09
Apr
Ghana has a relatively lower exposure to loans from China compared to Zambia (36%) and Ethiopia (25%), the World Bank has revealed in its April 2024 Africa Pulse Report. The country accounts for 7.0% of the share of Public and Publicly Guaranteed (PPG) external debt owed to China. According to the World Bank, the lower exposure to multiple creditors has enabled Ghana and other debt-ravaged countries to reach or be close to reaching agreements with their external creditors. “In January 2024, the Official Creditor Committee (OCC) reached an agreement in principle with the Government of Ghana on the terms of…