$2bn Sino Hydro deal not loan agreement
September 28, 2018
The International Monetary Fund has stated that the $2billion Sino hydro deal with Ghana cannot be classified as a loan. The IMF formed this view on the Master Project Support Agreement (MPSA) after it concluded its mission visit to Ghana recently. The fund is arguing that the deal must be designed in a way that is consistent with Ghana’s overall debt strategy, value for money and should be well monitored.