The World Bank Group has asserted its longstanding relationship with Ghana despite the passage of the Human Sexual Rights and Ghanaian Family Values Bill by Parliament.
This comes to douse recent speculation suggesting that the World Bank Group may reduce aid and development assistance to Ghana.
Concerns have been raised about possible financial challenges for Ghana if the bill is signed into law, with warnings from the Finance Ministry about the potential loss of over $3 billion in World Bank funding for various programs and projects.
However, a spokesperson from the World Bank clarified that the institution does not recognise the recently passed bill as a reason for altering cooperation with Ghana on development programmes.
The spokesperson emphasised that the partnership between the World Bank and the Republic of Ghana remains productive.
“The World Bank Group has a longstanding and productive relationship with Ghana,” the spokesman said.
In response to inquiries regarding the passage of the Human Sexual Rights and Ghanaian Family Values Bill, the World Bank stated that it cannot comment on specific legislation.
“The Bill has not yet been signed into Law. We generally do not comment on Bills”.
As of now, it is uncertain whether the financial institution will take any punitive measures if the bill is fully enacted.
Latest Stories
-
Sulemana Braimah advocates gradual implementation of live courtroom coverage
1 hour -
Anti-LGBTQ+ bill: Allowing live coverage will reduce ‘pollution of proceedings’ – Dafeamakpor
1 hour -
GJA expresses concerns over live court coverage; fears abuse by some members
2 hours -
MFWA opposes uncontrolled access to live court proceedings for press
2 hours -
Ferry on Oti breaks down leaving drivers and passengers stranded
4 hours -
Fidelity Bank uplifts Abbeykope D/A Basic School with new classrooms and renovations
4 hours -
Nigeria invites bids for 12 new oil blocks, promises fair process
4 hours -
Achieving fair, violence-free elections is a collective responsibility- NCCE
4 hours -
I was too naïve to realize I was just a fling to him
4 hours -
My name is Kate and I was diagnosed with stage 4 cancer
4 hours -
Lalue’s last dance, a majestic display of culture, brings curtain down on Prampram Kpledomi
5 hours -
Voter registration: GIS denies allegations of collusion with EC in NDC strongholds
5 hours -
Out-of-pocket health services payment needs immediate attention – Ghana Health Service
5 hours -
Empathise with accident victims – Chairman of the Council of Bureaux, ECOWAS Brown Card tells insurers
6 hours -
‘You can never be settled’ – Bellingham dreaming of more after Champions League comeback
7 hours