Business News of Sunday, 21 June 2020Source: www.ghanaweb.comCoronavirus: China to exempt some African countries from repaying debt loansFinance Minister, Ken Ofori-AttaChina's President Xi Jinping has said his nation will exempt some African countries from repaying zero-interest-rate loans due at the end of 2020. This follows calls by Finance Minister, Ken Ofori-Atta on April 6 2020 urging for a debt relief package from China to ease the economic burden on Africa post the Coronavirus pandemic. This forms part of a Pan-African effort to bring debt relief to Africa due to the economic impact of the novel coronavirus pandemic. An Economist, Prof. Godfred Bopkin speaking in an earlier interview with GhanaWeb indicated the call by Finance Minister, Ken Ofori-Atta urging for a debt relief package, was well accommodated. In the wake of the Coronavirus pandemic, African governments have called for several financial assistance, including calls for a suspension on all external debt and debt write-offs.

Source: GhanaWeb June 21, 2020 11:03 UTC