Country: Ghana
Mix of Gratitude and Fear in Ghana Over China’s Role in the Country’s Ongoing Debt Crisis
Joy News, one of Ghana's largest media companies, published a pair of stories this week that revealed the complex emotions many in the West African country have about China's role in the ongoing debt crisis. On the positive side, the Ghanaian ...
South-South Cooperation in Economically Perilous Times
For 70+ years, development economists have been touting the idea that if lesser developed countries trade and invest collaboratively, it would serve as a pathway out of poverty. But today, the notion of so-called South-South cooperation is facing unprecedented challenges as ...
Ghana Gets Debt Breakthrough
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 ...
Update on China’s Role in the Burgeoning Global South Debt Crisis
There was a lot of excitement earlier this month at the IMF and World Bank's annual gathering in Washington, D.C. about rumors that the impasse between China and multilateral development banks (MDBs) had been resolved. That stalemate between the Chinese and ...
Bright Simons on Africa in the Era of Great Power Competition
Many African countries are confronting unprecedented challenges from a convergence of forces far beyond their control. Africans are suffering disproportionately from the effects of climate change, global economic disruption and are being pushed to the middle of yet another Great Power ...
China’s Small but Important Role in Ghana’s Debt Crisis
China's share of Ghana's $55 billion public debt is quite small at just $1.7 billion or 3% of the total, but Beijing nonetheless plays a critical role in Accra's efforts to revive its economy. The Ghanaian government needs China's support in ...
Chinese Scholars See U.S. Veep’s Africa Tour in the Context of Great Power Competition
One stop into her week-long, three-nation African tour, and U.S. Vice President Kamala Harris has yet to mention the "C" word. But China is very much on the minds of her traveling press corps that seems to take every opportunity ...
New Foreign Ministry Annex in Ghana and a Newly Refurbished Parliament Building in Malawi Are China’s Latest “Gifts” to African Governments
Ghana's Foreign Minister Shirley Ayorkor Botchwey was visibly excited to see what her new office will look like in the new $20 million foreign ministry annex building that will be entirely paid for by China. Botchwey was joined by the Chinese ambassador ...
China vs. the Multilateral Development Banks
There was a major breakthrough this week in China's months-long standoff with the World Bank, IMF and other multilateral creditors when Beijing agreed to fully back Sri Lanka's debt restructuring. The move now clears the way for Colombo to secure $2.9 ...
Ghanaian Students Returning from China Face Unique Challenges…and Opportunities
More African foreign students are studying in China than anywhere else in the world. But do these qualifications get them jobs back home? A new webinar series by the Afro-Sino Centre of International Relations (ASCIR) featuring the China-Trained African Professionals (CTAP) ...