Impact of Sino-Africa Economic Relations on the Ghanaian Economy: The Case of Textiles

Isaac Ibrahim
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Isaac Ibrahim: School of Economics, Huazhong University of Science and Technology, Wuhan, China

International Journal of Innovation and Economic Development, 2017, vol. 3, issue 1, 7-27

Abstract: Africa is a Continent endowed with enormous natural resources that has attracted the attention of the west in particular; and has been described as a base for development of western Countries. In the twenty first century, the worlds second largest economy; China has become a new development partner to Africa in Economic Corporation and trade. China-Africa trade also known as Sino-Africa trade and relationship has increased tremendously over the last two decades especially. The main components of Sino-African relations have been in areas including: Bilateral trade, Investments and Aid. Sino-African relations have been under scrutiny with some accusing China of pursuing an aid for oil/resource policy and even neo-colonial hidden motives. Further, there are some who question the impact of relations on local industries. The Study focuses on one of the most promising economies in Africa: Ghana. Sino-Ghana economic relations have a long standing history. The study aims to take cursory look at Sino-Africa trade relations, and its impact on the Ghanaian Economy; especially in the Textile sector, an important sector of the economy. To this end the study employs case study approach; employing available qualitative and quantitative data from relevant sources for empirical analysis. The results reveal that Sino-African Economic and trade relations impact on the Ghanaian textile industry negatively in areas such as employment, although some positive benefits such as cheaper prices for consumers accrue.

Keywords: Ghanaian economy; Ghana textile industry; Sino-Africa economic relations; Sino- Ghana economic relations; Trade of trade. (search for similar items in EconPapers)
JEL-codes: M00 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:mgs:ijoied:v:3:y:2017:i:1:p:7-27

DOI: 10.18775/ijied.1849-7551-7020.2015.31.2001

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