Ghana Receives $15BN From China For Economic Transformation

According to GNA, $15 billion has been allocated to Ghana from China for its grand economic transformation plan, in addition to extra $4 billion loan to be obtained by Ghana for expenses across the country.

The deal between China and Ghana was based on financial presentations made by Ghana to seek partnership to finance their economic agenda.

Vice President Mahamudu Bawumia of Ghana has described the deal as an investment in its untapped and tested mineral resources, after his official mission in China where he spent four days before returning home.

He arrived with plenty of new economic plans and agreements that are aimed at supporting the country’s goals and increasing economic performance and wealth.

He said the deal was more beneficial than securing a loan which could impoverish the country.

According to the Vice President, after meeting with the Chinese government and the private sector, China was willing to commit $15 billion for economic adjustment plans and an extra $4 billion for other projects.

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