GIPC LAUDS WORLD BANK’S PARTNERSHIP WITH CHINA

The Ghana Investment Promotion Centre (GIPC) says the World Bank’s Initiative to partner Chinese Companies to invest in Africa reinforces China’s present influence in the world economy.

The World Bank has said the move is to draw synergies between the two parties and create new industrial prospects and thereby boost employment opportunities in sub-Saharan Africa.

The GIPC says the partnership is inevitable for the World Bank due to China’s present identity as a world economic super power which would facilitate and enhance the goal of the World Bank.

Speaking to Citi Business, the GIPC Chief Executive, George Aboagye said the move by the World Bank underscores the fact that China’s growth and wealth would be very useful in the economic development of Sub-Saharan Africa.

“It is an unavoidable fact; it is a fact of what we are seeing now in terms of global economic development. The World Bank has no choice because they would want to be associated with any where their survival is assured”, he noted.

Mr. Aboagye indicated further that China being the second biggest economy currently is expected to be the largest in the World with Nigeria becoming the tenth by 2030.

“These are development the World Bank cannot do anything about and they have to go with the time”, he added.

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