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Ghana Forum/Politics

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'Chinese loans are immediate but risky; short repayment peri...

modernghana.com/news/1...

submitted about 1 year ago by afia3

'Chinese loans are immediate but risky; short repayment peri...

submitted about 1 year ago by afia3

'Chinese loans are immediate but risky; short repayment peri...
  • The Africa Centre for Energy Policy advises the government to focus on long-term economic benefits rather than short-term political gains when negotiating loans with China and other partners.
  • Mohammed Saani Osman, a Policy Analyst at ACEP, highlighted that current borrowing practices prioritize quick access to funds for projects, leading to high-risk loans with short repayment periods and high interest rates that could result in unsustainable debt for Ghana.
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