Ghana has applied to the World Bank and the International Monetary Fund to secure funding to fight the Covid-19 pandemic.
Addressing Parliament, Finance Minister, Ken Ofori-Atta, said Ghana has applied to the World Bank to tap into a-12 billion dollar fast track Covid-19 facility and the IMF for a 10 billion dollar facility to address the spread of the deadly virus.
According to him, an expected shortfall in revenue particularly from oil receipts, tourism and the aviation industry has compelled the government to borrow from the Breton Woods Institution to close the financing gap.
This, he believes, will help the nation address any potential threat on the fiscal economy.
The Minority Leader, Haruna Idrissu, asked the Minister of Finance, Ken Ofori-Atta to provide details on the 100 million dollars the President directed to be used to manage the coronavirus.
