By Moses Mozart Dzawu
Ghana has begun negotiations with the Export-Import Bank of China for a $6 billion loan to be used to develop social infrastructure, the Daily Graphic reported, citing Vice President John Dramani Mahama.
The amount will be given in three tranches of $2 billion for education, health, electricity and water projects, the Accra-based newspaper reported.
The facility is separate from a $3 billion loan the West African nation is borrowing from China Development Bank Corp., the newspaper quoted Mahama as saying.
2 comments:
This government will leave Ghana crying on her knees with all the loans. Who is going to pay them back and how ? Unfortunately none of the reasons for the loans has seen any changes - Water - Electricity - Education - Roads . Where is Woyome ?
Where is the Eurobond money??
NPP is no bettter economic steward, dont delude yourself.
Do you know how long infrastructure projects take to build. Have you been to the Western region to see on-going gas projects
Yes, Woyome should bring back the money
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