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Bloomberg
Ghana signed eight cooperation agreements with China following talks between the two nations’ leaders in Beijing ahead of the Forum on China-Africa Cooperation that started on Monday.
The package of agreements included the $2 billion infrastructure deal Ghana reached in July with Sinohydro Corp. to improve its roads and develop railways in exchange for bauxite, according to a statement from the office of President Nana Akufo-Addo.
“We are looking seriously at how we can secure sources of long-term finance that will allow us to deal with our infrastructural development,†Akufo-Addo said.
China Harbour Engineering Co. also agreed to build the marine facilities for a liquefied natural-gas terminal in the port of Tema, which the company is currently extending, according to a separate statement.
Jiangnan Shipyard of China will construct the floating regasification facility, the presidency said in the statement.
When completed, the $350 million project will provide as much as 2 million tons of natural gas per year, and supply about 30 percent of Ghana’s total electricity generating capacity.