Ghana's IMF Relations and LGBTQ Debate: Insights from Economics Professor John Gatsi

Ghana's IMF Relations and LGBTQ Debate: Insights from Economics Professor John Gatsi
Professor John Gatsi

Written by Afua Amankwanowa


Professor John Gatsi, an esteemed economics professor and dean at the University of Cape Coast Business School, has weighed in on Ghana's interactions with the International Monetary Fund (IMF) regarding LGBTQ issues. Gatsi clarified that LGBTQ-related conditions were not part of Ghana's discussions when seeking IMF external credit facility support. He interpreted the IMF's recent comments on Ghana's anti-LGBTQ+ bill as expressions of interest rather than imposed conditions.


Gatsi suggested that Ghana's finance ministry might be utilizing concerns about potential financial implications to influence President Akufo-Addo's decision regarding the bill passed by parliament. He observed intensive lobbying efforts in the lead-up to the bill's potential enactment.


During his remarks, Gatsi underscored that LGBTQ considerations were not included in Ghana's negotiations with the IMF. He emphasized that while financial support from entities like the World Bank is contingent upon parliamentary approval, LGBTQ issues were not among the stipulated conditions.


The finance ministry presented a report to President Akufo-Addo outlining potential financial repercussions, including the risk of losing over US$3.8 billion in World Bank financing if the anti-LGBTQ+ bill is signed into law. The report highlighted concerns about funding for ongoing projects, such as the Ghana Resilient Recovery Development Policy Operation and the Ghana Financial Stability Fund.


Given Ghana's reliance on IMF support for financial stability, Gatsi noted uncertainties about the impact on the approval of the third tranche of IMF assistance if the anti-LGBTQ+ bill is enacted.

Comments

More From 3Music News

3Music TV Supports Ayawaso Central Municipal District

3Music TV Supports Ayawaso Central Municipal District

3Music TV recently embarked on a mission to connect with its viewers and the community by extending warmth through donations to the Ayawaso Central Municipal District. Ahead of their highly-anticipated Sallahfest show at Alajo T-Junction, the 3Music TV team visited the district.

Joseph Adu-Preprah to Attempt Guinness World Record for Longest Drum Marathon

Joseph Adu-Preprah to Attempt Guinness World Record for Longest Drum Marathon

Joseph Adu-Preprah is set to break the Guinness World Record for the longest drum marathon by an individual with the ambitious attempt scheduled to take place from April 25th to May 2nd, 2024.

Yaw Tog Unveils Star-Studded Collaborators on His Latest Album YOUNG AND MATURED

Yaw Tog Unveils Star-Studded Collaborators on His Latest Album YOUNG AND MATURED

Yaw Tog has just released his highly anticipated debut album titled YOUNG AND MATURED, much to the excitement of his fans.

Prof Nana Ama Browne Klutse Makes History as First Female Physics Professor at University of Ghana in 75 Years

Prof Nana Ama Browne Klutse Makes History as First Female Physics Professor at University of Ghana in 75 Years

Prof Nana Ama Browne Klutse has been promoted from an associate professor to full professor, becoming the first female professor in physics produced by the esteemed institution in 75 years.

SZA to Be Honored by Songwriters Hall of Fame With Hal David Starlight Award

SZA to Be Honored by Songwriters Hall of Fame With Hal David Starlight Award

SZA, the talented singer-songwriter known for hits like LOVE GALORE and GOOD DAYS, is set to receive a prestigious honor from the Songwriters Hall of Fame.

Guinness Set To Host 3rd Edition of Accravaganza on April 20th

Guinness Set To Host 3rd Edition of Accravaganza on April 20th

Guinness Accravaganza returns for its third edition on April 20th 2024.

Superjazzclub Returns with a Genre-Bending Banger, OFF

Superjazzclub Returns with a Genre-Bending Banger, OFF

SuperJazzClub is BACK: Unveiling OFF, a Genre-Bending Masterpiece.

Stonebwoy Drops Scorching Hot EKELEBE Music Video with Odumodublvck

Stonebwoy Drops Scorching Hot EKELEBE Music Video with Odumodublvck

Ghanaian dancehall sensation Stonebwoy has just dropped the official music video for his latest single EKELEBE featuring fellow artiste Odumodublvck, sending waves of excitement through the music industry.

Ministry of Transport Cracks Down on Illegal Lorry Fares

Ministry of Transport Cracks Down on Illegal Lorry Fares

The Ministry of Transport has finally stepped in to address the age-old problem of illegal lorry fares.

Mr. Drew Drops Fire Dance Video for Infectious New Track SNEAKY

Mr. Drew Drops Fire Dance Video for Infectious New Track SNEAKY

Renowned artiste Mr. Drew has just dropped an electrifying official dance video for his latest single, SNEAKY.

Yaw Tog is Set to Release His Debut Album Come April 18

Yaw Tog is Set to Release His Debut Album Come April 18

Yaw Tog Unleashes Star-Studded Debut Album YOUNG AND MATURED - Set to Rock the Music Scene on April 18, 2024!

Iconic Highlife Legend Nana Acheampong Joins Forces With Fameye For Highly Anticipated Single

Iconic Highlife Legend Nana Acheampong Joins Forces With Fameye For Highly Anticipated Single

Iconic Highlife Legend Nana Acheampong Joins Forces with Fameye for Highly Anticipated Single Set to Drop on April 19!

More Similar Videos

No similar videos to show related to this post. Explore other sections.