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

A ferry in Botswana. Photo @ Pixabay.
Botswana GDP rebounds 8.2% as diamond surge ends six-quarter slump
Read More »
The streets of Congo. Photo by Lock Larsen Ansalla @ Pixabay
IMF backs DR Congo with $442mn as Eurobond plans take shape
Read More »
Dr. George Elombi, President of Afreximbank and Mr. Tony Elumelu, Chairman, Heirs Energies Limited with the signed agreement. Photo: Afreximbank
Afreximbank seals $750mn financing with Heirs Energies to boost Nigeria’s oil output
Read More »

Recent Politics

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 »
African military exercise. Photo by Alexander McKinley @ Unsplash
Can a US-brokered deal finally end the DRC - Rwanda conflict?
Read More »

Latest Posts

Latest news insights