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Ghana ranked 9th African country with largest Chinese debt

Ghana has been rated as one of the countries on the African continent that is greatly indebted to China.

China over the past few years has recognized itself as one of the world’s economic giants and as such the Asian country has become one of the biggest lenders to the world’s poorest continent, Africa.


According to Africa Facts Zone, Ghana ranks 9th as the African country holding the largest Chinese debt. It estimates that Ghana owes China about $3.4 billion.


The first ten highest Chinese debt holders from highest to least has Angola placing first with $25 billion.

This is followed by Ethiopia ($13.5 billion), Kenya ($8 billion), Congo ($7.3 billion), Sudan ($6.4 billion) and Zambia ($6 billion).

 

The remaining are Cameroon ($5.5 billion), Nigeria ($4.8 billion), Ghana ($3.5 billion) and DR Congo ($3.4 billion).


See the list below:      

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).