Tag: China
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DDEP: Economist urges government to strengthen industrialization policies
Economist and currency analyst at GCB Capital Limited Courage Boti is urging government to strengthen its industrialization policies as it moves to negotiate with China for debt forgiveness. He demystifies perceptions that China may seize the opportunity to take over the local industries if the negotiations are successful. However, Finance Minister, Ken Ofori-Atta, has disclosed…
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IMF deal in danger if China rejects Ghana’s debt relief – German Ambassador
The German Ambassador to Ghana, Daniel Krull, has warned that the $3 billion bailout being sought from the International Monetary Fund is in danger of not being approved if China fails to agree to a debt relief package. Addressing the media, Daniel Krull said China has so far rejected attempts by officials from Ghana to…
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Debt cancellation: Ghana’s engagement with China postponed to March
The Finance Minister, Ken Ofori-Atta, has disclosed that government’s planned high-level meeting with Chinese creditors over Ghana’s debt restructuring has been postponed to late March 2023. According to him, this is due to the upcoming National People’s Congress of China which is scheduled for early March. However, bilateral talks will continue ahead of this important…
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Ghanaian Exporters must take advantage of China’s market – Amb. Edward Boateng
Ghana’s Ambassador to China, Edward Boateng, has stated that various opportunities are available in China for Ghanaian Exporters to take advantage of in Asia’s largest Market. Ghanaian businesses like others elsewhere, have been negatively affected by the COVID-19 pandemic. China in particular, which is a major destination from where Ghana imports a lot of its…
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China to exempt some African countries from repaying specific loans – Prez. Xi Jingping hints
China’s President, Xi Jingping has announced that China will exempt some African countries from repaying zero-interest rate loans due at the end of 2020, according to Reuters News agency. Speaking at the China-Africa Summit, President Xi Jingping stated that, under the framework of the China-Africa cooperation forum, China will further extend loan payment forbearance for…
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Huawei ranks No. 2 globally and No. 1 in China amid COVID-19 in 1st quarter
Global smartphone shipments fell by 11.7% in the first quarter, according to IDC, a market intelligence firm. As the coronavirus epidemic spreads around the world, the shipments of the top 3 phone brands have been hit to varying degrees. The mobile phone market, which was expected to warm up, was in a downtrend in Q1.…
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Gov’t must be tactical in seeking for debt relief from China – Peter Quartey
Economist, Prof. Peter Quartey, has urged government to be tactical in seeking for debt relief from China to ease the pressure on Ghana due to the fight against COVID-19. According to him, singling out China could send a wrong signal especially as the virus emanated from the Asian country. In a recent interview with a…
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COVID-19: Finance Minister urges China to consider debt relief for Africa
Ghana’s Finance Minister, Ken Ofori-Atta, has urged China to help ease the debt burden of African countries expected to struggle with the economic impact of the coronavirus pandemic. He has already indicated that the cumulative effect of the novel coronavirus pandemic will cost Ghana GHS9.505 billion. Speaking to a US-based think-tank, the Center for Global…
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Channel your Chinese imports through Ghana Embassy – Ambassador urges traders
Ghana’s Ambassador to China, Edward Boateng, has asked Ghanaian traders who wish to import from China to liaise with the Embassy to connect them to the Chinese Chamber of Commerce. In the wake of the COVID-19 pandemic, the Ghana Union of Traders Association, GUTA, whose members depend heavily on Chinese imports, have complained about possible…
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Apple to close all China mainland stores due to virus outbreak
Apple Inc on Saturday said it would shut all of its official stores and corporate offices in mainland China until Feb 9. as fears over the coronavirus outbreak mounted and the death toll more than doubled to over 250 from a week ago. “Out of an abundance of caution and based on the latest advice…