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Maroc Maroc - MYJOYONLINE.COM - A la Une - 16/Sep 12:46

Ghana’s biggest lender is not who you think

Ghana’s debt crisis naturally shone the spotlight on the country’s biggest creditors. At one point, China, as the country’s largest bilateral (country-to-country) creditor was seen as a potential stumbling block. But as a proportion of Ghana’s total debt, or even foreign debt, China’s ~$1.7 billion or so in loans were not that substantial, even though its consent was certainly needed for the overall debt restructuring to proceed.

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