{"id":357209,"date":"2017-09-27T04:57:18","date_gmt":"2017-09-27T04:57:18","guid":{"rendered":"http:\/\/citifmonline.com\/?p=357209"},"modified":"2017-11-10T11:10:42","modified_gmt":"2017-11-10T11:10:42","slug":"nana-addo-to-follow-up-on-20bn-chinese-loan","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2017\/09\/nana-addo-to-follow-up-on-20bn-chinese-loan\/","title":{"rendered":"Nana Addo to follow-up on $20bn Chinese loan"},"content":{"rendered":"
President Nana Akufo-Addo will next year visit China to follow up on some commitments made by the Chinese government to invest over 20 billion dollars in Ghana\u2019s economy, Finance Minister, Ken Ofori-Atta has announced<\/p>\n
He explains that the purpose of the visit will also discuss bilateral trade issues with the government of China on government\u2019s new policy of allowing the private sector to lead economic growth and development.<\/p>\n
The Finance Minister made the announcement after Ghana signed an agreement with China under the Forum on China-Africa Corporation (FOCAC) to benefit from a 60 billion credit facility earmarked for the African continent.<\/p>\n
Speaking at a short ceremony after signing the agreement, Mr. Ofori Atta assured that government is committed to accessing the funds to exploit Ghana\u2019s bauxite reserve for economic development.<\/p>\n
\u201cWe both recognize the historical point in time that we are and our president has committed to a renew engagement and has agree to go to China for a visit next year following up to what our vice president did so the two of us are working to the details of this relationship,\u201d he said.<\/p>\n
He added that the mining of the mineral resource is interlinked with other infrastructural development such as the construction of \u00a0railway network as well as other factories under the one-district, one factory project.<\/p>\n
Mr. Ofori Atta further stated that the Chinese side is willing to provide over the medium term, the necessary financial support in electricity, transportation, telecommunications, municipal construction and education among others under the framework of the Forum on China-Africa Corporation (FOCAC).<\/p>\n