Preview: Total Recall: Where is the $2bn Sinohydro money?

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On Total Recall this morning, JoyNews asks, where is the $2 billion Sinohydro money meant to fix Ghana’s infrastructure needs?

As part of a memorandum signed between Ghana and China in 2018, Beijing will finance $2 billion worth of rail, road and bridge networks, and in exchange, China will be granted access to 5% of Ghana’s bauxite reserves.

The deal has drawn criticism from environmental activists, political opposition, and international government investment partners, with a new report from risk consultancy EXX Africa highlighting a lack of transparency and an increasing threat to debt sustainability.

But three years after the agreement with the Chinese, JoyNews is learning that government has so far only managed to access $80 million for ongoing projects.

So what happened to the Sinohydro money and the projects it was to fund?

Evans Mensah has been finding out for Total Recall.

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Evans Mensah

Sinohydro deal

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