Ghana signs $10bn MoU with China for bauxite project – senior Minister

June 28, 2017

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Ghana has signed a $10-billion memorandum of understanding (MoU) with China to develop its bauxite industry, the country’s Senior Minister Yaw Osafo-Maafo said on Wednesday. Growth in the West African country slowed sharply in 2014 due to a fiscal crisis and tumbling commodity prices following years of economic expansion at around 8 percent on the back of gold, cocoa and oil exports.

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