Anti-gay, Lesbian bill: Ghana to lose $3.8billion world bank funding – Newstrends
Connect with us

Africa

Anti-gay, Lesbian bill: Ghana to lose $3.8billion world bank funding

Published

on

Anti-gay, Lesbian bill: Ghana to lose $3.8billion world bank funding

The Ghanian government is posed to lose the total of $3.8 billion in World Bank funding over a recent Anti-LGBTQ bill passed by its parliament last week.

The finance ministry of Ghana has appealed to the president to withhold his signature from the contentious bill against LGBT rights, which was approved by parliament.

According to the BBC, the financial authorities in Ghana is suggesting that President Nana Akufo-Addo postpone the enactment of the bill until a Supreme Court decision verifies its compliance with the constitution.

Meanwhile, human rights organizations filed a legal challenge against the bill even before its approval by parliament, though it’s anticipated that the Supreme Court won’t hear the case for a while.

The US, UK and various human rights groups have already condemned the bill, which was backed by both of Ghana’s two main political parties.

On his part, Akufo-Addo is said to be engaging in consultations with important governmental departments and donors to gauge the effects of the Proper Human Sexual Rights and Ghanaian Family Values legislation.

According to the IMF, diversity and inclusion are values it embraces.

READ ALSO:

“Our internal policies prohibit discrimination based on personal characteristics, including but not limited to gender, gender expression, or sexual orientation. Like institutions, diverse and inclusive economies flourish.

“We are watching recent developments in Ghana closely.

“We cannot comment on a bill that has not yet been signed into law and whose economic and financial implications we have yet to assess,” IMF told Bloomberg in response to the bill.

What you should know
Ghana heavily leans on the IMF for its financial well-being. In the aftermath of a debt default, it requested a $3 billion lifeline and is now involved in the process of rearranging its debt obligations.

On January 19, the IMF sanctioned the disbursement of an additional $600 million to Ghana as part of its three-year crisis intervention plan.

Meanwhile, officials warn that Ghana might forfeit around $850 million in aid this year with the recent bill, a loss expected to further strain the struggling economy, deplete foreign reserves, and impact the stability of the exchange rate.

Uganda adopted a similar policy the last year, imposing stricter penalties that include life imprisonment and even the death penalty. Following this, the nation was subjected to severe economic sanctions from diverse international groups.

The World Bank then stopped its financial support for Uganda in response to concerns over human rights, specifically regarding the country’s anti-homosexuality law.

The United States also removed Uganda from the Africa Growth and Opportunity Act (AGOA), a trade initiative started in 2000 aimed at enhancing economic ties between the U.S. and African nations.

Anti-gay, Lesbian bill: Ghana to lose $3.8billion world bank funding

Africa

Fuel hits N8,000/litre in Niger, country seeks help from Nigeria

Published

on

Fuel hits N8,000/litre in Niger, country seeks help from Nigeria

With the fuel crisis bedevilling the Republic of Niger, some of its military officials have visited Abuja to seek support from Nigeria to tackle the shortage of Premium Motor Spirit in the country.

It was gathered that the delegation successfully got the approval for 300 trucks of fuel from the Nigerian government.

Trouble started for Niger -which has been reliant on a Chinese refinery – after the refinery was shut down due to some misunderstanding with the supplier.

This led to Niger turning to Nigeria for help to ameliorate the fuel shortage experienced by the country.

READ ALSO:

Officials from the Nigerian government noted that the deal was approved with the hope of using it as a bargaining tool with Niger.

“We do not want to blow our trumpet. Rather, we want to use it as a bargaining chip for negotiation, as we continue to engage with them to bring them back to ECOWAS.

“Let them get more from us. I am confident that gradually they will come back to ECOWAS because they do not have enough resources to import food to sustain their citizens,” the official said while pleading anonymity.

Sources stated that fuel prices in Niger were hitting N8,000 per litre

However, some transborder businessmen have attributed the fuel scarcity in Niger to the lingering relationship between the country and Nigeria.

They noted that in some cross-border towns to Niger, fuel is being sold for between 1,200 CFA and N3,500 (N2,500 and N8,500).

Fuel hits N8,000/litre in Niger, country seeks help from Nigeria

Continue Reading

Africa

ECOWAS activates standby force against insurgency

Published

on

ECOWAS activates standby force against insurgency

The Economic Community of West African States (ECOWAS) has activated its Standby Force to curb terrorism and other transborder crimes in the subregion.

The Minister of Defence, Mohammed Badaru, who disclosed this in Abuja on Tuesday at the Forty-third ordinary meeting of ECOWAS Committee Chiefs of Defence Staff said the economic growth of the region is dependent on stable peace.

The minister added that there is a need for members of ECOWAS to close ranks against all forms of threats against the region.

On January 29, 2025, ECOWAS recognised the exit of three of its former members Burkina Faso, Mali, and Niger Republic upon the expiration of a one-year notice period.

READ ALSO:

However, in “the spirit of regional solidarity”, ECOWAS asked its member countries to still recognise the national passports of the three exiting countries bearing the ECOWAS logo until further notice.

Their departure from the bloc has fractured the region and is leaving the ECOWAS grouping with an uncertain future.

The three junta-led countries formally notified ECOWAS of their plan for an “immediate” withdrawal in January 2024, citing the organisation’s excessive dependence on France in particular.

Paris has become the common enemy of the three juntas, which now favour partnerships with countries such as Russia, Turkey and Iran.

However, ECOWAS required one year’s notice for the departure to be effective — that deadline falls on January 29, 2025.

The three Sahelian countries have teamed up to form a separate confederation called the Alliance of Sahel States (AES).

ECOWAS activates standby force against insurgency

Continue Reading

Africa

Policewoman arrested for murder of husband, female friend

Published

on

Nyiko Nyathi

Policewoman arrested for murder of husband, female friend

A 42-year-old police sergeant, Nyiko Nyathi was arrested in connection with the kidnapping and brutal murder of her husband and his ‘female friend’ in Mpumalanga, South Africa.

The officer handed herself over to authorities at Bushbuckridge police station, according to Mpumalanga provincial police spokesperson, Brigadier Donald Mdhluli.

She appeared before the Bushbuckridge Magistrate’s Court on Monday, March 10, 2025, facing charges for the m8rder of her husband and another woman.

“According to information, in February 2024, Lawrence Alba Mashego, 44, was reportedly attacked by a group of armed men at his house in Boikhutsong Trust in Bushbuckridge. The armed men robbed him of his Toyota Quantum and Ford Escort, then he got kidnapped,” said Mdhluli.

READ ALSO:

“The two vehicles were reportedly used by the armed suspects as a mode of transport to reach a certain house in Zoeknog. At the house, they found Victoria Lebyane, 44, Mashego’s female friend, in possession of Mashego’s bank cards.”

Lebyane was then robbed of about R4,000 cash as well as some bank cards belonging to Mashego. After that, Mashego and Lebyane were m8rdered by the assailants.

“The matter was probed by the men and women in blue, where a thorough investigation was carried out, leading to the arrest of four suspects in connection with the incident. One of the suspects then pleaded guilty and was sentenced to 77 years imprisonment,” said Mdhluli.

As the police intensified their investigations, the police sergeant was implicated in the m8rder of her husband Mashego, and Lebyane.

Following the court appearance on Monday, the case was postponed to Wednesday, for a formal bail application.

Meanwhile, acting provincial commissioner of police in Mpumalanga, Major General Zeph Mkhwanazi, has welcomed Nyathi’s arrest.

He emphasised that the law will take its course on anyone suspected to have committed crime, regardless of their social status or position.

“The SAPS remains resolute to be intolerant to any criminality within our ranks,” said Mkhwanazi.

Policewoman arrested for murder of husband, female friend

Continue Reading

Trending