Business News of Tuesday, 8 June 2021Source: www.ghanaweb.com• An Economist has said the government used monies from the stabilization fund to fight the pandemic and not the loan facility given out by the IMF. According to him, the country used the stabilization fund to help tackle the situation by providing foods, water and electricity among others to the people. Speaking in an interview with GhanaWeb’s Amos Ekow Coffie, Mr Domfe said, money used for Ghana's Coronavirus fight came from the stabilization fund, which is meant to be an emergency fund. We have the stabilization fund, annual budget stabilization fund and the heritage fund. Meanwhile, the Country Director for the International Monetary Fund (IMF), Dr. Albert Touna Mama, has said the IMF gave Ghana about $1billion to help sustain the economy in the face of the pandemic.

Source: GhanaWeb June 08, 2021 17:48 UTC