Audio By Carbonatix
The Deputy US Trade Representative has downplayed the threat of China to American commercial interests in Ghana.
The last few years has seen an increase in Chinese influence politically and economically here in Ghana and Africa as a whole as they enter into strategic partnerships that would guarantee them access to natural resources.
Analysts say China's growing influence is at the expense of the US. But Demetrios Marantis who ended a recent visit to Ghana last week disagrees.
He said China’s participation in Ghana was positive even for the US in that, China invests in infrastructural development in the country and that bolster Ghana’s ability to export to the US.
Good infrastructure can only improve Ghana’s export potential, he stated.
China, according to recent figures is giving out more money to Africa than the World Bank and President Mills also recently brokered a multi-billion dollar loan deal with the Chinese government which many believe is in return for Ghana's crude oil.
Meanwhile Joy Business has learnt a number of the country’s development partners were riled recently when during the President’s state of the nation address, he made mention of the Chinese and none other despite the various forms of assistance extended to the country.
Source: Joy News/Ghana
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Aksa bribery scandal: Ghana’s probe must be pursued with speed – Dafeamekpor
16 minutes -
Samson’s Take: When religion threatens peace, sanity must prevail
47 minutes -
Friendship: Why time matters less than continuity
56 minutes -
Africa’s AI moment: They say data is the new gold. But who is drilling it?
57 minutes -
Ghana delivers strong performance in retail market in half-year; value up 15.6% – Maverick Research
1 hour -
The world’s oldest president left for a ‘brief stay’ in Europe. He hasn’t returned in two months
1 hour -
Parliamentary committee commends GIPA’s investment drive, backs key reforms
1 hour -
Livestream: Newsfile discusses AKSA energy deal, legal vacation and GoldBod losses
2 hours -
Jason Arday: 10 things you may not know about British-born Ghanaian former Cambridge professor found dead at 41
4 hours -
KNUST partners with government to manufacture locally-made agricultural machines and smart traffic lights
4 hours -
Government to add constitutional referendum to 2027 District Assembly elections
5 hours -
Ambassador Nancy Sam meets South Africa’s Thanda to strengthen Africa tourism collaboration
5 hours -
Government disburses GH¢23.1 billion to clear road contractors’ arrears – Roads Minister
6 hours -
NPP Ashanti elections: 1,020 delegates to choose 11 regional executives
7 hours -
Galamsey: ‘Challenge is prosecution, not arrest’ — Lands Minister
7 hours