Finance Minister Signs Grant Agreement For Construction of University in Damongo
The Minister for Finance, Cassiel Ato Forson, has signed a US$30 million grant agreement with China for the construction of a new University of Science and Technology in Damongo.
The agreement was signed at the Ministry of Finance during a visit by the outgoing Chinese Ambassador to Ghana, H.E Tong Defa, on January 20, 2026.
“The visit was also an important moment in our bilateral cooperation, as Ghana and China signed a US$30 million grant agreement to support the construction of a university in Damongo in the Savanna Region,” the Minister reported in a Facebook post.
He used the occasion to express his gratitude to Ambassador Tong on behalf of President Mahama and the people of Ghana for his service and commitment to strengthening Ghana–China relations.
He further reiterated the importance of reducing exchange losses in our bilateral trade.
“It is only logical that trade between Ghana and China should increasingly be settled in our own currencies. I wish Ambassador Tong Defa well in his future endeavours and look forward to the continued strengthening of Ghana–China relations.”
Story by Hajara Fuseini
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