Search

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

Subscriber only Subscriber only
  • 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.

You need an active subscription to continue reading this article.

Recent Business

Dr Johnson Asiama, Governor of the Bank of Ghana @ Facebook/BoG
Ghana cuts rates to 21.5% as inflation slows to four-year low
Read More »
Gold mine. Photo by Ricardo Gomez Angel @ Unsplash
South Africa’s mining rebounds 4.4% in July on iron ore, PGMs
Read More »
Addis Ababa, Ethiopia. Photo by Daniel Emale @ Unsplash
Ethiopia secures AfDB grant to boost capital market reforms
Read More »

Recent Politics

Steel factory. Photo by Peter Herrmann @ Unsplash
Nigeria’s steel dreams still idle after billions spent
Read More »
Youths in Nigeria protest against brutalities Photo by Ayoola Salako @ Unsplash
Nigeria inflation slows to 20.12% in August, fuelling rate cut hopes
Read More »
Nairobi, Kenya © Unsplash
Kenya-Somalia tensions threaten vital khat trade
Read More »

Latest Posts

Latest news insights