African finance ministers have appealed for a $100 billion bailout package from international lenders to cushion their economies from effects of the coronavirus pandemic, which has put the entire continent in virtual lockdown.
In an appeal signed by South African Minister for Finance Tito Mboweni and his Ghanaian counterpart Ken Ofori-Atta, the African governments estimate that the economic disruption from the spread of coronavirus will cut the continent’s GDP by at least two to three percentage points this year.
