China

Ghana 4th Biggest Sub-Saharan African Importer Of China Goods In 2021 – EIU
17 Nov

Ghana 4th Biggest Sub-Saharan African Importer Of China Goods In 2021 – EIU

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Ghana was the 4th largest importer of goods from China in Sub-Saharan Africa in 2021, UK based Economist Intelligence Unit has revealed. The country’s imports from China were estimated at 5% of total imports from Sub-Saharan Africa. The report said there is a broad range of drivers that are likely to push more Chinese trade and investment toward Africa in the decade ahead. Ghana’s imports from China were estimated at about $2 billion in 2021. The imports ranged from Fast Moving Consumer Goods, electrical equipment, and construction materials. However, the country did not make it among the top African countries that…
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24 Aug

China Cancels Debt Of 17 African Countries

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Africa's largest bilateral lender, China says it has waived debt owed by 17 countries in the continent for 23 interest-free loans that were due in 2021. According to a post on the China’s Foreign Ministry website, the Foreign Minister Wang Yi announced the debt cancelations in a meeting last week at a Forum on China-Africa Cooperation. Whilst it didn't provide details on the value of the loans which it said matured at the end of 2021, nor did it state which nations owed the money Similar announcement was made last year in an address to Chinese and African diplomats at…
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14 Aug

China, Taiwan Conflict: Joe Biden Even Quotes Me When Addressing Global Crisis- Chairman Wontumi Makes Bold Declaration

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The Ashanti regional Chairman, Mr. Bernard Antwi-Boasiako, is predicting that things could get worse with global economies if the tension between China and Taiwan, drags on. In an interview on Wontumi radio, the media mogul recalled that “I was the first person to say that the Russia-Ukraine war was going to affect us and some political scientists were laughing at me, but now even when the President of USA speaks, he quotes me.” The NPP chairman popularly known as Chairman Wontumi insisted that just like the war between Russia and Ukraine is having an effect on global economies, the brewing…
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