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BusinessGhana's US$20bn debt deal in danger due to Anti-LGBT+ Bill - Bloomberg...

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Ghana’s US$20bn debt deal in danger due to Anti-LGBT+ Bill – Bloomberg report

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On Wednesday, May 8, 2024, Ghana’s Supreme Court commenced hearings on a case with far-reaching implications, poised to challenge the country’s $20 billion debt restructuring while also testing the World Bank’s stance on LGBTQ rights.

At the heart of the matter is legislation seeking to criminalize LGBTQ identification, threatening imprisonment for individuals and mandating reporting on LGBTQ individuals by family, colleagues, and educators.

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The court’s decision holds significant weight, as it could sway Ghana‘s debt restructuring and prompt the World Bank to reevaluate its support, torn between anti-poverty efforts and upholding liberal values.

Bloomberg News’ Ondiro Oganga delves into the potential societal and economic ramifications of enacting the legislation, in conversation with Joumanna Bercetche on Horizons Middle East & Africa.

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