Implications of China’s Rising Influence in Africa: A Case Study of Ghana, focusing on Trade, Investment and Aid

During the last two decades, the political and economic bond between China and Africa has deepened greatly in the areas of trade, FDI, and Aid generating extensive interest and discussions within the academia, international trade practitioners, and investment analysts about the implications of this development for both Africa and the global system. The study explains the empirical and theoretical literature on trade, FDI, and aid. Whereas some scholars believe that China's footprint in Africa is for exploitative purposes or has a neo-colonialist undertone, others view it as a genuine desire by China to support Africa’s quest for economic development and growth. The study uses Ghana as a case study, and attempts to fill a knowledge gap by evaluating the characteristics and motivations of Chinese companies either as state-owned or private enterprises coming to partner Ghana. The study also assesses the impacts of the partnership on the Ghanaian economy. Using both qualitative and quantitative data from trade, FDI, and aid; and supported with graphical illustrations, the findings from the study do not support the theories that China-Ghana co-operation has been exploitative or was borne out of neocolonialist ambitions of China. The study highlights some of the visible impacts on Ghana’s economy through the partnership and concludes with recommendations to policy makers on how to create even competitive business environment to consolidate the gains from the co-operation.

China, Ghana, Co-operation, Trade, FDI, Aid, Exploitative, Neo-colonialist

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