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


Recent Business

Diamond on display. Photo by Jordyn St. John @ Unsplash
Are diamonds and copper pushing Botswana towards a dangerous trade crisis?
Read More »
Vibrant street market scene with tuk-tuks in Egypt. Photo by Tito Zzzz @ Pexels
Can Egypt’s inflation fight trap Africa’s biggest Arab economy deeper?
Read More »
A joyful couple streaming movie on phone. Photo by Askar Abayev @Pexels
Why Africa’s streaming market still struggles to attract global investors
Read More »

Recent Politics

A protester holding the Kenyan flag during a demonstration in Nairobi's streets. Photo: @Pexels
How Ruto’s fuel policies triggered public outrage in Kenya
Read More »
French President Emmanuel Macron and Kenyan leader William Ruto at the Africa Forward Summit. Photo @William Ruto/Facebook
Can France win Anglophone Africa after Sahel influence collapse?
Read More »
French President Emmanuel Macron in Africa recently. Photo @Emmanuel Macron/Facebook
Will France’s €23bn Africa pledge finally deliver beyond summit diplomacy?
Read More »

Latest Posts

Latest news insights