Entrepreneurs to benefit from Ghana-China credit line

The Ghana-China Business Chamber of Commerce will provide a credit line of $ 3.3 million to young entrepreneurs in Ghana to support the entrepreneurial dreams of young Ghanaians engaged in import and export business and small and medium enterprises.

While speaking to local reporters on Friday, Liu Wenmin, the vice-chairman of the chamber, explained the financial assistance would help as many young people in the country as possible.

"We want business-oriented young Ghanaians to thrive and accelerate their determination to develop various businesses. This support for the young local businesspeople will reduce the cost of imported goods in the country," Liu said.

"There are many Chinese factories ready to supply these young businesspeople in Ghana as quickly as possible to enable businesses in the country to flourish."

At present, the Ghana-China Business Chamber of Commerce has more than 70 member enterprises, mainly from large state-owned enterprises, local state-owned enterprises and private enterprises, covering trade, contracted engineering, fisheries, services, communications, manufacturing, medicine and other fields.

The chamber not only provides members with a wide platform for communication and exchange, but also shares much-needed information detailing business opportunities while promoting interaction between Chinese and Ghanaian business communities to boost cooperation between China and Ghana in many fields.

Liu believes with resources like working capital to startups and small and medium enterprises, young entrepreneurs would be able to select good products from factories in China in the trade process and set up their own factories in Ghana to create more employment opportunities.