$3bn Chinese loan to be disbursed soon - Iddrisu

Two billion dollars out of the $3 billion Chinese loan is yet to be disbursed. The amount will be used to establish landing beaches for fishermen.

Trade minister Haruna Iddrisu has told parliament that government is working on the disbursement of the remaining amount to be used for the intended purpose.


“2 billion of the 3 billion Chinese dollars loan remains undisbursed but when the intervention come, people will begin to see Landing sites emerge in the coastal belts from Ada through Discove” Haruna Iddrisu said.

Negotiations for the $3 billion Chinese loan started under late President John Evans Atta-Mills, the loan according to government will be used to engineer massive economic transformation in the country.