Akufo-Addo lauds Chinese govt for assistance in securing IMF funds for Ghana

President Nana Addo Dankwa Akufo-Addo has lauded the Chinese government for its assistance in securing a three billion dollar IMF bailout for Ghana.

While expressing Ghana’s appreciation to China’s departing Ambassador, Lu Kun, the President commended his efforts in bolstering diplomatic, trade, and investment ties between the two nations.

During a farewell meeting, President Akufo-Addo highlighted Mr. Kun’s role as Co-Chair of Official Creditors within the G20 Common Framework, his contribution to elevating trade volumes to over 11 billion dollars, and his support in funding projects like the Jamestown Fishing Harbour.

Since assuming office in Ghana in 2021, bilateral relations between Ghana and China have significantly strengthened over the past three years.

Trade between the two countries has surged to a historic high of 11 billion dollars, with Chinese investors undertaking numerous development initiatives.

Lu Kun has been pivotal in Ghana’s negotiations with Official Creditors under the G20 Common Framework, particularly in securing comprehensive debt treatment beyond the Debt Service Suspension Initiative, a crucial aspect of Ghana’s IMF program.

Moreover, during his tenure, Beijing provided financing for key infrastructure projects such as the Jamestown Fishing Harbour, the Tamale Interchange, and the second phase of the University of Health and Allied Sciences.

President Akufo-Addo expressed Ghana’s profound gratitude to Mr. Kun for his service during his tenure, stating that Ghana will always remember and appreciate his steadfast support.

In turn, outgoing Chinese Ambassador Lu Kun expressed his appreciation for the support he received during his time in Ghana, reflecting on the various projects undertaken during his tenure.

Mr. Lu Kun is now returning to China following his retirement.