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China Grants Ghana Additional ¥200 Million to Boost Development Projects

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President John Dramani Mahama has announced that China has approved an additional 200 million Renminbi (RMB) grant to support Ghana’s ongoing development projects.

In a Facebook post on Thursday, October 16, 2025, President Mahama said the new agreement was reached after bilateral talks with Chinese President Xi Jinping. The fresh grant adds to an earlier 200 million RMB facility, bringing China’s total recent support to ¥400 million.

Based on the Bank of Ghana’s interbank exchange rate as of October 15, 2025, one Chinese Yuan (CNY) traded at approximately GH¢1.5786, making the ¥200 million grant worth around GH¢315.7 million.

President Mahama explained that the funds would be used to construct the proposed Aflao Market and renovate the National Theatre in Accra.

> “The Aflao Market will be an important trading platform linking Ghana and Togo, and forms part of our Resetting Ghana Agenda,” President Mahama said.

 

He added that Ghana and China are also working to finalize a Zero Tariff Policy by the end of October to promote smoother trade between the two nations.

During the talks, both leaders discussed ways to promote responsible small-scale mining, expand trade and investment opportunities, and deepen cooperation in new economic areas.

President Mahama revealed that China has shown interest in Ghana’s 24-hour economy initiative and Green Transition policy, expressing readiness to collaborate with the government and private sector to advance these programmes.

He also reaffirmed Ghana’s commitment to the One China Policy and assured President Xi of Ghana’s support for what he described as “a new Global System of Governance” being championed by China.

According to President Mahama, these discussions are part of Ghana’s broader Resetting Ghana Agenda, aimed at strengthening partnerships and attracting foreign investment to drive national development.

China Grants Ghana Additional ¥200 Million to Boost Development Projects

 

President John Dramani Mahama has announced that China has approved an additional 200 million Renminbi (RMB) grant to support Ghana’s ongoing development projects.

 

In a Facebook post on Thursday, October 16, 2025, President Mahama said the new agreement was reached after bilateral talks with Chinese President Xi Jinping. The fresh grant adds to an earlier 200 million RMB facility, bringing China’s total recent support to ¥400 million.

 

Based on the Bank of Ghana’s interbank exchange rate as of October 15, 2025, one Chinese Yuan (CNY) traded at approximately GH¢1.5786, making the ¥200 million grant worth around GH¢315.7 million.

 

President Mahama explained that the funds would be used to construct the proposed Aflao Market and renovate the National Theatre in Accra.

 

 “The Aflao Market will be an important trading platform linking Ghana and Togo, and forms part of our Resetting Ghana Agenda,” President Mahama said.

 

He added that Ghana and China are also working to finalize a Zero Tariff Policy by the end of October to promote smoother trade between the two nations.

 

During the talks, both leaders discussed ways to promote responsible small-scale mining, expand trade and investment opportunities, and deepen cooperation in new economic areas.

 

President Mahama revealed that China has shown interest in Ghana’s 24-hour economy initiative and Green Transition policy, expressing readiness to collaborate with the government and private sector to advance these programmes.

 

He also reaffirmed Ghana’s commitment to the One China Policy and assured President Xi of Ghana’s support for what he described as “a new Global System of Governance” being championed by China.

 

According to President Mahama, these discussions are part of Ghana’s broader Resetting Ghana Agenda, aimed at strengthening partnerships and attracting foreign investment to drive national development.

General News

TikToker Camilla Alhassan Jailed One Year for Spreading False Claims About President Mahama

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TikToker Camilla Alhassan has been sentenced to one year in prison by the Accra Circuit Court after pleading guilty to charges of offensive conduct and publishing false news.

The sentence was handed down on Thursday, July 16, after Alhassan admitted to sharing videos on social media in which she falsely claimed, without any evidence, that President John Dramani Mahama buried 32 cows as part of rituals to secure victory in the 2024 general election.

Speaking after the ruling, her lawyer, Kwadwo Gyamfi Bonsu, disclosed that the court dismissed the charge of electronic abuse, explaining that it lacked the legal jurisdiction to determine that particular offence.

Despite dropping the electronic abuse charge, the court convicted Alhassan on the count of offensive conduct and imposed a one-year custodial sentence.

According to her lawyer, the defence pleaded for a more lenient sentence, but the judge maintained that the increasing spread of false information and similar offences required a punishment that would serve as a deterrent.

Camilla Alhassan was arrested and prosecuted by the Ghana Police Service after the videos gained widespread attention on social media. Prior to sentencing, the court had also ordered a pregnancy test during an earlier hearing as part of the proceedings.

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No Region Will Be Neglected Because of Its Electoral Choices- Mahama

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President John Dramani Mahama has reaffirmed his government’s commitment to equitable national development, declaring that no region of Ghana would be neglected because of its electoral choices.

Speaking during the sod-cutting ceremony for the construction of a 24-Hour Economy Model Market at Juapong in the Volta Region as part of his Resetting Ghana Tour, President Mahama said his administration was determined to ensure that every part of the country benefited from development projects.

He rejected the notion that any region should be taken for granted or left behind because of the way its people voted in elections.

“Our mandate, given to us by the good people of Ghana, is to govern the country for every Ghanaian,” he said. “Our commitment to the Volta Region is founded on fairness, equity and our constitutional responsibility to ensure balanced national development across the whole country.”

The President noted that the Volta Region had made an immeasurable contribution to Ghana’s development and deserved its fair share of national progress.

He said government was deliberately investing in infrastructure and public services across the country, including healthcare, education, roads, transport, agriculture, agro-processing and modern markets to improve livelihoods and create economic opportunities.

President Mahama made the remarks after cutting the sod for the construction of the Juapong 24-Hour Economy Model Market, one of a series of markets to be built nationwide under the government’s flagship 24-Hour Economy initiative.

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“Ghana Will Move From Tears of Joy to Great Sorrows” — Prophet Dr. Power Man

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Prophet Dr. Power Man has predicted that Ghana may witness the loss of some prominent personalities in the coming days, including a well-known lawyer and politician who has served the nation.

Speaking on Kessben 92.9 FM’s Awurade Akasa programme hosted by Prophet Richard Afful, the man of God was asked about what lies ahead for Ghana and its citizens.

According to Prophet Dr. Power Man, the country would move from a period of “tears of joy” into a time of great sorrow, as he claimed he had seen difficult moments ahead for the nation.

“I saw a prominent person in Ghana, a politician who is a lawyer and has served the nation. He is a very prominent person,” he stated.

He added that from July 14, 2026, through December 2027, Ghanaians would hear reports of the passing of some notable personalities.

“From 14th July till 2027 December, we will hear about the death of prominent people, about four or three people in the country,” Prophet Dr. Power Man said.

When asked by the host whether the people involved would be young or old, the prophet responded that some would be elderly while others would be young.

He further explained that when it comes to such situations, sickness may not always be the cause, adding that “death is what is meant to be” and should not always be attributed to witchcraft

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