Completed Development AidData Chinese Aid

Chinese Government forgives $25 million of the Government of Ghana’s outstanding debt obligations

$25M USD

Funder	China Ministry of Commerce
Recipient Organization	Government of Ghana
Country	Ghana
Start Date	Apr 20, 2007
End Date	Mar 03, 2030
Duration	8,353 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`1778`

Grant Description

Between April 18, 2007 and April 20, 2007, the Chinese Government and the Government of Ghana signed six bilateral agreements, including one that cancelled $25 million of the Government of Ghana’s outstanding debt obligations.

These obligations primarily resulted from one or more interest-free loans that the Government of Ghana contracted in the 1990s for the construction of the National Theatre of Ghana (see #1498).

📋 Staff Comments

This project is not marked as umbrella because the original debt is not captured in our dataset, so there is no risk of double counting.

📚 Sources & References

Ghana
China sign several agreements
GHANA – CHINA BI-LATERAL RELATIONS:
Strengthening China-Ghana Economic and Trade Cooperation - Jia Qinglin's Official Visit to Ghana
中国政府免除加纳国家剧院债务
The National Theatre Now A Gift
China writes off cost of National Theatre
China – Africa Relations: A Case Study of Ghana
Debt Relief with Chinese Characteristics
SAIS-CARI China's Debt Cancellation In Africa Database*
外交部副部長楊文昌訪問加納
How China delivers development assistance to Africa
CHINA’S DEVELOPMENT INITIATIVES IN GHANA, 1961-2011
援加纳国家剧院维修项目举行移交仪式, 1 GHANA – CHINA BI - LATERAL RELATIONS: A TREASURED FIFTY YEARS OF DIPLOMATIC
CULTURAL
ECONOMIC AND TRADE RELATIONS Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.