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.

Recent Business

Central Bank of Egypt and Afreximbank sign MoU for the establishment of a Gold Bank Programme in Egypt. Photo @ Afreximbank
Africa moves to reclaim gold value chains with pan-African Gold Bank plan
Read More »
Power line or electricity line grids Photo by Fré Sonneveld @ Unsplash
Nigeria billionaire Femi Otedola exits Geregu Power in surprise $750mn deal
Read More »
Dr Cassiel Ato Forson, Ghana's Minister of Finance. Photo @ Ghana Parliament/Facebook
Ghana repays $709mn Eurobond obligation ahead of deadline
Read More »

Recent Politics

don-jackson-wyatt-sbhubyl7lWI-unsplash
US launches deadly airstrikes against terrorist groups in Nigeria
Read More »
African election. Photo by Mikhail Nilov @ Pexels
East Africa’s electoral bodies face credibility test over disputed polls
Read More »
Patrice Talon, President of Benin Photo @Patrice Talon/Facebook
Benin court backs constitutional overhaul, extending terms after coup scare
Read More »

Latest Posts

Latest news insights