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Ghana risks losing state properties over default in chinese loan deals

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Ghana risks losing mineral revenue and electricity sales if the nation defaults on the repayment of 4 loans collateralized from China.

According to the International Monetary Fund IMF, Ghana has at least 8 collateralized loans from China with different mineral resources as security against default.

As of the end of 2022, Ghana owed China 1.9 billion dollars out of which 619 million US dollars were collateralized loans.

Atiewin Mbillah-Lawson tells us more.

 

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Ghana risks losing state properties over default in chinese loan deals

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