Ghana has entered into negotiations with China to finance its road infrastructure. President Nana Akufo-Addo revealed it Tuesday, July 24 on the sidelines of a tour inside the country.
This is a $ 2 billion credit line he hopes to contract with the Middle Kingdom next September, during the working visit he will make on the sidelines of the Cooperation Forum. China and Africa.
The negotiations for this loan, which will serve to fill the infrastructure deficit, “are at an advanced stage with the Chinese authorities”.
The envelope will be used for the construction of the road network to accelerate the structural transformation of the economy, support economic activities and relieve the population.
According to Minister of Finance Ken Ofori-Attah, the government has decided to use new financing models to fill the country’s infrastructure deficit, including roads, bridges, dams, housing, and energy infrastructure, whose need is estimated at $ 30 billion.
It should be recalled that the Ghanaian President has several times announced his intention to turn his back on the assistance of the International Monetary Fund (IMF), and in general, the official development aid.
