Search

Ghana’s Anti-LGBTQ Legislation Threatens $3.8 Billion in World Bank Lending

  • Ghana’s Finance Ministry warns the anti-LGBTQ bill could cost the nation $3.8 billion in World Bank funds and jeopardise a $3 billion IMF loan.
  • The bill faces international criticism and threatens Ghana’s foreign exchange and debt sustainability.

 

Ghana’s legislative push against LGBTQ rights could severely impact its financial health, with apotential loss of $3.8 billion in World Bank financing over the next six years, according to a note fromthe finance ministry covertly released to journalists today.

This article is free to read.

Sign up for free or sign in to continue
reading. Unlike our competitors, we don't force you to pay
to read the news but we do need your email address to
make your experience better.

Create your free account or sign in


By signing in, you agree to receive Allen Dreyfus newsletters and updates. You can unsubscribe at any time.

Recent Business

Copper mine. Photo by Jandira Sonnendeck @ Unsplash
Can Arc Minerals deliver? Africa’s copper ambitions face funding test
Read More »
Diamond. Photo by Plato Terentev @ Pexels
Is Africa’s diamond recovery real? De Beers exposes cracks
Read More »
A crowd of people waiting in line at a ticket station in Beijing, China, Photo by Zhang Kaiyv @ Pexels
Who wins Africa’s race for China’s yuan payments?
Read More »

Recent Politics

Abiy Ahmed Ali, Prime Minister of Ethiopia. Photo @Abiy Ahmed Ali/X
Could Ethiopia’s Eritrea crisis derail its debt recovery?
Read More »
Healthcare worker puts on PPE gear in a medical facility for safety and protection. Photo by CDC @Pexels
Nigeria’s Ebola test: Can containment safeguard investor confidence?
Read More »
The war in Sudan has displaced thousands of people. Photo @ Pexels
World Bank’s $100bn crisis shield exposes investment divide
Read More »

Latest Posts

Latest news insights