Ghana: Finance ministry warns nation stands to lose $3.8B over controversial anti-LGBTQ invoice

Ghana: Finance ministry warns nation stands to lose $3.8B over controversial anti-LGBTQ invoice

Speaker of Ghana Parliament Alban Sumana Bagbin speaks on the Parliament Home in Accra, Wednesday, Feb. 28, 2024.

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Ghana’s finance ministry has warned the nation stands to lose a considerable quantity of financing from worldwide banks estimated at USD$3.8 billion over the subsequent 5 to 6 years ought to president Nana Akufo-Addo signal a controversial anti-LGBTQ invoice.

The affect may adversely have an effect on Ghana’s international trade reserves and trade price stability based on the Finance ministry’s assertion launched Monday.

“The Presidency might have a structured engagement with native conservative forces equivalent to non secular our bodies and faith-based organisations to speak the financial implications of the passage of the ‘Anti-LGBTQ’ Invoice and to construct a stronger coalition and a framework for supporting key improvement initiative that’s prone to be affected” the assertion added. 

The controversial laws which prohibits lesbian, homosexual, bisexual, and transgender (LGBT) actions and criminalises their promotion, advocacy, and funding within the west African nation, was unanimously handed by Parliament final week Wednesday after three years because it was launched.

If assented to by President Akufo-Addo, the Human Sexual Rights and Household Values (anti-LGBTQ+) invoice will amongst different issues, impose sanctions on willful promotion and interesting in LGBTQ actions in Ghana with a minimal sentence of six months and most of three years in jail for culprits. 

Activists and worldwide rights teams have condemned the invoice.

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