The democratic republic of Ghana has won itself a position on the list of African countries in some huge Chinese debt.
Over the past years, the Asian superpower thus China has effortfully established itself as one of the world’s most defensive countries in terms of economy and finance at large and as such the Asian country has become one of the biggest lenders to the world’s assumed poorest continent, Africa.
In as much as financial and economic support from China has helped some African countries attain certain positive level of development, it has also inturn riddled several nations on the continent in debt.
Africa Facts Zone has in few hours ago ranked Ghana as the 9th African country holding the largest Chinese debt estimated at about US$3.4 billion with Angola placing first with US$25 billion.
This is followed by Ethiopia ($13.5 billion), Kenya (US$8 billion), Congo (US$7.3 billion), Sudan ($6.4 billion) and Zambia (US$6 billion).
The remaining are Cameroon (US$5.5 billion), Nigeria ($4.8 billion), Ghana (US$3.5 billion) and DR Congo (US$3.4 billion).
See the list below:
African countries with the largest Chinese debt.
1. Angola ($25 billion)
2. Ethiopia ($13.5 billion)
3. Kenya ($8 billion)
4. Congo ($7.3 billion)
5. Sudan ($6.4 billion)
6. Zambia ($6 billion)
7. Cameroon ($5.5 billion)
8. Nigeria ($4.8 billion)
9 Ghana ($3.5 billion)
10. DR Congo ($3.4 billion).
Source: www.urstrulypraiznews.com
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