Kufuor woos Chinese investors

President John Kufuor has urged Chinese investors to come to Ghana with more technology as well as capital.

"We want Chinese people not only come to trade, but also bring know-how technology as well as capital, to share with us on the win-win basis," said Kufuor on Wednesday in Accra.

The president encouraged Chinese investors to be engaged in such areas as energy, mining, agriculture and aquaculture in his country, which is rich in gold, diamond, iron and other natural resources.

Kufuor, who is going to attend the Beijing Summit of the Forum on China-Africa Cooperation scheduled for Nov. 3-5, said he would maximize" the opportunity to woo Chinese investment to Ghana, an example of political stability and an investor-friendly country in west Africa.

"I want to talk with the Chinese government to come to Ghana with more projects. For instance we want to develop a hydropower project," he said.

A leading producer of cocoa in the world, Ghana would also seek cooperation with Chinese investors in its cocoa industry, he said.

Chinese investors have started up more than 200 businesses in Ghana's manufacturing, service industry, tourism, construction and agriculture sectors by March 2006, ranking the second among foreign investors in the country in terms of the number of projects.

The Beijing Summit will be held against the backdrop that China and Africa have constantly developed their relations over the past years. China released its African Policy at the beginning of this year, putting forward its proposals for all-round cooperation with Africa in various fields in the coming years.

Chinese President Hu Jintao and Premier Wen Jiabao visited 10 African countries in April and June this year respectively.