A Chinese Eximbank delegation has arrived in Ghana to meet the financial Ministry to work on the country’s debt restructuring.
The Chinese Eximbank delegation will also discuss how $1.7 Billion debt to China would be paid. According to reports, the Chinese want the Kotoka International Airport as payment for its debt.
President Akkufo Addo has expressed confidence in striking a deal with the IMF meeting with the Chinese Eximbank delegation. The Nana Addo administration has borrowed more than any administration in history.
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Reports from the International Institute of France, Ghana owes $13 Billion Eurobonds and $4 Billion bilateral loans as of September 2022. Ghana also owes China a total of $1.7 billion to China.
President Akufo Addo weeks ago pleaded with Germany to speak to China to partake Credit Committe under the Paris Club Common framework to deal with Ghana’s debt restructuring. The German government has assured Nana Addo in convincing the Chinese government.
Finanace Minister Ken Ofori-Atta will meet with the Chinese Eximbank delegation within this week to discuss the debt repayment schedule.
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