Government requests parliamentary approval for $35m from World Bank to support coronavirus fight

Finance Minister, Ken Ofori-Atta

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Government has laid before parliament a request for approval of a $35 million agreement with the World Bank to support Ghana’s efforts to deal with spread of the Coronavirus.

The document put before the House is a financing agreement between the Ghana government and International Development Association for an amount of $35.

This is to finance Ghana's Covid-19 emergency preparedness and response project.

Speaker Prof. Mike Ocquaye on Saturday referred the agreement to the Finance Committee of Parliament for consideration and approval.

President Akufo-Addo earlier this month disclosed he has directed the release of $100 million to support various aspects of the economy survive the impact of the Covid-19 virus.

Finance Minister, Ken Ofori-Atta, subsequently told Parliament government was seeking to tap into a $12 billion World Bank Group fast track coronavirus facility, and a $10 billion IMF facility to address the coronavirus through Rapid Credit Facility.

Meanwhile, the Finance Minister is expected on the Floor of Parliament on Monday to brief MPs on other measures being taken to cushion the economy.

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Coronavirus in Ghana

World Bank