{"id":129483,"date":"2024-03-06T14:31:49","date_gmt":"2024-03-06T14:31:49","guid":{"rendered":"https:\/\/www.africannewspaper.net\/2024\/03\/06\/ghanaian-finance-ministry-says-anti-lgbt-law-could-cost-billions\/"},"modified":"2024-03-06T14:31:51","modified_gmt":"2024-03-06T14:31:51","slug":"ghanaian-finance-ministry-says-anti-lgbt-law-could-cost-billions","status":"publish","type":"post","link":"https:\/\/www.africannewspaper.net\/2024\/03\/06\/ghanaian-finance-ministry-says-anti-lgbt-law-could-cost-billions\/","title":{"rendered":"Ghanaian finance ministry says anti-LGBT+ law could cost billions"},"content":{"rendered":"
\n

There may be vital doubt over whether or not the Ghanaian parliament\u2019s anti-LGBT+ regulation can be enacted after the nation\u2019s finance ministry signalled its opposition and President Nana Akufo-Addo mentioned he would await a Supreme Court docket ruling on the regulation\u2019s constitutionality.<\/p>\n

Final week, the Ghanian parliament handed a invoice proscribing jail sentences of as much as three years for people figuring out as LGBT+ and 5 years for these \u201cselling\u201d LGBT+ actions, however financial policymakers and human rights activists alike are hopeful that the laws will be blocked.<\/p>\n

In paperwork leaked to the media, Ghana\u2019s finance ministry urged that the transfer would jeopardise $3.8bn of World Financial institution funding over the following 5 to 6 years, which means that Ghana must reduce its 2024 funds by $600m. The nation\u2019s Monetary Stability Fund, which supplies liquidity to Ghanaian banks within the hope of enhancing macroeconomic stability, would additionally have to be reduce by $250m, the ministry argued.<\/p>\n

Ghana is already going through critical financial challenges having defaulted on virtually all its international debt in December 2022 and is the recipient of an ongoing $3bn IMF programme, of which a second tranche price $600m was disbursed in January. That in flip was anticipated to unlock $550m in World Financial institution funding.<\/p>\n

A withdrawal of future World Financial institution help would possible trigger additional turmoil. The World Financial institution has beforehand reduce off funding to African international locations that it deems to be regressing on human rights. Final yr, the financial institution halted new funding to Uganda after the nation criminalised the \u201cpromotion of homosexuality\u201d and launched the loss of life penalty for \u201caggravated homosexuality.\u201d Nevertheless, the Washington-based establishment has not but commented on Ghana\u2019s anti-LGBT+ invoice.<\/p>\n

The finance ministry additionally predicted that the laws would \u201cnegatively influence on Ghana\u2019s international alternate reserves and alternate price stability,\u201d and would even have \u201cdire penalties on the debt restructuring train and Ghana\u2019s long-term debt.\u201d<\/p>\n

President pauses for thought<\/h2>\n

The proposed regulation additionally can not come into impact until it’s signed off by President Nana Akufo-Addo. He has since mentioned that he won’t signal the invoice till the Supreme Court docket guidelines on its constitutionality \u2013 a authorized course of that might take the remainder of the yr.<\/p>\n

Whereas beforehand saying that he would cross the invoice if it was supported by the vast majority of Ghanaians, Akufo-Addo lately mentioned that \u201cno such [human rights] backsliding can be contemplated or occasioned.\u201d<\/p>\n

Genevieve Partington, Amnesty Worldwide\u2019s nation director for Ghana, tells African Enterprise<\/em> that she is hopeful the invoice can be blocked. It is because, regardless of the view expressed by the Ghanian parliament, each the president and his authorities look like in opposition to the transfer.<\/p>\n

\u201cOur president is a human rights activist himself and a lawyer, and I do know he’s conscious of the implications that might come Ghana\u2019s manner ought to he signal this into regulation,\u201d she says.<\/p>\n

\u201cThe Ministry of Finance, the Workplace of the Lawyer Common, and the Fee for Human Rights and Administrative Justice have all opposed the invoice.\u201d<\/p>\n

\u201cIt\u2019s good to see that authorities establishments are popping out to declare this invoice a non-starter,\u201d Partington provides. \u201cWe\u2019re hopeful that the invoice won’t be signed.\u201d<\/p>\n

Nevertheless, she provides that LGBT+ people are going through elevated discrimination no matter whether or not the invoice in the end finally ends up on the statute books.<\/p>\n

\u201cFor the reason that invoice was handed, there have been cases of violence in direction of LGBT+ neighborhood members, the place now we have individuals being overwhelmed up and being extorted for cash as a result of they’re suspected of being a part of the LGBT neighborhood.\u201d<\/p>\n

Partington can also be involved that, within the occasion the invoice comes into regulation, this might spark a broader anti-LGBT+ development inside West Africa.<\/p>\n

\u201cThe problem right here is that Ghana has historically been a pioneer of human rights within the area,\u201d she says. \u201cIf we cross this invoice, I can solely think about what the remainder of West Africa will do \u2013 they’d most likely comply with swimsuit.\u201d<\/p>\n<\/div>\n

Supply: african.business<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

There may be vital doubt over whether or not the Ghanaian parliament\u2019s anti-LGBT+ regulation can be enacted after the nation\u2019s finance ministry signalled its opposition and President Nana Akufo-Addo mentioned he would await a Supreme Court docket ruling on the regulation\u2019s constitutionality. Final week, the Ghanian parliament handed a invoice proscribing jail sentences of as […]<\/p>\n","protected":false},"author":1,"featured_media":129485,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"yoast_head":"\nGhanaian finance ministry says anti-LGBT+ law could cost billions - African News Paper<\/title>\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.africannewspaper.net\/2024\/03\/06\/ghanaian-finance-ministry-says-anti-lgbt-law-could-cost-billions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ghanaian finance ministry says anti-LGBT+ law could cost billions - African News Paper\" \/>\n<meta property=\"og:description\" content=\"There may be vital doubt over whether or not the Ghanaian parliament\u2019s anti-LGBT+ regulation can be enacted after the nation\u2019s finance ministry signalled its opposition and President Nana Akufo-Addo mentioned he would await a Supreme Court docket ruling on the regulation\u2019s constitutionality. Final week, the Ghanian parliament handed a invoice proscribing jail sentences of as […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africannewspaper.net\/2024\/03\/06\/ghanaian-finance-ministry-says-anti-lgbt-law-could-cost-billions\/\" \/>\n<meta property=\"og:site_name\" content=\"African News Paper\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-06T14:31:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-06T14:31:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/africannewspaper.net\/wp-content\/uploads\/2024\/03\/000_34jm4l3-1024x683.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"683\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africannewspaper.net\/#website\",\"url\":\"https:\/\/www.africannewspaper.net\/\",\"name\":\"African News Paper\",\"description\":\"We bring Africa Closer To you\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africannewspaper.net\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.africannewspaper.net\/2024\/03\/06\/ghanaian-finance-ministry-says-anti-lgbt-law-could-cost-billions\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/africannewspaper.net\/wp-content\/uploads\/2024\/03\/000_34jm4l3-1024x683.jpg\",\"contentUrl\":\"https:\/\/africannewspaper.net\/wp-content\/uploads\/2024\/03\/000_34jm4l3-1024x683.jpg\",\"width\":1024,\"height\":683},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africannewspaper.net\/2024\/03\/06\/ghanaian-finance-ministry-says-anti-lgbt-law-could-cost-billions\/#webpage\",\"url\":\"https:\/\/www.africannewspaper.net\/2024\/03\/06\/ghanaian-finance-ministry-says-anti-lgbt-law-could-cost-billions\/\",\"name\":\"Ghanaian finance ministry says anti-LGBT+ law could cost billions - African News Paper\",\"isPartOf\":{\"@id\":\"https:\/\/www.africannewspaper.net\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africannewspaper.net\/2024\/03\/06\/ghanaian-finance-ministry-says-anti-lgbt-law-could-cost-billions\/#primaryimage\"},\"datePublished\":\"2024-03-06T14:31:49+00:00\",\"dateModified\":\"2024-03-06T14:31:51+00:00\",\"author\":{\"@id\":\"https:\/\/www.africannewspaper.net\/#\/schema\/person\/19893f3a11e0429bf3219300d406960a\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.africannewspaper.net\/2024\/03\/06\/ghanaian-finance-ministry-says-anti-lgbt-law-could-cost-billions\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africannewspaper.net\/2024\/03\/06\/ghanaian-finance-ministry-says-anti-lgbt-law-could-cost-billions\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africannewspaper.net\/2024\/03\/06\/ghanaian-finance-ministry-says-anti-lgbt-law-could-cost-billions\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africannewspaper.net\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ghanaian finance ministry says anti-LGBT+ law could cost billions\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africannewspaper.net\/#\/schema\/person\/19893f3a11e0429bf3219300d406960a\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.africannewspaper.net\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/e23d29bdcdae20b5bf12dca33252ec65?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/e23d29bdcdae20b5bf12dca33252ec65?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"https:\/\/africannewspaper.net\"],\"url\":\"https:\/\/www.africannewspaper.net\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Ghanaian finance ministry says anti-LGBT+ law could cost billions - African News Paper","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africannewspaper.net\/2024\/03\/06\/ghanaian-finance-ministry-says-anti-lgbt-law-could-cost-billions\/","og_locale":"en_US","og_type":"article","og_title":"Ghanaian finance ministry says anti-LGBT+ law could cost billions - African News Paper","og_description":"There may be vital doubt over whether or not the Ghanaian parliament\u2019s anti-LGBT+ regulation can be enacted after the nation\u2019s finance ministry signalled its opposition and President Nana Akufo-Addo mentioned he would await a Supreme Court docket ruling on the regulation\u2019s constitutionality. Final week, the Ghanian parliament handed a invoice proscribing jail sentences of as […]","og_url":"https:\/\/www.africannewspaper.net\/2024\/03\/06\/ghanaian-finance-ministry-says-anti-lgbt-law-could-cost-billions\/","og_site_name":"African News Paper","article_published_time":"2024-03-06T14:31:49+00:00","article_modified_time":"2024-03-06T14:31:51+00:00","og_image":[{"width":1024,"height":683,"url":"https:\/\/africannewspaper.net\/wp-content\/uploads\/2024\/03\/000_34jm4l3-1024x683.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/www.africannewspaper.net\/#website","url":"https:\/\/www.africannewspaper.net\/","name":"African News Paper","description":"We bring Africa Closer To you","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africannewspaper.net\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","@id":"https:\/\/www.africannewspaper.net\/2024\/03\/06\/ghanaian-finance-ministry-says-anti-lgbt-law-could-cost-billions\/#primaryimage","inLanguage":"en-US","url":"https:\/\/africannewspaper.net\/wp-content\/uploads\/2024\/03\/000_34jm4l3-1024x683.jpg","contentUrl":"https:\/\/africannewspaper.net\/wp-content\/uploads\/2024\/03\/000_34jm4l3-1024x683.jpg","width":1024,"height":683},{"@type":"WebPage","@id":"https:\/\/www.africannewspaper.net\/2024\/03\/06\/ghanaian-finance-ministry-says-anti-lgbt-law-could-cost-billions\/#webpage","url":"https:\/\/www.africannewspaper.net\/2024\/03\/06\/ghanaian-finance-ministry-says-anti-lgbt-law-could-cost-billions\/","name":"Ghanaian finance ministry says anti-LGBT+ law could cost billions - African News Paper","isPartOf":{"@id":"https:\/\/www.africannewspaper.net\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africannewspaper.net\/2024\/03\/06\/ghanaian-finance-ministry-says-anti-lgbt-law-could-cost-billions\/#primaryimage"},"datePublished":"2024-03-06T14:31:49+00:00","dateModified":"2024-03-06T14:31:51+00:00","author":{"@id":"https:\/\/www.africannewspaper.net\/#\/schema\/person\/19893f3a11e0429bf3219300d406960a"},"breadcrumb":{"@id":"https:\/\/www.africannewspaper.net\/2024\/03\/06\/ghanaian-finance-ministry-says-anti-lgbt-law-could-cost-billions\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africannewspaper.net\/2024\/03\/06\/ghanaian-finance-ministry-says-anti-lgbt-law-could-cost-billions\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.africannewspaper.net\/2024\/03\/06\/ghanaian-finance-ministry-says-anti-lgbt-law-could-cost-billions\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africannewspaper.net\/"},{"@type":"ListItem","position":2,"name":"Ghanaian finance ministry says anti-LGBT+ law could cost billions"}]},{"@type":"Person","@id":"https:\/\/www.africannewspaper.net\/#\/schema\/person\/19893f3a11e0429bf3219300d406960a","name":"admin","image":{"@type":"ImageObject","@id":"https:\/\/www.africannewspaper.net\/#personlogo","inLanguage":"en-US","url":"https:\/\/secure.gravatar.com\/avatar\/e23d29bdcdae20b5bf12dca33252ec65?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/e23d29bdcdae20b5bf12dca33252ec65?s=96&d=mm&r=g","caption":"admin"},"sameAs":["https:\/\/africannewspaper.net"],"url":"https:\/\/www.africannewspaper.net\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/www.africannewspaper.net\/wp-json\/wp\/v2\/posts\/129483"}],"collection":[{"href":"https:\/\/www.africannewspaper.net\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africannewspaper.net\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africannewspaper.net\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africannewspaper.net\/wp-json\/wp\/v2\/comments?post=129483"}],"version-history":[{"count":1,"href":"https:\/\/www.africannewspaper.net\/wp-json\/wp\/v2\/posts\/129483\/revisions"}],"predecessor-version":[{"id":129484,"href":"https:\/\/www.africannewspaper.net\/wp-json\/wp\/v2\/posts\/129483\/revisions\/129484"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africannewspaper.net\/wp-json\/wp\/v2\/media\/129485"}],"wp:attachment":[{"href":"https:\/\/www.africannewspaper.net\/wp-json\/wp\/v2\/media?parent=129483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africannewspaper.net\/wp-json\/wp\/v2\/categories?post=129483"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africannewspaper.net\/wp-json\/wp\/v2\/tags?post=129483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}