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Ghana and China sign US$30 million grant agreement for Damongo University

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Ghana and China sign US$30 million grant agreement for Damongo University

Ghana and China sign US$30 million grant agreement for Damongo University

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Finance Minister and Acting Defence Minister, Dr. Cassiel Ato Forson, has received the outgoing Chinese Ambassador to Ghana, H.E. Tong Defa, in a meeting that highlighted the strong bilateral relations between Ghana and China.

During the visit, the two countries signed a US$30 million grant agreement to support the construction of a university in Damongo, located in the Savanna Region.

Speaking after the meeting, Dr. Forson thanked Ambassador Tong on behalf of President John Dramani Mahama and the people of Ghana for his service and dedication to strengthening Ghana–China relations.

He also emphasized the need to reduce exchange losses in bilateral trade, suggesting that it is logical for trade between Ghana and China to be increasingly settled in their respective local currencies.

Dr. Forson wished Ambassador Tong Defa well in his future endeavours and expressed optimism for the continued strengthening of Ghana–China relations.

Tags: ChinaGhanaUS$30 million

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