• About
  • Advertise
  • Privacy & Policy
  • Contact
Newstitbits
Advertisement
  • HOME
  • NEWS

    Jirapa Dubai CEO murder: Police accused of framing suspect as they struggle to prove key access

    Cardinal Peter Appiah Turkson

    Every Ghanaian must contribute to nation-building – Cardinal Turkson

    From despair to hope: How Seidu Agongo kindness transformed a storm-ravaged school

    From despair to hope: How Seidu Agongo kindness transformed a storm-ravaged school

    Eric Johnson

    “I’ve never slaughtered even a fowl” — Accused cries out, declares innocence in Jirapa Dubai CEO murder

    Elliot Fertik, the Consul General at the US Embassy in Ghana

    US visa tips: 10 key insights revealed by the US Consul General

    Establishment of Du Bois Memorial Centre was a visionary move by Rawlings – Yaa Asantewaa

    Establishment of Du Bois Memorial Centre was a visionary move by Rawlings – Yaa Asantewaa

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • POLITICS
  • SHOWBIZ
  • SPORTS
  • BUSINESS
  • ELECTIONS
  • RELIGION
  • EDUCATION
  • WORLD
  • MORE
    • QUIRKY NEWS
    • LIFESTYLE
    • MEDIA
      • PHOTOS
      • VIDEOS
    • TECH
No Result
View All Result
  • HOME
  • NEWS

    Jirapa Dubai CEO murder: Police accused of framing suspect as they struggle to prove key access

    Cardinal Peter Appiah Turkson

    Every Ghanaian must contribute to nation-building – Cardinal Turkson

    From despair to hope: How Seidu Agongo kindness transformed a storm-ravaged school

    From despair to hope: How Seidu Agongo kindness transformed a storm-ravaged school

    Eric Johnson

    “I’ve never slaughtered even a fowl” — Accused cries out, declares innocence in Jirapa Dubai CEO murder

    Elliot Fertik, the Consul General at the US Embassy in Ghana

    US visa tips: 10 key insights revealed by the US Consul General

    Establishment of Du Bois Memorial Centre was a visionary move by Rawlings – Yaa Asantewaa

    Establishment of Du Bois Memorial Centre was a visionary move by Rawlings – Yaa Asantewaa

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • POLITICS
  • SHOWBIZ
  • SPORTS
  • BUSINESS
  • ELECTIONS
  • RELIGION
  • EDUCATION
  • WORLD
  • MORE
    • QUIRKY NEWS
    • LIFESTYLE
    • MEDIA
      • PHOTOS
      • VIDEOS
    • TECH
No Result
View All Result
Newstitbits
No Result
View All Result

No problem with Chinese involvement in Ghana’s economy – Nana Addo

May 25, 2023
Reading Time: 3 mins read
No problem with Chinese involvement in Ghana’s economy – Nana Addo

President Akufo-Addo

President Nana Addo Dankwa Akufo-Addo says he finds no problem with the Chinese involvement in the Ghanaian economy. 

President Akufo-Addo remarked that China has proven to be a reliable partner in times of difficulty. 

His comment comes after an IMF report on Ghana for the year 2023 says China may take control of the country’s natural resources and electricity revenues following Ghana’s inability to pay some $1.9 billion debt. 

Speaking at the Qatar Economic Forum in Doha, Nana Akufo-Addo says China’s investment in Ghana has been beneficial. 

“Well, I don’t have any criticisms about Chinese involvement in the Ghanaian economy. They have been very helpful, it’s a matter of controversy in the West. For us, they have been friends and in terms of difficulty they have proven to be a strong partner,” President Akufo- Addo pointed out.

Ghana has been a major recipient of Chinese loans since the year 2000. In two decades, the country has borrowed close to $5 billion from China for major projects, such as roads, bridges, and power plants.

We’ll go back to the international capital market soon – Akufo-Addo

These loans have helped Ghana to improve its infrastructure and boost its economy. However, they have also left the country deeply indebted. Ghana’s external debt portfolio now exceeds $30 billion, and the country is struggling to repay its debts. 

There are however criticisms that Chinese loans come with unfavourable conditions for Ghana.

The current economic crisis has made it even more difficult for Ghana to repay its debts.

The International Monetary Fund (IMF) approved a $3 billion loan for Ghana a few days ago to help the country stabilize its economy.

However, the IMF loan is only a short-term solution. Ghana needs to find a way to reduce its debt burden in the long term. This will require a combination of economic reforms and debt relief from its creditors.

Ghana is not the only country that is struggling with debt. Many developing countries are facing similar problems.

Previous Post

Africa Day 2023: Annual UBA Africa Conversations held on innovative ways for growth of continent

Next Post

Mental health cases increasing in Ghana – Data reveals

Related Posts

Jirapa Dubai CEO murder: Police accused of framing suspect as they struggle to prove key access

Cardinal Peter Appiah Turkson

Every Ghanaian must contribute to nation-building – Cardinal Turkson

From despair to hope: How Seidu Agongo kindness transformed a storm-ravaged school

From despair to hope: How Seidu Agongo kindness transformed a storm-ravaged school

IMF Executive Board approves $370m disbursement for Ghana

IMF Executive Board approves $370m disbursement for Ghana

Next Post
Estelle Appiah, Board Chairman of the Mental Health Authority, speaking at the press conference to mark the World Schizophrenia Day in Accra

Mental health cases increasing in Ghana - Data reveals

Bank of Ghana unveils state-of the art cybersecurity infrastructure to fight cyber crime

Bank of Ghana unveils state-of the art cybersecurity infrastructure to fight cyber crime

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Jirapa Dubai CEO murder: Police accused of framing suspect as they struggle to prove key access
  • Every Ghanaian must contribute to nation-building – Cardinal Turkson
  • From despair to hope: How Seidu Agongo kindness transformed a storm-ravaged school
  • IMF Executive Board approves $370m disbursement for Ghana
  • “I’ve never slaughtered even a fowl” — Accused cries out, declares innocence in Jirapa Dubai CEO murder
  • Opinion: Let the Truth Lead: Ohemaa Akosua Asantewaa and Kwaafo Royal Family Key to Resolving Kwahu Chieftaincy Crisis
  • MP for Akwatia Ernest Kumi is dead
  • 24-Hour Economy policy: Game-changer that needs flawless execution

Popular Stories

  • Eric Johnson

    “I’ve never slaughtered even a fowl” — Accused cries out, declares innocence in Jirapa Dubai CEO murder

    0 shares
    Share 0 Tweet 0
  • MP for Akwatia Ernest Kumi is dead

    0 shares
    Share 0 Tweet 0
  • Jirapa Dubai CEO murder: Police accused of framing suspect as they struggle to prove key access

    0 shares
    Share 0 Tweet 0
  • 24-Hour Economy policy: Game-changer that needs flawless execution

    0 shares
    Share 0 Tweet 0
  • Opinion: Let the Truth Lead: Ohemaa Akosua Asantewaa and Kwaafo Royal Family Key to Resolving Kwahu Chieftaincy Crisis

    0 shares
    Share 0 Tweet 0

ABOUT US

Newstitbits.com is a 21st Century journalism providing the needed independent, credible, fair and reliable alternative in comprehensive news delivering that promotes knowledge, political stability and economic prosperity.

Contact us: [email protected]

@2023 – Newstitbits.com. All Rights Reserved.

Welcome Back!

OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • HOME
  • NEWS
  • POLITICS
  • SHOWBIZ
  • SPORTS
  • BUSINESS
  • ELECTIONS
  • RELIGION
  • EDUCATION
  • WORLD
  • MORE
    • QUIRKY NEWS
    • LIFESTYLE
    • MEDIA
      • PHOTOS
      • VIDEOS
    • TECH

@2024 - Newstitbits.com. All Rights Reserved.