Business News of Thursday, 2 April 2020Source: www.ghanaweb.comUS$2 billion Sinohydro deal to delay due to coronavirus – CDD GhanaPresident Nana Akufo-Addo (2nd R) meets with visiting Chinese Vice Premier Sun Chunlan in AccraGhana Center for Democratic Development (CDD-Ghana) says the outbreak of covid- 19 is currently hitting Ghana’s economy as there are indications that aspects of the Sinohydro deal will be delayed. Currently, there are indications that the aspects of the Sinohydro agreement will be delayed due to disruptions in the Chinese economy. Should this happen, this could have a significant `impact on the government’s development agenda.”The Sinohydro Project is expected to bring some $2 billion, with about $1.5 billion being directed towards major road projects in the country. Four out of 10 road projects have already commenced. The $2.billion bauxite-for-infrastructure deal was signed between Ghana and the Asian giant’s Sinohydro Company.

Source: GhanaWeb April 02, 2020 09:56 UTC