for that matter Ghana, which at the end of the day would increases the export-import of goods and services to China. Another dimension that is worth pointing out is the political terrain of the Chinese as opposed to the rest of the world. The ideological difference between China and the other major countries has made China to be politically isolated from some strong countries in the past with the exception of Russia. As several African nations such as Ghana continue to show keen interest in the Chinese way of development to develop their countries; it has thus assisted to nurture a good relationship between China and Africa which eventually making her to be strong in the international scene. For instance, when China encounters difficulties in the world economy, majority of African countries were in support of her (Ministry of Foreign Affairs, 2013). Lastly, the geographical location of Ghana has also been one of the reasons why China is interested in investing in Ghana. As can be seen from the above map, Ghana is one of the African countries that have been the gateway to most countries from Africa and for that matter the government of Ghana is always putting in a lot of efforts to welcome investors in helping to construct roads and railways in the country. In recent times, there have been an increased of Chinese investment in the mining sector and other mineral resource in Ghana with the bid to help transport all the raw materials to the final destinations. Also, the Chinese have also shown interest in the oil exploration that began in the late 20th century, but it was until 2007 that crude oil has finally been discovered in commercial quantities for the commercial marketing (Idun- Arkhurt, I, 2008). The Chinese investment in Africa and for that matter Ghana as I have already said is not a charity thing. The Chinese need African countries for their natural resources and Africa also needs China for its aid, investment and development assistance. In this regards, the African nations have offered a lot of natural resources at competitive price that has catalyzed the Chinese development and propelled the Chinese companies to the world economy. To view this from the theoretical angle, with respect to the dependency theory, China and Ghana are not at lost in terms of investing. That is Ghana as a developing nation relies on China for its investment as initially explained such as roads, schools, railways, hospital etc and China also employs mostly its own people to operate such projects thus creating employment for the Chinese citizens and causing capital flight. Given this scenario, with respect to Ghana being dependent on China, it is a
for that matter Ghana, which at the end of the day would increases the export-import of goods and services to China. Another dimension that is worth pointing out is the political terrain of the Chinese as opposed to the rest of the world. The ideological difference between China and the other major countries has made China to be politically isolated from some strong countries in the past with the exception of Russia. As several African nations such as Ghana continue to show keen interest in the Chinese way of development to develop their countries; it has thus assisted to nurture a good relationship between China and Africa which eventually making her to be strong in the international scene. For instance, when China encounters difficulties in the world economy, majority of African countries were in support of her (Ministry of Foreign Affairs, 2013). Lastly, the geographical location of Ghana has also been one of the reasons why China is interested in investing in Ghana. As can be seen from the above map, Ghana is one of the African countries that have been the gateway to most countries from Africa and for that matter the government of Ghana is always putting in a lot of efforts to welcome investors in helping to construct roads and railways in the country. In recent times, there have been an increased of Chinese investment in the mining sector and other mineral resource in Ghana with the bid to help transport all the raw materials to the final destinations. Also, the Chinese have also shown interest in the oil exploration that began in the late 20th century, but it was until 2007 that crude oil has finally been discovered in commercial quantities for the commercial marketing (Idun- Arkhurt, I, 2008). The Chinese investment in Africa and for that matter Ghana as I have already said is not a charity thing. The Chinese need African countries for their natural resources and Africa also needs China for its aid, investment and development assistance. In this regards, the African nations have offered a lot of natural resources at competitive price that has catalyzed the Chinese development and propelled the Chinese companies to the world economy. To view this from the theoretical angle, with respect to the dependency theory, China and Ghana are not at lost in terms of investing. That is Ghana as a developing nation relies on China for its investment as initially explained such as roads, schools, railways, hospital etc and China also employs mostly its own people to operate such projects thus creating employment for the Chinese citizens and causing capital flight. Given this scenario, with respect to Ghana being dependent on China, it is a
SUBMIT_27_07_2014.docx