Ghana secures $30m Chinese grant to construct modern Aflao market

Ghana has secured a $30 million grant from the Government of China to finance the construction of a modern market in Aflao, in line with President John Dramani Mahama’s campaign promise during the 2024 general elections.

The signing ceremony for the grant agreement took place at the Ministry of Foreign Affairs in Accra on 7 July 2025. The Minister for Foreign Affairs and Regional Integration, Samuel Okudzeto Ablakwa, signed on behalf of the Government of Ghana, while the Chinese Ambassador to Ghana, His Excellency Tong Defa, signed for the Chinese Government.

According to Ablakwa, who shared the development on his social media pages, the project is a direct fulfilment of President Mahama’s commitment to the people of Aflao and forms part of efforts to strengthen economic infrastructure in key trading communities across the country.

Ablakwa noted that the new market is designed to be a modern trading hub that will not only transform the Aflao area but also create stronger links between the Ho and Lomé markets, ultimately boosting cross-border trade and improving livelihoods.

“The new befitting modern Aflao market is expected to boost economic activity, link the Ho and Lomé markets, and improve livelihoods in an enclave which is a major West African trading hub,” Ablakwa stated.

He further drew parallels to a similar Chinese grant used to construct the impressive Kotokuraba Market in Cape Coast during the Mills/Mahama administration, highlighting the long-standing cooperation between Ghana and China in infrastructure development.

When completed, the Aflao market is expected to provide a safe, well-organised, and modern trading space for thousands of traders, enhance regional trade integration, and reinforce Aflao’s role as a major commercial gateway in West Africa.

The latest grant underscores the continued strong diplomatic and economic ties between Ghana and China and represents another significant milestone in Ghana’s drive to improve local infrastructure and promote inclusive growth.

The post Ghana secures $30m Chinese grant to construct modern Aflao market appeared first on The Herald ghana.

Read More

  • Related Posts

    Every cent of Covid-19 funds was spent wisely, Finance Minister Nchemba says at CCM rally

    Finance Minister and Iramba Magharibi MP candidate Dr Mwigulu Nchemba has strongly defended the government’s management of Covid-19 recovery fundsRead More

    Every cent of Covid-19 funds was spent wisely, Finance Finister Nchemba says at CCM rally

    Finance Minister and Iramba Magharibi MP candidate Dr Mwigulu Nchemba has strongly defended the government’s management of Covid-19 recovery fundsRead More

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Business & Economy

    Safer Gaming for Africa Conference Holds

    Nigerian Pro League’s Eighth Season and Making of Esports Culture

    Truecaller Transforms Caller ID with AI

    Zinox Partners KongaCares to Computerise Schools

    PalmPay Champions Local Partnerships, Trust at GITEX Nigeria 2025

    Zoho Launches Product, Expands AI Suite with Agents Tools

    NCAA warns airlines about unruly passengers, outlines reforms

    NCAA warns airlines about unruly passengers, outlines reforms

    Sophos Births Initiative to Strengthen Cybersecurity

    Rotary Club Ewutuntun to Host District Governor of International District 9111

    WAEC extends registration for 2025 CB-WASSCE for private candidates to September 19 

    ARADEL reports N23 billion in trades as All-Share Index stages 4-day winning streak 

    NUPRC secures over $400 million for decommissioning liabilities – Official

    NUPRC secures over $400 million for decommissioning liabilities – Official

    NNPC Retail reports N395.5 billion loss in 2024

    NNPC Retail reports N395.5 billion loss in 2024

    OpenAI signs $300 billion cloud computing deal with Oracle 

    Nigeria Customs announces online CBT schedule for recruitment exercise nationwide 

    1 Million Computers: Zinox partners KongaCares to computerise schools 

    Larry Ellison dethrones Musk as world’s richest man after $101 billion net worth rise 

    Lagos Govt to demolish shanties under high-tension cables in Makoko 

    The 10 Nigerian CEOs who own the most shares in the listed companies they lead 

    Mele Kyari ‘honors’ EFCC ‘invitation’ over alleged fraud investigation at NNPCL

    Firstbank launches Firstmonie Merchant Solution to advance digital payments across nigeria

    TotalEnergies nears N4.5 billion loss in 2025, projects N2.2 billion Q4 decline 

    EFCC declares Emeka Ufomba wanted over alleged diversion of public funds 

    Nationwide blackout as Nigeria’s national grid collapses again 

    TD Africa and IBM Spotlight Digital Innovation at GITEX Nigeria 2025 

    Indigenous oil producer, Petralon proves community partnership drives business success 

    World’s richest: Larry Ellison gains $70 billion in 1 day, closes in on Elon Musk title 

    Euro: Naira strengthens to N1,765/€, boosted by French economic strain 

    Maximising business productivity with Mikano Power’s integrated power solutions 

    Raenest to Host Raenest Exchange 2025 in Lagos for Founders, Professionals, and Creators 

    The intrinsic value – market value vs real value. Takeaways for investor 

    GenCos pose biggest threat to NERC’s net billing plan as solar dims grid reliance in Nigeria – Energy expert Omonfoman 

    NUPENG, IPMAN suspend strike after agreement with Dangote Refinery

    NUPENG, IPMAN suspend strike after agreement with Dangote Refinery

    Reps summon Transportation Minister over urgent railway safety concerns in Nigeria 

    FG restricts NNPCL Tax Credit road contracts below N20 billion to indigenous firms 

    Taming the Inflation Headwind