Business

Ghana Ranked 9th African Country With Largest Chinese Debt

Ghana has been ranked as one of the countries on the African continent that is heavily indebted to Asian superpower, China.

However, China over the past few years has established itself as one of the world’s economic superpowers and as such the Asian country has become one of the biggest lenders to the world’s poorest continent, Africa.

Meanwhile, Chinese support to Africa has helped some countries on the continent pursue various forms of development, it has also riddled several nations on the continent in debt.

According to Africa Facts Zone, Ghana ranks 9th as the African country holding the largest Chinese debt. It estimates that Ghana owes China about $3.4 billion.

The first ten highest Chinese debt holders from highest to least has Angola placing first with $25 billion.

This is followed by Ethiopia ($13.5 billion), Kenya ($8 billion), Congo ($7.3 billion), Sudan ($6.4 billion) and Zambia ($6 billion).

The remaining are Cameroon ($5.5 billion), Nigeria ($4.8 billion), Ghana ($3.5 billion) and DR Congo ($3.4 billion).

See the list below:

African countries with the largest Chinese debt.

1. Angola ($25 billion)

2. Ethiopia ($13.5 billion)

3. Kenya ($8 billion)

4. Congo ($7.3 billion)

5. Sudan ($6.4 billion)

6. Zambia ($6 billion)

7. Cameroon ($5.5 billion)

8. Nigeria ($4.8 billion)

9 Ghana ($3.5 billion)

10. DR Congo ($3.4 billion).

Source
ghanaweb
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Edrine Yeboah

I'm Edrine, popularly known as Edrino Greatness, a Ghanaian sensational blogger with so much passion for blogging. I'm a Team player and can work under any circumstances. I believe in possibilities and can do spirit. You can get in touch with me by contacting me on +233570405064 or Send me a messsage on WhatsApp. @Zackgh.com we publish Articles and also help promote upcoming and mainstream Artistes to upload their songs as well on our page. I leave you with my favorite quote "Every dream is possible and there is nothing one cannot do if you put your mind to it".

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