Follow CGSP on Social Media

Listen to the CGSP Podcast

Ghana Gets Debt Breakthrough

Kristalina Georgieva is the Managing Director of the IMF

The executive board of the International Monetary Fund (IMF) on Wednesday approved a $3 billion debt bailout deal for Ghana. The debt-distressed country will receive an immediate payment of $600 million.

The announcement is a win for China, which co-chaired the official creditor committee with France and participated in the negotiations towards the deal. However, it also reflects Ghana’s relatively limited exposure to Chinese debt, with smaller loans and fewer lenders than for example, in Zambia. This likely made the negotiations less complex that in other cases (see below.)

Lead the Conversation on China

Subscribe Today to Get Full Access to The China-Global South Project

Check Out Everything You'll Get With Your Subscription

The China-Global South Daily Brief delivered to your inbox at 6AM Washington time

Full access to exclusive news and analysis from editors based in the Global South

Transcripts of CGSP’s twice-weekly podcasts

Students and teachers with a valid .edu email address are eligible for a 50% discount off monthly or yearly subscriptions. Email us to receive a discount code.

What is The China-Global South Project?


The China-Global South Project is passionately independent, non-partisan and does not advocate for any country, company or culture.


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


Diverse, often unconventional insights from scholars, analysts, journalists and a variety of stakeholders in the China-Global South discourse.


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