{"id":166305,"date":"2024-03-28T06:01:04","date_gmt":"2024-03-28T06:01:04","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/03\/28\/ghana-will-be-economically-doomed-if-anti-gay-bill-is-passed\/"},"modified":"2024-03-28T06:01:04","modified_gmt":"2024-03-28T06:01:04","slug":"ghana-will-be-economically-doomed-if-anti-gay-bill-is-passed","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/03\/28\/ghana-will-be-economically-doomed-if-anti-gay-bill-is-passed\/","title":{"rendered":"Ghana will be economically doomed if anti-gay bill is passed"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Prof. Larry Diamond, Democracy Scholar at Hoover Institute and Stanford University, has warned of dire consequences for Ghana if the contentious anti-gay bill becomes law.<\/p>\n<p>The Ministry of Finance has already urged President Akufo-Addo to withhold his approval of the anti-LGBTQ+ bill recently passed by Parliament.<\/p>\n<p>The Ministry warned that the bill\u2019s ratification could lead to significant financial repercussions for Ghana.<\/p>\n<p>The Ministry\u2019s statement indicated that Ghana could lose a considerable amount of World Bank funding, with an estimated potential loss of USD$3.8 billion over the next five to six years.<\/p>\n<p>In an interview with Bernard Avle on Citi TV\u2019s <em><strong>The Point of View<\/strong><\/em>, Professor Diamond, from the Hoover Institute and Stanford University, argued that the bill\u2019s passage would be economically catastrophic for Ghana.<\/p>\n<p>He highlighted the restrictions that foreign investors would impose on Ghana as a country infringing on the rights of a minority group.<\/p>\n<p>He argued that Western countries are solely promoting the anti-gay agenda in Africa.<\/p>\n<p>\u201cI would remind people of what some friends of Ghana have been saying. This act will be a disaster for Ghana economically [if passed into law]. Because Western companies are not going to come and invest in a country that is pummeling minority rights.<\/p>\n<p>\u201cThe extreme religious rights have failed to achieve this religious agenda in the United States. And so now they are coming to Africa to try and push the agenda. People who complain about neo-colonialism? Shouldn\u2019t they be asking questions about this? he asked.<\/p>\n<p>On March 18, the Presidency sent a letter to Parliament, halting the transmission of the anti-LGBTQ+ Bill for assent due to legal issues. The Speaker of Parliament, Alban Bagbin, criticized President Nana Addo Dankwa Akufo-Addo for his decision.<\/p>\n<p><em><strong>\u2014\u2013<\/strong><\/em><\/p>\n<p><em><strong>Explore the world of impactful news with CitiNewsroom on WhatsApp!<\/strong><\/em><\/p>\n<p><em><strong>Click on the link to join the Citi Newsroom channel for curated, meaningful stories tailored just for YOU: https:\/\/whatsapp.com\/channel\/0029VaCYzPRAYlUPudDDe53x<\/strong><\/em><\/p>\n<p><em><strong>No spams, just the stories that truly matter! #StayInformed #CitiNewsroom #CNRDigital<\/strong><\/em><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Prof. Larry Diamond, Democracy Scholar at Hoover Institute and Stanford University, has warned of dire consequences for Ghana if the contentious anti-gay bill becomes law. The Ministry of Finance has already urged President Akufo-Addo to withhold his approval of the anti-LGBTQ+ bill recently passed by Parliament. The Ministry warned that the bill\u2019s ratification could lead [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":166306,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-166305","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ghana will be economically doomed if anti-gay bill is passed - Ghanamma.com<\/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.ghanamma.com\/2024\/03\/28\/ghana-will-be-economically-doomed-if-anti-gay-bill-is-passed\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ghana will be economically doomed if anti-gay bill is passed - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Prof. Larry Diamond, Democracy Scholar at Hoover Institute and Stanford University, has warned of dire consequences for Ghana if the contentious anti-gay bill becomes law. 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