Home > News > World
Wednesday July 16, 2014 MYT 11:46:30 PM
Wednesday July 16, 2014 MYT 11:47:25 PM
ACCRA (Reuters) - Ghana will not draw the remaining $1.5 billion (0.87 billion pounds) tranche from a $3 billion loan agreed with China in 2011, Ghana's finance minister said on Wednesday.
Seth Terkper said the remainder of the loan had been cancelled due to "challenges that we have had in coming to an understanding with CDB (China Development Bank)".
The loan was due to finance infrastructure projects, including development of the oil and gas sector.
(Reporting by Kwasi Kpodo; Writing by David Lewis; Editing by Emma Farge)
Chile's Bachelet takes on conservatives with plan to ease abortion ban
Two die as Muslim protesters clash with police in Afghan capital - witnesses
Anti-euro German AfD party aims to end leadership dispute
Italy elects senior judge Sergio Mattarella as president
Dynamic and Stylish BMW X1
Healthy living in the heart of Ampang
‘Como’ over to this lake in Italy
Golf-Teenager Ko becomes youngest world number one
Introducing Dolfi, the pebble-sized 'washing machine'
Copyright © 1995-2015 Star Publications (M) Bhd (Co No 10894-D)