{"id":68085,"date":"2024-03-05T18:47:38","date_gmt":"2024-03-05T18:47:38","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/?p=68085"},"modified":"2024-03-05T17:11:25","modified_gmt":"2024-03-05T17:11:25","slug":"ghana-to-lose-us3-8-billion-in-world-bank-financing-if-anti-lgbtq-is-assented","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-to-lose-us3-8-billion-in-world-bank-financing-if-anti-lgbtq-is-assented","title":{"rendered":"Ghana to lose US$3.8 billion in World Bank Financing if anti-LGBTQ+ is assented"},"content":{"rendered":"

Africa-Press – Ghana. <\/strong><\/span>The Ministry of Finance has pointed out dire implications of assenting to the anti-LGBTQ+ Bill passed by Parliament. <\/b><\/p>\n

In a brief on the implications of assenting to the Bill by President Akufo-Addo, the Ministry of Finance said the country stands to lose huge financial support from the Bretton Woods institutions.<\/p>\n

\u201cIn total, Ghana is likely to lose US$3.8 billion in World Bank Financing over the next five to six years. For 2024, Ghana will lose US$600 million budget support and US$250 million for the Financial Stability Fund. This will negatively impact Ghana\u2019s foreign exchange reserves and exchange rate stability as these inflows are expected to shore up the country\u2019s reserve position,\u201d part of the brief sighted.<\/p>\n

The Ministry of Finance provided the details as follows:<\/p>\n

The Ministry cautioned that, \u201cThe potential loss of these financial resources will create a financing gap in the 2024 budget that the government must address through additional domestic revenue mobilisation and a significant reduction in expenditure. Failing this, Government\u2019s ability to achieve the targets in the 2024 Budget will be undermined and the IMF-ECF Programme is likely to be derailed.\u201d<\/p>\n

Parliament on February 28 passed the Promotion of Human Sexual Rights and Ghanaian Family Values Bill.<\/p>\n

Parliament passes anti-LGBTQI bill<\/p>\n

\u201c3rd reading of the anti-lgbtq Bill passed by parliament, the bill has been passed,\u201dParliamentary correspondent Komla Klutse reported.<\/p>\n

Since then, some stakeholders have expressed disquiet about the passage of the Bill.<\/p>\n

\u2018I am saddened\u2019 \u2013 US Ambassador to Ghana on passage of anti-LGBTQ+ Bill<\/p>\n

Anti-LGBTQ Bill: Group calls on President not to assent when passed<\/p>\n

For More News And Analysis About Ghana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Ghana. The Ministry of Finance has pointed out dire implications of assenting to the anti-LGBTQ+ Bill passed by Parliament. In a brief on the implications of assenting to the Bill by President Akufo-Addo, the Ministry of Finance said the country stands to lose huge financial support from the Bretton Woods institutions. \u201cIn total, […]<\/p>\n","protected":false},"author":84,"featured_media":68084,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[5092,5096,429],"class_list":["post-68085","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-ghana","tag-ghana"],"yoast_head":"\nGhana to lose US$3.8 billion in World Bank Financing if anti-LGBTQ+ is assented - Ghana<\/title>\n<meta name=\"description\" content=\"The Ministry of Finance has pointed out dire implications of assenting to the anti-LGBTQ+ Bill passed by Parliament. ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-to-lose-us3-8-billion-in-world-bank-financing-if-anti-lgbtq-is-assented\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ghana to lose US$3.8 billion in World Bank Financing if anti-LGBTQ+ is assented\" \/>\n<meta property=\"og:description\" content=\"The Ministry of Finance has pointed out dire implications of assenting to the anti-LGBTQ+ Bill passed by Parliament. ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-to-lose-us3-8-billion-in-world-bank-financing-if-anti-lgbtq-is-assented\" \/>\n<meta property=\"og:site_name\" content=\"Ghana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-05T18:47:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/03\/sm_1709645967.090544.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"700\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-to-lose-us3-8-billion-in-world-bank-financing-if-anti-lgbtq-is-assented#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-to-lose-us3-8-billion-in-world-bank-financing-if-anti-lgbtq-is-assented\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Ghana to lose US$3.8 billion in World Bank Financing if anti-LGBTQ+ is assented\",\"datePublished\":\"2024-03-05T18:47:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-to-lose-us3-8-billion-in-world-bank-financing-if-anti-lgbtq-is-assented\"},\"wordCount\":284,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-to-lose-us3-8-billion-in-world-bank-financing-if-anti-lgbtq-is-assented#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/03\/sm_1709645967.090544.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Ghana\",\"ghana\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-to-lose-us3-8-billion-in-world-bank-financing-if-anti-lgbtq-is-assented#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-to-lose-us3-8-billion-in-world-bank-financing-if-anti-lgbtq-is-assented\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-to-lose-us3-8-billion-in-world-bank-financing-if-anti-lgbtq-is-assented\",\"name\":\"Ghana to lose US$3.8 billion in World Bank Financing if anti-LGBTQ+ is assented - 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