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Ghana

Ghana
Population: 23.5mn.
GNI, $ : 14bn.
Debt: 4.9bn.
Overview:

With loans from China Exim Bank to develop an integrated oil industry and technical cooperation from CNOOC, Beijing is poised to play a big role in Ghana’s development as an oil exporting country.

news from Ghana

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Found 22 articles.

Displaying 1-10 out of 22 results.

  • Vol 5 No 2
  •  December 2011

Beijing’s gas loan tests IMF

Officials in Washington are in last-minute negotiations over a compromise deal on the terms of China’s multi-billion-dollar loan to Accra

  • Vol 5 No 2
  •  December 2011

A special relationship in the making

Many in the governing National Democratic Congress want to boost ties with China to new heights: their target is some US$10 billion of Chinese loans (AAC Vol 3 No 12). President John Atta Mills’s NDC government has lined up $4 bn. of additional loans in 3...

  • Vol 5 No 2
  •  December 2011

Housing scheme crumbles

The multi-billion-dollar housing venture run by South Korea’s STX and a group of Ghanaian investors looks close to collapse, with the partners embroiled in lengthy court actions against each other. The failure of the scheme, which was one of President Joh...

  • Vol 4 No 11
  •  September 2011

The revolution will be financed

President John Atta Mills plans to use Chinese credit lines to develop the country’s hydrocarbons infrastructure and build up an industrial base

  • Vol 4 No 11
  •  September 2011

STX's house is falling down

The list of problems for the STX housing deal grows longer as plans to fly in thousands of Asian workers divide the project’s backers. STX Group of Korea declared its intention in August to import 1,500 Indonesian workers to build the 30,000 housing units...

  • Vol 4 No 10
  •  August 2011

Highway to development

Accra plans to use Chinese loans to integrate the Northern Region into the booming southern economy

  • Vol 4 No 9
  •  July 2011

Slow movers

The opposition and ruling parties grow anxious as the STX housing deal shows no progress on its first anniversary

  • Vol 4 No 9
  •  July 2011

Squatters, pipes and rails

After only two years in office, the National Democratic Congress government has increased Ghana’s total debt from US$8.1 billion at the end of 2008 to $13.4 bn. in May 2011. That gives the government a debt-to-gross domestic product ratio of 35%. That exc...

  • Vol 4 No 1
  •  November 2010

Best laid plans

Critics of President John Atta Mills’s trade deals with China are claiming that two of the biggest financing arrangements are unlikely to go ahead as planned. These are a US$5 billion bid by the Ghana National Petroleum Corporation for a stake in the Jubi...

  • Vol 3 No 12
  •  October 2010

A consensual affair

Oppositionists call for scrutiny of the promised financing from Beijing amid concerns over spiralling national debt

Displaying 1-10 out of 22 results.