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)
China to loan Pacific island nations $1 billion
'Community corrections' system will not replace labour camps in China
China plans world's longest sea tunnel at $42 billion - report
Russia grants Bangladesh $1 billion loan for weapons - Putin
Sudan gets $1.5 billion loan from a Chinese bank - finance minister
Uruguay's Vazquez set to extend leftist coalition's run in power
Mexico president vows police reform in bid to quell massacre anger
Tanzania PM sidesteps calls to quit over graft claims
Thankful to arrive on snowy U.S. holiday with power out, travel delays
Argentina charges HSBC with aiding tax evasion via Swiss accounts
Calm comes to troubled Ferguson; protests dwindle across U.S.
Say cheese! Wikipedia appeals for cash to snap French fromage
Port of call for S. Korea ship
Internet-connected device sector deals accelerating
Copyright © 1995-2014 Star Publications (M) Bhd (Co No 10894-D)