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
-
When the gold engine stutters: What Ghana’s Cedi and reserves are telling us about the new economic architecture
58 seconds -
Two reportedly die after being trapped in mining pit at Juaboso
11 minutes -
Petrosol cleans up Wa Municipal Hospital, to donate medical equipment
12 minutes -
KiDi brings the hits to London in sold-out UK headline concert
40 minutes -
The last goodbye of Ghanaian shot dead in the US
58 minutes -
MCC opens door to Ghana again as MiDA revives development partnership
1 hour -
CSIR moves to turn scientific research into jobs, national growth
1 hour -
More patrons troop in as 3rd Republic Bank-JoyNews Habitat Fair clinic enters final day stretch
1 hour -
German, Russian foreign ministers hold rare talks amid rising tensions
1 hour -
Gov’t to develop policy for Ghanaian Sign Language in education
2 hours -
Accra Academy defend ODADEƐ ’90 5-a-side title
2 hours -
Ghana risks EU gas market access over methane emissions – Expert warns
2 hours -
Salt Pond’s $200m warning: Why Ghana cannot afford to exclude Fisheries Commission from future decommissioning
2 hours -
Venezuela frees 39 political prisoners after post-Maduro talks
3 hours -
GoldBod financing model faces test as cedi, reserves come under pressure – Gideon Boako
3 hours