The Executive Board of the International Monetary Fund has approved the disbursement to Ghana about $1 Billion to be drawn under the Rapid Credit Facility.
This disbursement is to assist Ghana in addressing the urgent fiscal and balance of payments needs that Ghana faces in this era of the Coronavirus pandemic.
It’s expected that this disbursement would help to improve confidence in the Ghanaian economy and serve as catalyst for support from other development partners.
IMF Executive Board approves a US$1 billion disbursement to Ghana to address the COVID-19 Pandemic. Ghana acted fast not only in dealing with the virus but in makings its case to the Fund. https://t.co/iSTEOQj3iO
— Gabby Otchere-Darko (@GabbyDarko) April 13, 2020