Follow CGSP on Social Media

Listen to the CGSP Podcast

China’s Role in Ghana’s Ballooning Economic Crisis

Former Ghanaian President and current National Democratic Congress party leader John Mahama speaking at Labor Day conference in Accra. Image via CitiTV.

Ghana’s main opposition leader John Mahama issued a dire warning on Monday that the country risks becoming the next African country to default on its debt unless “drastic” measures are taken to stabilize the economy.

Mahama, who himself is a former President and now leader of the National Democratic Congress party, where he called on President Nana Akufo-Addo to fire Finance Minister Ken Ofori-Atta and reshuffle the cabinet to deal with the country’s soaring public debt that now tops $46 billion.

  • Get a daily email packed with the latest China-Africa news and analysis.
  • Read exclusive insights on the key trends shaping China-Africa relations.
  • Full access to the News Feed that provides daily updates on Chinese engagement in Africa and throughout the Global South.

China, Africa and the Global South... find out what’s happening.

Subscribe today for unlimited access.

What is The China-Africa Project?

Independent

The CAP is passionately independent, non-partisan and does not advocate for any country, company or culture.

News

A carefully curated selection of the day’s most important China-Africa stories. Updated 24 hours a day by human editors. No bots, no algorithms.

Analysis

Diverse, often unconventional insights from scholars, analysts, journalist and a variety of stakeholders in the China-Africa discourse.

Networking

A unique professional network of China-Africa scholars, analysts, journalists and other practioners from around the world.