Chinese businesses urged to invest in Volta Region

Mr Wang Jinxiao, Chairman of Sunon Asogli Power (Ghana), has called upon Chinese businesses operating in Ghana to recognize the Volta Region as a prime destination for investment. He emphasized that the Volta Economic Forum's shift from showcasing opportunities to executing investments was a crucial step towards transforming Ghana's vast potential into tangible economic growth.

Mr Wang delivered a goodwill message at the Forum, highlighting the region's significant human, agricultural, industrial, tourism, and energy potential. The strategic location, natural resources, coastline, and proximity to neighboring markets make the Volta Region an attractive prospect for Chinese businesses. He urged the Chinese business community to move beyond viewing the region as a mere venue for presenting investment opportunities, urging them to establish businesses, develop industries, create jobs, and support communities.

Properly executed investments, according to Mr Wang, generate broader benefits, including demand for local services, skill development, support for local businesses, job creation, and overall economic contribution. He stressed that investment should go beyond merely attracting capital; it should focus on building local capacity, facilitating technology and knowledge transfer, job creation, and sustainable development.

This approach aligns with Ghana-China economic cooperation's broader objectives. Mr Wang further highlighted China's upcoming zero-tariff treatment for African countries, effective from May 1, 2026, as a promising opportunity for Ghana to enhance its productive capacity, add value to its natural resources, and develop competitive businesses in Chinese and international markets.

He advocated for stronger collaboration among government, private sector, communities, traditional authorities, and development partners. He concluded by encouraging Chinese enterprises to "come and invest, come and build, and come and partner" with Ghanaian businesses and communities, emphasizing that such collaboration will create lasting value and contribute to the Volta Region and Ghana's development.