Franklin Cudjoe, the Founding President of Imani Africa, has weighed in on the Ministry of Finance’s counsel to President Akufo-Addo regarding the anti-gay bill, emphasizing the potential financial repercussions for Ghana if the bill is signed into law.
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Cudjoe supports the Ministry’s stance, highlighting the economic strain facing the country and the risk of losing significant budgetary support amounting to over three billion dollars.
Expressing concern over imprisoning individuals from the LGBTQ+ community for their identity rather than actions, Cudjoe advocates for a cautious approach towards the anti-gay bill.
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He underscores the importance of prioritizing Ghana’s financial stability and avoiding detrimental losses in external funding, especially in a challenging economic climate.
The Ministry’s warning about potential losses of $3.8 billion in World Bank funding over several years and $850 million in external economic support in 2024 underscores the gravity of the situation.
President Akufo-Addo’s decision on the bill is pending a Supreme Court case, indicating a thoughtful and deliberative approach to this complex issue. The discourse reflects a delicate balance between social values, financial considerations, and legal processes in shaping national policy.
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