Chinese Government forgives $25 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)
Between April 18, 2007 and April 20, 2007, the Chinese Government and the Government of Ghana signed six bilateral agreements, including one that cancelled $25 million of the Government of Ghana’s outstanding debt obligations. These obligations primarily resulted from one or more interest-free loans that the Government of Ghana contracted in the 1990s for the construction of the National Theatre of Ghana (see #1498).
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]