Covid-19 caused Ghana Ghc21 billion-Adu Boahen

The minister for state nominee at the Finance Ministry, Charles Adu Boahen, has disclosed that the management of Covid-19 caused the country Ghc21 billion.

The former deputy finance minister disclosed this when he appeared before the vetting committee today, Wednesday, June 2, 2021.

According to him, GHS18 billion out of the was funded through borrowing, with the remaining amount sourced from grants and the Stabilisation Fund.

“COVID-19 cost us [Ghana] about GHS21 billion. Of that amount, about GHS18 billion of it was funded through borrowing, and the rest came to us as grants, [along with] some monies from the Stabilisation Fund.”

He added that the amount represents 13% of Ghana’s GPD.


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