Beijing indicated in early March that its bilateral loans to Ghana represent less than 5% of the West African country's total debt. Thus, intending to discuss a proposal to restructure bilateral loans granted by Beijing in Accra, the Ghanaian Finance Minister, Ken Ofori-Atta visited China on Wednesday.

The discussions between Ghana and China are according to sources focused on ways to ease Ghana's debt burden and obtain additional financing guarantees for its economic reform program supported by the Mon& Fund international trade (IMF). In reality, this same concern was at the heart of a three-day visit to Accra by a Chinese delegation in early March. The Ghanaian Ministry of Finance announced at the end of this visit that negotiations with China on the restructuring of bilateral debt were “very cordial and fruitful.”

On March 2, Beijing specified that bilateral loans provided by Chinese creditors to Ghana represent only less than 5% of the West African country's total debt, estimated at $29.2 billion.