
Audio By Carbonatix
Member of Parliament for New Juaben South Constituency, Michael Okyere Baafi, says Ghana does not necessarily need zero-tariff access to the Chinese market as being offered by the Chinese government to Africa.
The Ranking Member of the Trade and Industry Committee proposes that the government should instead take advantage of the African Continental Free Trade Agreement (AfCFTA), which has been signed by 54 out of 55 African countries.
"As we speak now, about 80% of the African market has not been exploite. We must trade among ourselves," he said.
He believes that increased trade among African countries would build a more resilient continent than continued reliance on Western markets.
President Mahama announced at the 2025 China–Africa Summit that Ghana is set to sign a zero-tariff access agreement with China by the end of October 2025, providing duty-free access for Ghanaian products to the Chinese market.
President Mahama’s statement follows an offer made by the Chinese government at the summit in response to the United States’ decision to impose a 10% tariff on African exports to the American market.
As a result, China has opened its market to Africa for trade without restrictions.
Meanwhile, the Ranking Member says the decision is not in Africa’s best interest and could undermine progress made toward advancing intra-African trade.
Speaking to the media in response to President Mahama’s announcement, Mr. Okyere Baafi noted that China’s exports to Ghana increased by 46% between 2020 and 2024, while Ghana’s exports to China grew by only 11% within the same period.
He indicated that China stands to benefit significantly more under such arrangements, describing the deal as imbalanced and non-reciprocal.
The Ranking Member urged the government to leverage the existing free trade framework among the 54 African countries under the African Continental Free Trade Agreement (AfCFTA) to promote Ghanaian products, rather than entering into trade deals that may not serve the long-term interests of local manufacturers and exporters.
Latest Stories
-
A plane crashed into a tower in Beijing but China is not saying what happened
45 minutes -
Beyond Gold: Why Ghana must build strategic national reserves for the next global crisis
53 minutes -
South Africa’s anti-migrant protesters march nationwide, after thousands flee violence
2 hours -
Ebola outbreak could cost Africa up to $3.6 billion, UN says
3 hours -
Bayer’s $7.25 billion Roundup settlement gets August hearing date
3 hours -
TikTok to settle with teen plaintiff before California social media trial, law firm says
3 hours -
Mbappe scores twice as France breeze past Sweden into last 16
3 hours -
Chinese tycoon sentenced to 30 years in US jail
3 hours -
Apple says it is releasing updates early in response to AI cybersecurity concerns
3 hours -
Boeing says IT outage affected computer systems, applications
3 hours -
AC Milan sign PSG’s Portugal striker Ramos for £60m
4 hours -
Villa among four Premier League clubs fined by Uefa
4 hours -
Rosenior nears management return at Paris FC
4 hours -
Basketball superstar LeBron James to leave LA Lakers
4 hours -
Flooding in Accra – It’s all about leadership (or lack of it)!
4 hours