Business News of Wednesday, 15 January 2020Source: www.ghanaweb.comGhana's Sinohydro deal touted as a new model for Africa to followUnder the deal Sinohydro will fund infrastructure projects in GhanaGhana's multi-billion dollar deal with China's Sinohydro has been hailed internationally as a model which the rest of Africa must emulate to help reduce the financial woes of their economies. "The deal takes away this uncertainty for Ghana's planners and offers a step around foreign currency supply and price volatility risks in the process. "Given its poor experience with resource-backed foreign currency lending, the new bauxite deal suggests that Ghana is instead setting a new, currency-free lending course. The Government of Nana Akufo-Addo agreed the mega Sinohydro deal with the Chinese Government in 2018. are to be funded through the Sinohydro deal.

Source: GhanaWeb January 15, 2020 11:15 UTC