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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 order to secure an emergency financial package from the International Monetary Fund.

While that may sound straightforward, it’s not.

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