Speaking on the sidelines of the ongoing China-Africa Summit in Changsha, China with Wang Yi, China’s Foreign Minister, Mr Ablakwa said the yet to be established company would be anchored on Ghana’s strategic lithium deposits.

This strategic move, Mr Ablak­wa said was testament of Ghana’s commitment to supporting the cause of addressing climate change as Lithium is considered the backbone of green energy revolution.

With critical minerals a cen­tral issue in the global energy transition, Ghana’s discovery of lithium deposits has brought international attention to Ghana.

The Minister of Foreign Affairs who is also the Member of Parliament for North Tongu in the Volta Region, said he and his Chinese counterpart also discussed new industrial projects in line with President John Maha­ma’s vision including exploiting Ghana’s bauxite for an integrated aluminium industry powered by modern rail infrastructure.

He said Ghana and China would soon sign a special Eco­nomic Partnership Agreement to concretise “our mutually benefi­cial partnership.”

Mr Ablakwa noted that Pres­ident Mahama’s administration was firmly committed to leverag­ing diplomacy for the transforma­tion of our dear country.

On trade he said China had offered zero per cent tariff on all exports from Ghana.

Mr Ablakwa said China was Ghana’s number one trading part­ner with last year’s trade volume exceeding US$11billion.

He said the zero per cent tariff on 100 per cent of goods from Ghana and other African coun­tries would bolster trade, create jobs and produce more Ghanaian entrepreneurs.