Experts urge govt to tread cautiously on Chinese dealings

 Prof Bokpin

Prof Bokpin

Experts have urged the government to come out with a clear policy detailing the strategy guide to its dealings with China.

In furtherance of that, the country must tread cautiously in order not to hurt its relations with the West.

Ghana, as many African countries, have for decades depended largely on Europe and America for economic partnership agreements.

The pendulum, however, appears to have swung towards the East and China in particular, which is currently said to be the largest manufacturing economy and exporter of goods.

The Chinese economy is also the world’s second largest by nominal GDP and the world’s largest economy by purchasing power parity.

They are Professor Godfred Bokpin, Immediate past Head of the University of Ghana Business School, John Esiape, Council Member of Labour Policy International and Dr Vladimir Antwi Danso, Dean of the Ghana Armed Forces Command and Staff College.

However commenting on the recent partnership agreements between the two countries, Prof Bokpin cautioned the government against falling hook, line, and sinker to China’s trade agreements adding that “we can’t trust them [China] at certain points.

“China is using its financial resources to win the love of the rest of the world especially Africa because the latter is abound with natural resources needed by the Asian country to fuel its development agenda,” he noted.

Mr Esiape stressed that the country should be mindful of apparent trade wars between nations considered as economic powerhouses to avoid adverse decisions due to its affiliations with countries considered foes.

“When you look at the international scene now, there’s full fledge or almost trade war, our leaders are getting involved in the deal, we should be mindful of our relationship with the rest of the world.

“We should be mindful of the unemployment situation in this country and the local content policy should be key and how we create jobs for the youth of this country is very important,” Mr Esiape pointed out.

Dr. Danso indicated that the government should focus more attention on enticing the Chinese to set up manufacturing plants in the country rather than the exporting finished goods into the country.

“We need sustainability of the projects we are going to have with China, the only way we will benefit from the Chinese is to be cautious with relationship with China,” Dr Danso said. –myjoyonline.com

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