Ghana has moved to the next stage of handling the government’s debts internationally and has initiated talks with China over Ghana’s debt following a successful Domestic Debt Exchange Programme (DDEP).
The Minister of Finance, Ken Ofori-Atta, has said that negotiations with China are important because China holds the majority of the external bonds.
Mr Ofori-Atta has led a delegation to China to plead for debt cancellation.
Commenting on this on Ahotor 92.3 Fm’s Show, Political Economist Mr. Emmanuel Boamah says the government of Ghana should expect the worse as China don’t cancel debts easily.
Mr. Boamah warned that the least Ghana can get is what the Chinese did to Sri Lanka by taking over their port to manage it for 90 years.
Listen to Mr. Emmanuel Boamah below:
Story by: Emmanuel Romeo Tetteh / Ahotoronline.com
