President Akufo-Addo administration requests rapid cash disbursement from IMF to respond to coronavirus economic challenges in Ghana

The administration of President Nana Akufo-Addo of Ghana has requested a rapid disbursement of cash from the International Monetary Fund (IMF) to help the West African nation respond to coronavirus economic challenges, IMF said in a statement received by TODAY NEWS AFRICA in Washington D.C.

“Last week, the IMF received Ghana’s request for a disbursement under the Rapid Credit Facility to help the country address the economic impact of the COVID-19 pandemic,” said IMF’s African Department director Abebe Aemro Selassie.

“We are working hard to evaluate the authorities’ request and bring it forward for Executive Board consideration as soon as possible,” he added.

As of Tuesday afternoon, Ghana had at least 52 confirmed coronavirus cases, including two deaths, according to a virus tracker maintained by Johns Hopkins University.

That number has escalated in the past few days and may even worsen in the days ahead.

Last week, the World Health Organization (WHO) sent a dire warning to Africa over COVID-19, the potentially deadly respiratory disease caused by coronavirus, saying the continent should wake up and prepare for the worst, adding that big religious gatherings that amplify the spread of the disease should be avoided.

“Africa should wake up, my continent should wake up,” WHO Director-General Dr. Tedros Adhanom Ghebreyesus, who is from the East African country of Ethiopia warned.

“The best advice for Africa is to prepare for the worst and prepare today,” Dr. Ghebreyesus added at a press briefing from Geneva.

The managing director of the International Monetary Fund (IMF) Kristalina Georgieva on Monday called for solidarity to limit the economic damage from COVID-19, the respiratory disease caused the novel coronavirus.

In her message following a conference call of G20 Finance Ministers and Central Bank Governors, Ms. Georgieva argued that the human costs of the coronavirus was already “immeasurable” and called for all countries to work together.

“The human costs of the Coronavirus pandemic are already immeasurable and all countries need to work together to protect people and limit the economic damage. This is a moment for solidarity—which was a major theme of the meeting today of the G20 Finance Ministers and Central Bank Governors,” she said.

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Simon Ateba
Simon Ateba
Based in Washington, District of Columbia, United States of America, Simon leads a brilliant team of reporters, freelance journalists, analysts, researchers and contributors from around the world to run TODAY NEWS AFRICA as editor-in-chief. Simon Ateba's journalistic experience spans over 10 years and covers many beats, including business and investment, information technology, politics, diplomacy, human rights, science reporting and much more. Write him: [email protected]


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