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Coronavirus: $100m announced by Akufo-Addo not ready – Finance minister

The Finance Minister Ken Ofori-Atta has told Parliament that the $100 million announced by President Akufo-Addo to help the country fight the coronavirus  is not ready.

The president in a televised address to the nation last week said he had directed the finance minister to make the funds available to respond to the deadly virus.

Six cases have so far been confirmed in Ghana.

The amount, according to the President “is to fund the expansion of infrastructure, purchase of materials and equipment, and public education.”

But briefing Parliament about the fiscal impact of Covid-19 which has crushed the international capital market, Mr. Ofori-Atta disclosed Ghana has applied to the World Bank to tap into a $12 billion fast track Covid-19 facility and the IMF $10 billion facility to address the deadly virus.

According to the minister, the government will augment allocations from the two institutions with local resources.

The minority is, however, not enthused about the revelation of the Finance Minister.

Former deputy Finance Minister Cassiel Ato Forson argued the minister should have given the house details about the $100 million dollars for Covid-19.

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