Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.Ghana’s finance ministry has advised President Nana Akufo-Addo against endorsing a highly contested anti-LGBTQ bill, warning that it could end up with the financially strapped country losing billions of dollars in World Bank funds.
A confidential four-page document from the finance ministry, obtained by AFP, highlighted that the economic fallout could disrupt Ghana’s 2024 budget plans. The country is emerging from its worst economic crisis in decades and is under a $3 billion loan programme from the International Monetary Fund .
It said although “there is no direct conditionality … relating to the passage of the bill … the non-disbursement of the budget support from the World Bank will derail the IMF programme. Akufo-Addo is stepping down after two terms and his ruling New Patriotic Party faces a tight race against the National Democratic Congress in December’s presidential election. The foreign loans, debt management, the economy and its recovery will be a major campaign theme in the run-up to the election.