Ghana will get $1 billion through the International Monetary Fund's rapid credit facility. coronavirus
The credit is through the IMF's rapid credit facility to help Ghana as growth falters and the government's financing needs expand, the IMF said in a statement on its website.
"COVID-19 pandemic is already impacting Ghana severely. Growth is slowing down, slowing financial conditions have tightened, and the exchange rate is under pressure," the statement said. The aid disbursement will help"address the urgent fiscal and balance of payments needs that Ghana is facing, improve confidence, and catalyze support from other development."
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