Finance

Ghana’s fight over anti-gay law threatens $20 billion debt deal

Ghana’s Supreme Court will on Wednesday May 8, 2024 start hearing a case that has the potential to both threaten the West African country’s $20 billion debt restructuring and test the World Bank’s commitment to support LGBTQ rights.

The court is being asked to strike down legislation that would jail those who identify as LGBTQ and punish others — family members, co-workers, teachers — if they fail to inform on them to the authorities.

If the court rejects the appeal, the World Bank will face a dilemma: should it continue to support the anti-poverty fight in Ghana or defend liberal values.

Bloomberg News’ Ondiro Oganga discusses the potential social and economic implications of signing the bill into law with Joumanna Bercetche on Horizons Middle East & Africa.

Watch the video below:

Source: bloomberg.com

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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