Friday, 23 August 2013


Chinese Money for Ghana’s Natural Resources: The Real Cost PDF Print Email
Friday, 23 August 2013 09:27 China Africa Watch

Chinese Money for Ghana’s Natural Resources: The Real Cost

By Samuel Amanor

China’s growing interest in Africa has resulted in huge capital flows into the continent. From multi-billion dollar investments in oil and minerals, to the influx of thousands of merchants, labourers and cheap consumer goods, China’s economic and political reach is redefining Africa’s traditional ties with the international community. China’s trade with Ghana has now eclipsed that of the US, one of Ghana’s principal trading partners. However, widespread illegal gold mining activities by Chinese merchants and businessmen in Ghana have drawn media attention and ignited debate about China’s heavy investments and growing interest in Ghana.(2) The nature of Chinese investments with Ghana does not favour Ghana’s industrialisation in terms of both capacity and jobs.




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