Ghana is ranked 9th among African countries with the highest outstanding loans to China, according to data compiled by Boston University’s Global Development Policy Center.
The country’s debt to China currently stands at US$6.1 billion.
Angola tops the list with a staggering US$46 billion owed to China, followed by Ethiopia (US$14.5 billion), Egypt (US$9.7 billion), Kenya (US$9.6 billion), and Nigeria (US$9.6 billion) in 2nd, 3rd, 4th, and 5th positions, respectively.
In the 6th to 10th positions are Zambia (US$9.5 billion), South Africa (US$6.9 billion), Sudan (US$6.3 billion), Ghana (US$6.1 billion), and Cameroon (US$5.9 billion).
The report from Boston University revealed that China’s financial engagement with Africa has grown significantly over the past two decades, largely through infrastructure-focused lending.
These loans have supported the construction of roads, railways, and power plants across the continent. However, the increasing reliance on Chinese credit has sparked concerns about debt sustainability, repayment risks, and the long-term economic autonomy of African nations.
The data covers loan agreements between China and African countries from 2000 to 2023.