Ghana has emerged as the 6th largest African exporter to China, accounting for 8.2% of total African exports to the Asian giant, according to the latest Standard Bank Economy 2025 Outlook.
The report highlights the growing importance of China as a trading partner for Sub-Saharan African economies, with Ghana’s position reinforcing its role in the continent’s export landscape.
Topping the list is the Democratic Republic of Congo (DRC), with 48% of its exports heading to China, followed by Angola (45%), Zambia (28.7%), Mozambique (17%), and Namibia (15%). These five countries outpace Ghana in their level of export concentration to China.
The report notes that many African economies remain highly reliant on Chinese demand, particularly for commodities such as oil, copper, and other raw materials. This dependence, however, also exposes the region to risks from global shifts, particularly the potential impact of U.S. tariffs on Chinese economic activity.
“Of the markets in our coverage, DRC, Zambia, and Angola have a sizeable concentration of their exports routed to China,” the report stated. “However, this is lower in other economies such as Botswana (7.2%), Ethiopia (8.4%), Ghana (8.2%), Kenya (2.8%), and Nigeria (3.3%).”
Despite Ghana’s relatively modest share compared to top-ranking peers, the country’s strong trade ties with China continue to play a significant role in its external sector. Ghana’s key exports, including gold, cocoa, and oil, are in high demand in China, making the Asian market a critical part of its trade strategy.
The report also warns of potential headwinds if economic conditions in China worsen due to global trade tensions or slower growth. Oil-exporting countries such as Nigeria, and by extension Ghana, could see declines in export revenues if oil prices drop alongside Chinese demand.
“In the past, such slowdowns have led to foreign exchange liquidity challenges and reduced growth in non-oil sectors,” the report noted.
However, there is cautious optimism, as recent signals from Beijing point to increased stimulus efforts, which could help stabilize demand and sustain commodity prices.
