The ministry pointed out that if the bill becomes law, it would affect World Bank financing of government projects to the tune of US$3.8 billion. Here is the breakdown of how the anti-gay bill would hurt Ghana’s economy if it is passed into law, according to the Ministry of Finance:Impact on World Bank funded programmesi. Full details of the World Bank portfolio are attached as Appendix 1 & 2.vi. In total, Ghana is likely to lose US$3.8 billion in World Bank financing over the next five to six years. Impact on African Development Bank ProgrammesThe African Development Bank has indicated that the passage of the bill will not have any adverse impact on the cooperation with Ghana.

Source: GhanaWeb March 04, 2024 15:19 UTC