A new report by the Natural Resource Governance Institute says Ghana may find it difficult to repay the US$2 billion Sinohydro loan expected to be paid with proceeds from the country’s bauxite resources.
The report, titled ‘Resource Backed Loans: Pitfalls and Potentials’, says countries that depend on resource backed loans like the Sinohydro-bauxite deal ran the risk of accumulating mounting debts due to the secrecy of such agreements.
The post New report casts doubts on Ghana’s ability to repay US$2bn loan appeared first on Citinewsroom - Comprehensive News in Ghana, Current Affairs, Business News , Headlines, Ghana Sports, Entertainment, Politics, Articles, Opinions, Viral Content.
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