Ghana secures $30million grant from China

The Government of Ghana and the People’s Republic of China have signed a grant agreement for the construction of a modern market in Aflao, fulfilling a key campaign promise made by President John Mahama during the 2024 elections.
The signing ceremony took place on July 7, 2025, at the Ministry of Foreign Affairs in Accra.
The agreement was signed on behalf of Ghana by the Minister for Foreign Affairs and Regional Integration, Samuel Okudzeto-Ablakwa, while the Chinese Ambassador to Ghana, His Excellency Tong Defa, signed on behalf of the Chinese Government.
Acting on the express instructions of President Mahama, the funds will go toward building a state-of-the-art market complex in Aflao, aimed at transforming the local economy and reinforcing Aflao’s strategic position as a major West African trading hub.
The Aflao market project follows a precedent set during the Mills-Mahama administration, when a similar Chinese grant funded the construction of the iconic Kotokuraba Market in Cape Coast.
Once completed, the new market is expected to boost cross-border trade between Ghana and Togo, strengthen linkages with the Ho and Lomé markets, and improve livelihoods across the Volta Region.
The Minister say the project reflects Ghana’s commitment to deepening infrastructure development through strategic partnerships, while delivering on President Mahama’s vision of inclusive economic growth and regional integration.T
Source: Classfmonline.com/Cecil Mensah
Trending Business
ECG overhaul yields massive results – John Jinapor
11:35University of Ghana, ADB explore strategic collaboration
03:05Central Regional fishermen demand immediate reintroduction of closed fishing season
02:21Global lithium prices collapse prompt gov't to reassess Ewoyaa Lithium project
02:04E&P and Azumah Resources dispute poses economic, legal and political risks - Minority
01:23SSNIT, employers call for stronger collaboration to sustain pension scheme
14:30We inherited over US$ 1.7 billion debt owed to IPPs: Energy Minister
00:56Mahama pledges 70% world market price for Cocoa farmers
13:18Gov't starts collection of 'D-Levy' today
08:52Influx of unapproved meters affecting revenue of utility companies-PURC
11:29