Ghana ranked 9th African country with largest Chinese debt

Ghana’s debt to China is said to be around $3.4 billion

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

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. 

Whiles 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: www.ghanaweb.com

About Bizzy Gh

BizzyGh is one of the Leading News, Sports,Entertainment, Lifestyle and Gossip website today. BizzyGh delivers captivating and engaging entertainment, videos and More!

Check Also

Two face court for allegedly defrauding owner of Legacy Saving and Loans of GHC6.5million

Two persons, accused of defrauding the owner of Legacy Saving and Loans of GHC6.5million under …

Leave a Reply

Your email address will not be published. Required fields are marked *

WP2Social Auto Publish Powered By : XYZScripts.com