European Union has mobilised €86.5 million in emergency budget support to help Ghana in tackling the consequences of the coronavirus pandemic. As part of Team Europe global response to the COVID-19, this funding will support Ghana to relieve some of the macroeconomic and financial pressure it is facing, including urgent fiscal and balance of payments needs. These funds follow the budget support agreement that the European Commission and Ghana signed on 30 September 2020 and which will be disbursed in one single shot.
Commissioner for International Partnerships, Jutta Urpilainen, said: “Our Team Europe response to COVID-19 is offering immediate support to our partner in responding to the crisis. It is also about building a long-term recovery, a greener, fairer, and more sustainable world for future generations. I am delighted that our support to Ghana covers both of these crucial aims.”