President Akufo-Addo says Ghana is aiming to replicate China’s development model, which has seen her, over the last three decades, creating progress and prosperity for the masses of the Chinese people.
According to President Akufo-Addo, “we are witnessing, today, how China’s aggressive development of the market economy, on the wheels of industrialization, in this new era of “Socialism with Chinese Characteristics”, has lifted some half a billion people out of poverty, creating the world’s largest middle class in the process.”
Ghana, the President said, is “inspired by this model, and are trying to replicate same, through, inter alia, our industrialization policy of “1-District-1-Factory”, and an increase in agricultural productivity through the programme for ‘Planting for Food and Jobs’.”
He made this known on Tuesday, 4th September 2018, when he addressed the roundtable meeting of Presidents and Heads of State at the 3rd Summit of the Forum on China Africa Co-operation (FOCAC), in Beijing, China.
Congratulating His Excellency Mr. Xi Jinping on the holding of the Summit, President Akufo-Addo noted that both sides of the aisle, i.e. China and Africa, recognize that a win-win situation for their respective peoples is the desired outcome.
With China being Ghana’s largest trading partner, and, indeed, for the majority of countries in Africa, the President noted that the continent is grateful for the support, i.e. financial and technical, given to African countries over the years, and implementation of the commitments made by China at recent FOCAC Summits, which have benefitted the peoples of our continent considerably.
“We believe that the ‘Belt and Road Initiative’, proposed by President Xi Jinping, will further intensify Chinese commitment to Africa’s development. Last night’s message from President Xi, in his opening statement at this Summit, involving the allocation of a comprehensive package of support for Africa’s development, including a $60 billion fund, is a powerful reinforcement of that commitment,” he said.
The President continued, “I have urged others not to ignore Africa, and I am glad that China is, most certainly, not ignoring our continent.”
With the World Bank projecting that six of the world’s ten fastest growing economies this year, including Ghana’s, are in Africa, he indicated that the continent is rich in natural resources, and in possession of nearly 30 percent of the earth’s remaining mineral resources.
To this end, President Akufo-Addo stressed that the resolve of his Government is to build a value-added, industrialized economy with a modernized agriculture, trading in the global marketplace on the basis of things it makes, and chart its own self-reliant, independent path within the world economic order.
“We believe that effective co-operation with China will help us attain this goal. Indeed, we want our relations with China to be characterized by an increase in trade and investment co-operation, and not by the export and import of raw materials,” he said.
This, he believed, is the way to develop healthy relations between Ghana and China, and, thereby, put Ghana at the high end of the value chain, and create jobs for the teeming masses of Ghanaians, particularly the youth.
President Akufo-Addo, in conclusion, told his colleague Presidents that “we are determined that this new era of Ghana-China and Africa-China relations will reaffirm the principles of solidarity, mutual trust, and respect, which have anchored those relations, and which will assist us to deliver progress and prosperity for our peoples.”