Tag: Ghana
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PLA Navy Tour of Africa Stops in the Republic of Congo
A weeks-long tour of Africa by a trio of Chinese warships continued with a stop in the Republic of Congo on Friday, where they were greeted by Defense Minister Richard Mondjo. The PLA Navy ships previously made stops in Nigeria, Ghana ...
How Chinese Distant Fishing Is Wrecking Coastal Economies
China’s distant fishing fleet is increasingly affecting coastal economies throughout the Global South. With an estimated 17,000 vessels, China has the world’s largest distant fishing fleet. They operate in a legal grey zone, hauling thousands of tons of sea creatures from international ...
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 ...
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 ...
How Far Ahead Is China in the Battery Race? Pretty Far.
China is sprinting ahead in the global race for critical minerals used to make batteries for electric cars, leaving Western competitors scrambling to catch up. Chinese companies’ early investment into the extraction of lithium and cobalt in Africa was key to this success, according to a detailed new report by ...
African Leaders to Kamala Harris: We’re Going to Work With Both the U.S. and China
U.S. Vice President Kamala Harris is back in Washington, D.C., after wrapping up a week-long, three-nation tour of sub-Saharan Africa over the weekend. Before she left, Harris held a press conference on Friday with President Haikinde Hichilema, where she gently prodded China ...
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 ...
Harris Arrives in Zambia Where China Questions Will Loom Much Larger Than in Ghana
U.S. Vice President landed in Zambia on Wednesday for the second leg of a three-nation, week-long Africa tour. During her first stop in Ghana, the Vice President assiduously tried to avoid any reference to China despite persistent questions from the traveling ...
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 ...
World Bank President Nominee in China for Critical Meetings With Finance Leaders
Ajay Banga arrived in Beijing on Wednesday for the latest stop in his worldwide job interview to become the next president of the World Bank. Banga is scheduled to meet with Chinese Finance Minister Liu Kun, various leaders from the People's ...
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 ...
Rays of Hope Following China Settlement in Sri Lanka
China’s commitment to supporting Sri Lanka’s debt restructuring in line with other bilateral creditors is a major step towards securing a rescue package from the International Monetary Fund. However, it’s still unclear how negotiations will proceed, as the country suffers from food and ...