Ghana is going ahead with a controversial US$2 billion deal where China will build roads and bridges in exchange for bauxite ore mined in part of West Africa’s Upper Guinean Rainforest.
The agreement also included a 300 million yuan (US$42.7 million) grant and debt forgiveness worth US$35.7 million to help with Ghana’s infrastructure development, he said.
Read more at: Ghana goes ahead with US$2 billion Chinese bauxite barter deal that has conservationists up in arms | South China Morning Post
Beijing
has released a first tranche of funds worth US$649 million under the
Sinohydro deal, Ghanaian Vice-President Mahamudu Bawumia said on Monday.
The agreement also included a 300 million yuan (US$42.7 million) grant and debt forgiveness worth US$35.7 million to help with Ghana’s infrastructure development, he said.
Read more at: Ghana goes ahead with US$2 billion Chinese bauxite barter deal that has conservationists up in arms | South China Morning Post
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