Ghana, China sign US$30m grant to aid construction of new University in Damongo – Dr. Ato Forson
The Minister of Finance, Dr. Cassiel Ato Baah Forson, has announced the signing of a US$30 million grant agreement between Ghana and China to support the construction of a new university in Damongo, Savannah Region.
Dr. Forson made the announcement in a Facebook post on Tuesday, January 2026, following a meeting with outgoing Chinese Ambassador to Ghana, H.E. Tong Defa. He described the visit as a significant moment in the long-standing bilateral relations between the two countries.
According to the Finance Minister, the grant demonstrates the strong cooperation between Ghana and China, particularly in education and development.
Dr. Forson expressed gratitude to Ambassador Tong Defa, on behalf of President John Dramani Mahama and the people of Ghana, for his dedication to strengthening Ghana-China relations during his tenure.
He emphasized the importance of reducing exchange rate losses in trade between the two countries, suggesting that conducting trade using local currencies would be beneficial for both Ghana and China.
Dr. Forson wished the outgoing ambassador well in his future endeavors and expressed confidence that relations between Ghana and China would continue to grow stronger.
