We have China strategy – Govt

 Mr Oppong Nkrumah

Mr Oppong Nkrumah

The government has outlined its strategy for dealing with China drawn out of an eight-year programme.
It is principally focused on tapping into China’s resources that fit into the nation’s development agenda.

Information Minister-designate, Kojo Oppong Nkrumah, highlighted the strategy while engaging co-panellists at a forum on ‘Ghana-China relationship-After China, What Next?’

He outlined nine strategic areas in the government’s coordinated programmes which sync with China’s global agenda.

According to Mr Oppong Nkrumah, “they include industrial transformation, agricultural and rural development, transportation (roads, aviation, ports/harbours among others), human settlement and housing.

“Others are greening the environment, promoting international trade, investment, poverty, inequality, health and health services, promoting culture for national development, improving human security and public safety.

“The strategy is to find global partners that are best-fit to partner the nation in mutually beneficial arrangements while those areas are priority for us, we find China is also in need of some opportunities which we have and has the ability to supply what we need.

“It becomes logical to deal with the Chinese, what remains are how we engage with them, we have a four-prong strategy with which we are engaging the Chinese.

“The strategy is led with a partnership-focus, desire to mitigate the risks of doing business with China, to get value for money, knowledge transfer and increased agro-based exports to China.

“It also factors into soft matters like how Chinese do business, there are differences in how the Chinese do business and how Japanese do business, in the new engagement we have with China, we have risk management team which understands Sino transactions to guide our negotiations, follow through project closure and execution.

“We have also included up to about 90 Sino-Ghana business people and a minimum of 30 per cent local content mandate which ensures knowledge transfer and partial retention of capital in the country.

“The real focus now has to be the ability to follow through and execute in accordance to the strategy. I’m glad we have broken the myth we don’t have a strategy, the focus now has to be examining the depth, robustness of the strategy and follow through for effective execution.
“Let’s all move from the sweeping statements that ‘we don’t have a strategy’, each of us read the strategy and hold our team to full execution”, Mr Oppong Nkrumah stressed. –classfmonline.com

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