Assessing the Impact of Chinese Investment in Africa; A Case Study of Developmental Projects in Ghana

The main purpose of this study is to ascertain the impact of Chinese financing projects on various indicators in Africa and the economic development of the countries. To achieve the required objectives of the study, the study included the descriptive statistical research design which comprises of the qualitative and quantitative procedures for data gathering and analysis. The sample size of the study is 180 and the primary data were collected by using the stratified and purposive sampling technique. The study has revealed some major findings namely: (a) according to the mean rank of the characteristics of the Chinese foreign direct investment (FDI) in Ghana were found to be influenced to the indirect FDI investment with Chinese SOE, bilateral investment in public projects, and outsource contracts to Chinese Companies; (b) the influence of Chinese finance development on the Ghanaian businesses as rated very important by the respondents are supporting Infrastructure development, improve SMEs relationship development, and competitive impact; (c) the major challenges affecting adversely of Chinese investment in Ghana were found to be as political situation, local prices and inflation, and environmental Issues; (d) the necessary strategies which could improve Chinese investment were identified as seek Chinese FDI to help fund industrial and commercial construction in the private sector, framework for investment to impact on the economy much more, and improving on transparency framework for China FDI. The research study also showed that there has been progress in infrastructural development in Ghana as a result of the Chinese investment. Major policy implications are further deliberated