Africa-Press – Ghana. A memorandum of understanding (MOU) has been signed in Ho, between the Volta Regional Coordinating Council (VRCC) and the Belt and Road Environmental Technology Exchange and Transfer Centre (Shenzhen), China, to deepen investment opportunities between the two partners.
This MoU sets out a strategic framework for cooperation between VRCC and the Chinese partners from Shenzhen, focusing on: Promoting sustainable investment and green technology transfer.
It is also to facilitate trade and market access for businesses in the two regions; Support joint projects that stimulate inclusive economic growth and Advance the Green Belt and Road Initiative in Ghana through environmentally responsible development.
A thirteen-member group of government representatives from China, in addition to Chamber of Commerce and Enterprise agents from China, had Mr. Hao Mingtu, Director of the Belt and Road Environmental Technology Exchange and Transfer Center (Shenzhen) and the Mr. James Gunu, Volta Regional Minister signing the agreement.
Mr. Gunu, said this partnership is a significant step in positioning the Volta Region as a hub for sustainable investment, innovation, and international collaboration stating, “the Region is poised for action and open for business.”
He said the VRCC is composed towards creating a business ambience and job opportunities for the teeming youth of the Region and eagerly looking for partners that would add value to its multitudes of untapped resources for wealth creation.
The Minister touted the peaceful nature of the Region, a prerequisite he described was necessary to guarantee the safety of investors and investments and invited ‘would-bes’ to come to do business with them.
He said the Region represented a microcosm of larger Ghana, and comes with an accolade, “Visit Volta, Visit Ghana,” which underpins the geological and ecological strata of the country.
Mr. Gunu indicated that the VRCC was elated signing the MOU and believed that its outcome would turn-around the economy of the region on a win-win basis with its untapped resources in tourism, agriculture, industrialization and aqua-culture leading the pact.
The head of delegation, Madam Zhang Yali, Party Member and Deputy Director, Shenzhen Ecological Environment Bureau, said the Shenzhen Ecological Environment Bureau, B&RETTC and Enterprise delegation is here to Explore opportunities that will elevate the agreement to the next level.
She said Shenzhen, China’s economic engine, targets a 5.5% GDP growth in 2025—a steady goal reflecting its confidence amid global uncertainties. With a GDP of 5.2 trillion yuan (US$730 billion) in 2024 at a rate of 2.52 per cent and industrial output topping 5.4 trillion yuan, the city remains a national leader.
‘’Key drivers of this performance included strong growth in advanced manufacturing, such as automobiles and robotics, and a significant rise in the value of hi-tech products.’’
She said the city is a leading global technology hub and sometimes referred to as China’s Silicon Valley and responsible for reshaping the future as a digital pioneer and home to a world class tech companies including Huawei and Tansei.
The lead delegation said Shenzhen is a global standard model in business environment for four consecutive years and has special focus on greening biodiversity priorities with 1,000 parks dotted the city.
Madam Zhang hoped for a fruitful collaboration that would mutually benefit each side.
Dr Elikplim Apetorgbor, Volta Representative to the National Development Planning Commission (NDPC) indicated the MOU outcome was a deliberate initiative championed by NDPC as the Commissioner under the aegis of the Volta Economic Embassy and the Volta Economic Forum set out to create a bold and innovative platform to attract real investment for the region.
He said the partnership would accord exchange of knowledge, technology transfer, and promote investments that would support sustainable development in the region, adding Volta is open for business.
He said the Region is endowed with natural resources, fertile lands, hardworking people, and a unique geographical advantage has not been fully developed to translate into prosperity for the people.
Dr. Apetorgbor said the MoU signals a turning point – a bridge that connects Volta to new technologies, to new markets, and to transformative opportunities.
Let me emphasize this clearly: Volta cannot afford to miss it again. We are determined to seize this moment, to welcome investment, and to demonstrate that our region is a credible and ready partner for progress.
To consolidate the agreement, a second MOU was signed between the Ghana Chapter of GuangDong, Hong Kong, Macao Greater Bay Area Chamber of Commerce and the Belt and Road Environmental Technology Exchange and Transfer Centre (Shenzhen),
It is to serve as the engine of collaboration expected to drive, sustain and direct traffic of investors from China into the Volta region.
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