- Ghana’s ambassador to China, Edward Boateng, has encouraged Ghanaian exporters to consider directing goods to China
- He explained that the decision could reap huge returns for the exporters
- According to him, the Chinese are in dire need of cocoa products and cash crops such as cashew nuts and soybeans
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Ghana’s ambassador to China, Edward Boateng, has called on Ghanaian business officials to consider exporting products to the Asian country.
According to him, diversification of operations to the country could prove beneficial to exporters.
YEN.com.gh understands that China has, over the years, served as a major destination for Ghanaian products.
READ ALSO: Expert reveals COVID-19 has reduced mortgage and housing deals by 50%
It has, however, been hit hard by the outbreak of the coronavirus and Boateng is convinced Ghanaian exporters can diversify business operations there as there are opportunities present in the country.
Per a citibusinessnews.com report, he added that most Chinese are in dire need of cocoa products and cash crops such as cashews and soybeans.
Information available shows that trade volumes between Ghana and China reached $7.3 billion in 2018.
Boateng went on to say that Ghanaian cocoa farmers would be better off if 1% or 2% of China’s population consume products made from the cash crop.
In other news, YEN.com.gh has learned that Ghana Reinsurance Company Limited, also known as Ghana Re, has paid GHc9 million as dividends to the government.
This was after it recorded GHc253.37 million as its gross premium income for the year 2019.
The amount is a 23.2% increase compared to the preceding year in which the company recorded GHc205.66 million as its income.
READ ALSO: SEC hints at plans of introducing crowdfunding in Ghana
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