Choosing China: Ghana's $3 Billion Loan Decision

Case Studies

This case examines the decision process concerning the 2011 $3 billion loan proposal from the China Development Bank (CDB) to the Government of Ghana. The Ghanaian Parliament chose to accept the Master Facility Agreement in December 2011. The loan has several conditions detractors identified that could negatively impact Ghana’s future oil revenues and debt structure. In mid-2011 (when the case takes place) the decision maker, MP Papa Owusu-Ankome, must choose whether to vote in support of this CDB loan or whether to go with other options, including delaying the choice or working with the World Bank.

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