IMF CLARIFIES GOVERNMENT OF GHANA NOT INVOLVED IN $2BN LOAN FROM CHINA

The International Monetary Fund has said government's $2bn with China to provide infrastructure in return for processed bauxite, cannot be classified as a loan. The clarification comes after the Minority in Parliament, led by Tamale South NDC MP, Haruna Iddrisu petitioned Ghana's economic supervisors over the deal. According to the Minority, the deal should be considered a loan because government brought it to parliament.

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