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Ghana Starts China Talks to Break Debt Restructuring Impasse

  • Ghana owes China $1.9 billion, a third of its bilateral debt
  • Private creditors need bilateral deal to start their own talks

Ghana started talks with China to restructure bilateral loans as the West African nation slowly moves forward in its goal to reorganize about $30 billion of public debt.

A Chinese delegation has ended a three-day mission to the Ghanaian capital, Accra, to discuss how the $1.9 billion Ghana owes China will be treated. The debt represents a third of all bilateral loans.