Bloomberg News

Ghana Seeks $6 Billion Loan From China Exim Bank, Graphic Says

April 19, 2012

Ghana has begun negotiations with the Export-Import Bank of China for a $6 billion loan to be used to develop social infrastructure, the Daily Graphic reported, citing Vice President John Dramani Mahama.

The amount will be given in three tranches of $2 billion for education, health, electricity and water projects, the Accra-based newspaper reported.

The facility is separate from a $3 billion loan the West African nation is borrowing from China Development Bank Corp., the newspaper quoted Mahama as saying.

To contact the reporter on this story: Moses Mozart Dzawu in Accra at mdzawu@bloomberg.net

To contact the editor responsible for this story: Emily Bowers at ebowers1@bloomberg.net


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