Anti-LGBTQ+ Bill: If all of these threats are carried through, how are we dealing with it?, asks economist

The World Bank threatens to cancel loans earmarked for Ghana should the country pass the controversial Anti-LGBTQI+ Bill into law

Economist Courage Boti has emphasised the pivotal decision Ghana must make regarding the controversial “Anti-LGBTQ+ Bill.

Boti, who was speaking on the 12 o’clock Report on Asaase 99.5 Monday (4 March), expressed concerns over Ghana potentially losing out on US$3.8 billion in World Bank funding if the contentious bill transitions into law. This funding holds immense significance for Ghana’s collaboration with the International Monetary Fund (IMF) and raises critical questions about the nation’s fiscal strategy.

“It means it is one of two things: are we trimming our expenditure significantly to keep the programme in check or we are increasing domestic revenue to keep the programme in check? If all of these threats are carried through, how are we dealing with it? I think that is the critical question we need to take as a nation,” Boti articulated.

The economist stressed the necessity for Ghana to confront the impending challenges head-on stating, “If we think this whole conversation is so important to us and we must proceed with it, then we must decide which course of action to take.

“Are Ghanaians in position to absorb more tax? Can we cut the budget any further and will there be ramifications for us? We have to make a toss, and that is what comes with being an adult; you make a choice, and you live with the consequences. So we have a choice to make, and we can only look at the president and his team on how they proceed from here.”

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