{"id":68424,"date":"2024-03-10T06:15:56","date_gmt":"2024-03-10T06:15:56","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/?p=68424"},"modified":"2024-03-10T06:09:34","modified_gmt":"2024-03-10T06:09:34","slug":"imf-programme-terms-did-not-include-anti-lgbtqi-bill-and-will-not-be-affected","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/imf-programme-terms-did-not-include-anti-lgbtqi-bill-and-will-not-be-affected","title":{"rendered":"IMF Programme terms did not include Anti-LGBTQI bill and will not be affected"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Ghana. <\/strong><\/span><b>Member of Parliament for Asante-Akim North, Andy Appiah Kubi has allayed fears that Ghana\u2019s passage and implementation of the Anti-LGBTQI bill will constraint financial support from the IMF.<\/b><\/p>\n<p>The Legislator in an interview explained that at the time of the negotiations between Ghana and IMF, any passage of the bill was not included.<\/p>\n<p>He said the IMF will only be involving in a breach of contract if it decides to suspend its financial assistance to Ghana because of the passage of the Anti-LGBTQI bill.<\/p>\n<p>According to him, the IMF cannot suddenly suspend its programme because it had already disbursed some tranche of the funds.<\/p>\n<p>\u201cWe have terms of the arrangement within the IMF programme and it did not include our passage of this bill because at the time they were negotiating it was not an issue that was raised.<\/p>\n<p>\u201cSo, if IMF says because we have passed this bill, we are not going to respect a contract that is already in motion and have already disbursed part of the amount so what will happen to the amount that has already been disbursed. Is it the case that they abrogate the contract at their expense in respect of the payment and do we have any rights under the agreement we had with them.<\/p>\n<p>\u201cThese are all contractual relations and so therefore we cannot purport to import new provisions into an arrangement that is already delivered and in motion so that fear of losing grounds with the IMF programme is unfounded,\u201d the MP noted on Saturday, March 9.<\/p>\n<p>Meanwhile, the Ministry of Finance has pointed out dire implications of assenting to the anti-LGBTQ+ Bill passed by Parliament.<\/p>\n<p>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<p>\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<p>However, some experts have criticised the IMF stating that its assertion is premature and unjustified.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/ghana\">Ghana<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Ghana. Member of Parliament for Asante-Akim North, Andy Appiah Kubi has allayed fears that Ghana\u2019s passage and implementation of the Anti-LGBTQI bill will constraint financial support from the IMF. The Legislator in an interview explained that at the time of the negotiations between Ghana and IMF, any passage of the bill was not [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":68423,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[5092,5096,429],"class_list":["post-68424","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-ghana","tag-ghana"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>IMF Programme terms did not include Anti-LGBTQI bill and will not be affected - Ghana<\/title>\n<meta name=\"description\" content=\"Member of Parliament for Asante-Akim North, Andy Appiah Kubi has allayed fears that Ghana\u2019s passage and implementatio ...\" \/>\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\/imf-programme-terms-did-not-include-anti-lgbtqi-bill-and-will-not-be-affected\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMF Programme terms did not include Anti-LGBTQI bill and will not be affected\" \/>\n<meta property=\"og:description\" content=\"Member of Parliament for Asante-Akim North, Andy Appiah Kubi has allayed fears that Ghana\u2019s passage and implementatio ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ghana\/all-news\/imf-programme-terms-did-not-include-anti-lgbtqi-bill-and-will-not-be-affected\" \/>\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=\"2024-03-10T06:15:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/03\/sm_1710038280.95145.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\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\/imf-programme-terms-did-not-include-anti-lgbtqi-bill-and-will-not-be-affected#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/imf-programme-terms-did-not-include-anti-lgbtqi-bill-and-will-not-be-affected\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"IMF Programme terms did not include Anti-LGBTQI bill and will not be affected\",\"datePublished\":\"2024-03-10T06:15:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/imf-programme-terms-did-not-include-anti-lgbtqi-bill-and-will-not-be-affected\"},\"wordCount\":414,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/imf-programme-terms-did-not-include-anti-lgbtqi-bill-and-will-not-be-affected#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/03\/sm_1710038280.95145.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Ghana\",\"ghana\"],\"articleSection\":[\"all news\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/imf-programme-terms-did-not-include-anti-lgbtqi-bill-and-will-not-be-affected#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/imf-programme-terms-did-not-include-anti-lgbtqi-bill-and-will-not-be-affected\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/imf-programme-terms-did-not-include-anti-lgbtqi-bill-and-will-not-be-affected\",\"name\":\"IMF Programme terms did not include Anti-LGBTQI bill and will not be affected - 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