohydro Corporation in 2013. It was part of the Volta River Project which delivered the Akosombo and Kpong dams in 1965 and 1982. The US government and World Bank funded the Akosombo and Kpong dams. Another conspicuous dimension of growing China-Ghana relations is the surge in Chinese migrants to Ghana and vice versa. Although the Ghana Immigration Service does not make public the number of Chinese migrants, some academics have pegged the numbers at about 30,000, a number that’s much larger than the estimates of two decades ago. Ghana has emerged as the African country with the most students in China. These commercial and associated activities and exchanges will continue to deepen with the Belt and Road Initiative. Ghana signed on to the initiative in 2018 and has already negotiated a $2 billion deal enabling Sinohydro to provide infrastructure, such as roads and bridges, across the country in exchange for refined bauxite.
SOURCE: THE CONVERSATION
More Stories
Tough Times Lie Ahead for Banks in Africa
The Most Prominent Challenge Female Entrepreneurs Face across Sub-Saharan Africa
Egypt to Raise Transit Fees in 2023 for all Types of Vessels Passing through the Suez Canal
Malawi Remains the World’s Poorest Peaceful Country
AfDB On How South Africa Should Use its Climate Funding
Can Nigeria’s National Carrier Rise from the Ashes?
Africa’s Top Mobile Internet Speed Falls Short of the Global Average
South Africa’s Latest Rolling Blackouts Takes its Toll on Fundamental Sectors of the Economy
Rallying Around Zimbabwe’s Economy
African Currencies are Depreciating against the Dollar
Movie about a Malawian Farmer and her Efforts to Change Minds in her Village and in the US
DRC’s Urban Regeneration