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Ms. Botchwey informed the Chinese government of how the lending mechanism was used when she had bilateral talks with her Chinese counterpart, Wang Yi.
The talks were held on the sidelines of the FOCAC coordinators' meeting held recently in China.
She told Chinese Foreign Minister Wang Yi that of the $ 3 billion, one billion had been used to carry out the Western Corridor Gas Infrastructure Project and the Integrated Improvement Project. communications for national security.
Ms. Botchwey further indicated that Ghana intended to use $ 1 billion of facility for two major rail projects.
She said that Ghana's finance minister is in the process of settling details with his Chinese counterpart.
She said the Ghanaian finance minister must also seek support from his Chinese counterpart for the two essential projects to open the untapped areas of Ghana's economy.
The Minister of Foreign Affairs revealed that the Government of Ghana has set up the Ghana Integrated Aluminum Development Corporation to develop our aluminum industry, which is seriously seeking partners to build the aluminum refinery, of which the product would be used for the maintenance of the installation.
She said that Ghana and China had signed two subsidiary agreements for the construction of about 11 fishing ports and landing sites, as well as the information traffic management projects in the metropolitan area. ; Accra.
In addition, she explained that debt sustainability was one of the main economic policy objectives pursued by the Ghana Government's "Ghana Beyond Aid" program. She noted that the West African country was continually working to reduce its debt-to-gross domestic product ratio.
At the same time, the two Foreign Ministers stressed the importance of strengthening bilateral relations between Ghana and China, which dates back to 5 July 1960.
Botchwey highlighted the warm atmosphere of Sino-Ghanaian relations under the able leadership of Presidents Akufo-Addo and Xi Jinping.
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