Ghana Faces $3.8 Billion Funding Cut Over Anti-LGBTQ Bill

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The Ghanaian government stands to lose $3.8 billion in World Bank funding due to the recent passage of an Anti-LGBTQ bill by parliament.

The finance ministry has urged President Nana Akufo-Addo to refrain from signing the contentious bill into law, seeking clarification from the Supreme Court on its constitutionality.

The bill, condemned by the US, UK, and human rights groups, faces legal challenges even before its enactment. Human rights organizations have filed petitions, anticipating a lengthy process in the Supreme Court.

The IMF, emphasizing diversity and inclusion, expressed concerns over Ghana’s potential discrimination policies. Despite its financial reliance on the IMF, Ghana risks losing crucial funding. The IMF recently disbursed an additional $600 million to aid Ghana’s economic recovery.

Ghana, amidst its debt restructuring process, confronts a pivotal moment where human rights, financial stability, and international relations intersect. The fate of the Anti-LGBTQ bill not only shapes Ghana’s legal landscape but also its global standing and economic stability.

Source: Parrot Nigeria

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