Speaking in Accra on Monday, 11th November 2019 at the Jubilee House, Vice President Bawumia indicated that projects under the agreement have been grouped in Lots, and their review and approval is ongoing. “I want to thank you and the Government of China on our Sinohydro facility. I’m happy that Sinosure (China Export & Credit Insurance Corporation) has approved the first lots of the Phase One. There was a time when people thought maybe it would not materialise but it has materialised and we hope that the rest of the first phase will come through by March of 2020,” Vice President Bawumia stated. Vice President Bawumia expressed Government’s appreciation for the financial support China has offered to Ghana, made up of a 300 million Yuan (approximately Ghs 236.18/$42.79m) grant and a debt write off of 250 million Yuan (approximately Ghs 196.82m/$35.66m).

Source: GhanaWeb November 11, 2019 18:48 UTC