China has ramped up its economic engagement with Africa, injecting more than USD 22.85 billion in fresh investments and funding.
It has also posted a record-high trade volume of USD 134 billion within the first five months of 2025 alone.
Mr Tong Defa, Chinese Ambassador to Ghana, disclosed this during a quarterly media briefing at his residence in Accra on Wednesday.
The press interaction forms part of the Embassy’s regular engagements with the Ghanaian media to share updates on China-Ghana and China-Africa relations.
According to Ambassador Tong, China provided RMB 13.3 billion (approximately USD 1.85 billion) in new investments and RMB 150 billion (approximately USD 21 billion) in development financing to the continent since the last Forum on China-Africa Cooperation (FOCAC) Summit.
He noted that China’s total imports and exports with Africa reached RMB 963 billion (USD 134 billion) between January and May 2025.
This marked a 12.4 per cent increase year-on-year and the highest ever for the same period.
At the FOCAC coordination meeting, China announced plans to offer zero-tariff treatment to 100% of tariff lines from 53 African countries with diplomatic ties, under the proposed Agreement on Joint Development Economic Partnership.
China will also expand market access for Africa’s least developed countries and continue to implement 10 key partnership initiatives across industrialization, health, education, and digital economy.
Source: Linkedin