Country: Ghana
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China’s Resources-for-Infrastructure Financing Mechanism is Evolving Into the “Sino-Africa Swap”
Decades before China embarked on countless Resource-for-Infrastructure deals in Africa, Japan pioneered the model in China as far back as the 1970s. The rapidly industrializing Japanese economy needed oil Chinese oil, minerals and other raw materials and China, one of the poorest countries at the time and ...
Why Ghana’s $2b Resource Deal With China Is Not as Risky as Critics Charge
News coverage and social media commentary about the recent deal signed between the Ghanaian government and the Chinese state-owned construction conglomerate Sinohydro is almost universally negative. According to deal, Ghana would exchange 5% of its ...
Ambassador Edward Boateng: Ghana’s Point Man in Beijing
Ghana's ambassador to China, Edward Boateng, recently visited the southwestern Chinese industrial megacity Chongqing where he gave an interview with a local media outlet and discussed which aspects of the city's development history he thinks could be applied to Ghana. The video ...
China’s Unrivaled Speed Advantage in Africa
With the first tranche of the $649 million financing now available, Ghana is moving very fast to build the infrastructure projects promised as part of the controversial bauxite deal that it recently finalized with the state-owned Chinese construction conglomerate Sinohydro.
Ghana’s Risky $2 Billion ‘Roads for Resources’ Gamble with China
Ghana is moving forward with an environmentally-risky resources-for-infrastructure deal with the Chinese state-owned construction conglomerate Sinohydro. According to the agreement, Ghana will provide 5% of its bauxite reserves to Sinohydro in exchange for a $2 billion package of infrastructure that includes ...
Africa’s Donkey Population Risks Collapse Due to Surging Chinese Demand for Hides
NOTE: this interview with Alex Meyers was recorded just prior to his departure from the Donkey Sanctuary. Persistent Chinese demand for donkey hides is now pushing the animal's population in many countries, including a number ...
Chinese Investors Have a Palpable Sense of Optimism About the African Market That Most Others Just Don’t Seem to Share
Atlantic Council Senior Fellow Aubrey Hruby shared her views about this weekend's "Netpreneur" competition organized by the Jack Ma Foundation in Accra, Ghana where she picked up on the same sense of optimism and excitement about the African market that Chinese investors seem ...
Jack Ma 2.0 Officially Launched This Weekend in Ghana
Jack Ma capped a week-long tour in Africa with the awarding of the inaugural African Netpreneur Prize at a Shark Tank-like competition in Accra. Nigerian Temie Giwa-Tubosun won the top prize and $250,000 but there's no doubt that the big winner from all this was Jack Ma ...
China and Ghana Agree to a Small Debt Write-Off and a Big Bauxite Deal
The Chinese and Ghanian governments have reached an agreement over a controversial $2 billion infrastructure-for-resources deal that conservationists worry could jeopardize the water supply for up to five million people and fragile ecosystems in the Atewa Forest Reserve. Also during her visit, Vice ...
Video Worth Watching: Meet 26-Year Old Tecno Manager Chen Kai
Chinese propaganda videos produced by CGTN or its parent network CCTV are usually not very noteworthy, but from time to time they do produce something that is absolutely fascinating and definitely worth watching. Because they're CCTV they get access to the Chinese community in Africa that no ...
Summits in 2019 Provoke Populist Response: “Draw Close to Your African Leader and Scream at Him to Wake Up!
While major newspapers in Africa explore the geopolitical and strategic implications of the recent Russia-Africa summit and the other international gatherings among the Japanese, Turks, Indians, and Americans this year, there's a very different conversation taking place online. Voices like those ...
Ghana Conservation Activists Fight Against China-backed Bauxite Mine in Rainforest
The Awaso bauxite mine is emerging as a critical flashpoint in China-Africa environmental ties and highlights tensions common to many countries between the need for African countries to best exploit its natural resources and the use of Chinese financing for projects in and around the continent's rapidly diminishing ...