Chinese Government cancels $53.5 million of the Government of Ghana’s outstanding debt obligations
Constant 2017 USD
Funding agency [Type]
China Ministry of Commerce [Government Agency]
Action relating to debt (Code: 600)
In June 2002, the Chinese Government agreed to cancel $53.5 million of the Government of Ghana’s outstanding debt obligations. These obligations, which resulted from interest-fee loans that the Government of Ghana contracted between 1961 and 1964, reportedly represented 85 percent of the Government of Ghana’s total outstanding obligations to the Chinese Government.
This project is not marked as umbrella because the original debt is not captured in our dataset, so there is no risk of double counting.
Number of official sources
Number of unofficial sources
Receiving agencies [Type]
Government of Ghana [Government Agency]