Ghana, China bilateral trade said to hit $5.4b in 2012

Chinese officials say, bilateral trade between Ghana and China has hit $5.43 billion in 2012.

The Chinese ambassador to Ghana, Gong Jianzhong has been cited elsewhere to have said that bilateral trade between the two countries went up 56.5 percent from the 2011 figures of $3.47 billion.

In 2011, however, even though, Ghanaian exports to China grew by 150%, the total value was only $400 million, no figures are available for 2012.

Meanwhile, Chinese investment and development aid to Ghana totaled $13.96 billion between 2000 and 2011, according to global research firm Open Data for International Development (AidData). It said Ghana received the official aid between 2001 and 2011. This makes Ghana the second biggest receiver of Chinese aid in West Africa after Nigeria which had $16.43 billion, according to the data released in April 2013.

By Emmanuel K. Dogbevi