Finance Minister Ken Ofori-Atta has hinted that government will seek to enhance its relationship with China in order to help develop  the country's  economy.

Mr Ofori Atta  says  the ministry would on Monday hold its second meeting with the Chinese embassy since President Nana Akufo-Addo was sworn in on January 7, noting that loans would be on the agenda, he told reporters on Sunday.

China Development Bank agreed a $3 billion loan facility with Ghana in 2011, a move which the NPP  criticised and disassociated itself from when it was brought to parliament for approval. Only  about $1 billion was disbursed  since then.

In 2011, the Attah Mills  government secured a $3 billion loan from the China Development Bank (CDB), which is state-owned, for major infrastructure development projects in Ghana.

However the then  minority in parliament (NPP) abstained from the voting when  the loan agreement was approved by Parliament in August 2011 amid controversy over the terms and conditions of the loan agreement.

Akufo-Addo came to power after campaigning on promises to create jobs, restore fiscal discipline and promote development while seeking to restore Ghana to its position as one of Africa's most dynamic economies, and china is considered as key to the country's economic development.government

Since taking over the finance ministry, Ofori-Atta has said the budget deficit and government debt are much higher than had been expected, adding pressure to public finances.

China plays a major role in Ghana's economy, both as a source of imports of consumer goods and also as an importer of Ghana's gold, oil and cocoa.