China's Small but Important Role in Ghana's Debt Crisis

China's share of Ghana's $55 billion public debt is quite small at just $1.7 billion or 3% of the total, but Beijing nonetheless plays a critical role in Accra's efforts to revive its economy. The Ghanaian government needs China's support in order to secure an emergency financial package from the International Monetary Fund. While that may sound straightforward, it's not. Zambia is up against a similar challenge and its debt restructuring process has stalled, largely because of a stand-off between China and multilateral creditors over who should take losses on their loans. Isaac Kofi Agyei, a research and data analyst at Joy News -- one of Ghana's leading broadcasters and news outlets -- is closely following all of the developments in this story and joins Eric from Accra to discuss China's role in Ghana's unfolding economic crisis. JOIN THE DISCUSSION: Twitter: @ChinaGSProject| @stadenesque | @eric_olander | @isaackofiagyei Facebook: www.facebook.com/ChinaAfricaProject FOLLOW CAP IN FRENCH AND ARABIC: Français: www.projetafriquechine.com | @AfrikChine عربي: www.akhbaralsin-africia.com | @AkhbarAlSinAfr JOIN US ON PATREON! Become a CAP Patreon member and get all sorts of cool stuff, including our Week in Review report, an invitation to join monthly Zoom calls with Eric & Cobus, and even an awesome new CAP Podcast mug! www.patreon.com/chinaafricaproject See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.