Ghana has been rated among the countries on the continent of Africa that are massively indebted to China, the Asian superpower.
Over the last few years, China has established itself as one of the economic superpowers of the world and, as such, the Asian nation has been one of the largest lenders to Africa, the world’s poorest continent.
Though Chinese support for Africa has enabled some countries on the continent to follow different forms of growth, some countries on the continent have also been riddled with debt.
Ghana ranks 9th as the African country carrying the largest Chinese debt, according to Africa Facts Region. Ghana is reported to owe China approximately $3.4 billion.
Angola ranked first with $25 billion, the first ten largest Chinese debt holders from highest to least.
This is followed by Ethiopia (13.5 billion dollars), Kenya (8 billion dollars), Congo (7.3 billion dollars), Sudan (6.4 billion dollars), Zambia (6 billion dollars).
Cameroon ($5.5 billion), Nigeria ($4.8 billion), Ghana ($3.5 billion) and DR Congo ($3.4 billion) are the remaining countries.
See the following list:
African countries with the largest Chinese debt.
1. Angola ($25 billion)
2. Ethiopia ($13.5 billion)
3. Kenya ($8 billion)
4. Congo ($7.3 billion)
5. Sudan ($6.4 billion)
6. Zambia ($6 billion)
7. Cameroon ($5.5 billion)
8. Nigeria ($4.8 billion)
9 Ghana ($3.5 billion)
10. DR Congo ($3.4 billion).