President John Dramani Mahama has revealed that Ghana and China are on track to conclude a zero-tariff trade agreement by the end of October 2025.
Speaking at the Presidential Investment Forum in Beijing, President Mahama described the forthcoming deal as “an act of solidarity” from the Chinese government, adding that it will significantly enhance Ghana’s export potential and industrial development.
He explained that the zero-tariff policy would create major opportunities for Ghanaian exporters, agro-processors, and manufacturers, granting them broader access to the vast Chinese market.
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“Between 2020 and 2024, China’s exports to Ghana grew by nearly 46%, while Ghana’s exports to China increased by over 11%. China’s decision to grant zero-tariff access to Ghanaian and African products reflects confidence in our partnership and opens new markets for our businesses,” he stated.
President Mahama further announced that both governments had already reached an agreement in principle and were working to finalise the terms before the end of October.
“I’m happy to inform you that we have agreed in principle and are targeting the end of October to sign off on the zero-tariff framework. I commend the Government of China for this act of solidarity,” he added.
According to Chinese officials, the expansion of Beijing’s zero-tariff initiative to cover all 53 African countries, including Ghana, forms part of efforts to strengthen Sino-African economic cooperation and promote fairer global trade relations.
Story By: Afia Ohenewaa Akyerem