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Germany’s Ambassador to Ghana Explains Why He Thinks China is Hesitating to Set Up a Creditor Committee

by Cobus van Staden
German ambassador to Ghana Daniel Krull at a press conference in Accra. Image via GhanaWeb.

The German government is advocating on behalf of Ghana for China to stop stalling in the creation of a new Creditor Committee that will restructure Accra’s debts.

Last week, Ghana officially became the second African country in the post-pandemic era to default on some of its commercial debts after it missed a $40.6 million payment to bondholders.

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