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Ghana’s Finance Minister Will Go to Beijing This Week Seeking Debt Relief

by Eric Olander
Ghanaian Finance Minister Ken Ofori Atta will go to Beijing this week to try and re-negotiate $1.7 billion of outstanding debt to China. SAUL LOEB / AFP

Ghanaian Finance Minister Ken Ofori Atta will head to Beijing on Friday in a bid to re-negotiate Accra’s $1.7 billion debt owed to Chinese creditors.

The West African country has already defaulted on some of its commercial debt and it’s now trying to restructure what it owes to bilateral creditors, including China. This bilateral debt amounts to $5.7 billion.

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