Ghana will be Economically Doomed if Anti-gay Bill is Passed, Prof. Diamond Warns

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“Warning from Prof. Diamond: Ghana faces economic doom with passage of anti-gay bill. Learn more about the potential impacts.”

Professor Larry Diamond, a Democracy Scholar at the Hoover Institution and Stanford University, has cautioned about severe consequences for Ghana should the controversial anti-gay bill be enacted into law.

During an interview on Citi TV’s The Point of View with Bernard Avle, Professor Diamond, representing the Hoover Institution and Stanford University, asserted that the passage of the bill would have dire economic implications for Ghana.

He emphasized the likely constraints that foreign investors would impose on a nation seen as infringing upon the rights of a minority group, cautioning that such restrictions could impede Ghana’s economic growth.

Furthermore, Professor Diamond argued that Western countries are primarily driving the anti-gay agenda in Africa.

“I 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.

“The 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’t they be asking questions about this?” he asked.

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.

Meanwhile, the Ministry of Finance has urged President Akufo-Addo to refrain from approving the anti-LGBTQ+ bill recently endorsed by Parliament, citing potential significant financial repercussions for Ghana.

According to the Ministry, the enactment of the bill could result in substantial losses in World Bank funding, estimated at USD$3.8 billion over the next five to six years.

Source: Citi news


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