Friday, November 22, 2019

Concerns Over Ghana's $2 Billion Deal with China

CNBC published on 21 November 2019 an article titled "China's $2 Billion Deal with Ghana Sparks Fears over Debt, Influence and the Environment" by Elliot Smith.

China is financing $2 billion worth of rail, road and bridge networks in exchange to access for 5 percent of Ghana's bauxite reserves. The deal has drawn criticism from environmental activists, political opposition, and international government investment partners who are concerned about a lack of transparency and increasing debt sustainability.