Local news

Finance Ministry’s statement on anti-gay bill amounts to fearmongering – Economist

Dr Patrick Asuming, an economist and financial analyst at the University of Ghana, says the Finance Ministry’s statement on the implications of the Anti-Gay Bill if passed into law ‘will amount to fearmongering.’

The Ministry of Finance has pleaded with President Akufo-Addo not to assent to the recently passed anti-LGBTQ bill by Parliament.

In a press release on Monday, March 4, the Finance Ministry cautioned that approving the bill could result in significant financial consequences for Ghana.

According to the Finance Ministry’s statement, Ghana stands to lose a substantial amount of World Bank financing, estimating a potential loss of USD$3.8 billion over the next five to six years.

Speaking in an interview on The Big Issue on Citi TV with Selorm Adonoo on Saturday, Dr Asuming argued that the Ministry’s statement did not capture all the relevant information and available facts.

“I think that the statement that the Finance Ministry issued will amount to fearmongering. I don’t think the statement captures all relevant information and available facts,” he said

Share
MasemTV Newsroom

Recent Posts

NAIMOS hits galamsey communities in Tano North district of the Ahafo Region

NAIMOS has intensified its fight against illegal mining at some parts of the Ahafo Region,… Read More

19 hours ago

Ken Ofori-Atta Expected in U.S. Court Today Over Immigration Matter

Former Finance Minister Ken Ofori-Atta is scheduled to appear before a court in the United… Read More

20 hours ago

Avoid Hasty Removal of Fuel Price Floor – Lamtiig Apanga Warns Government

The Deputy Chief Executive Officer of the Gaming Commission of Ghana, Lamtiig Apanga, has advised… Read More

20 hours ago

Ghanaian Gospel Icon Yaw Sarpong Dies

Renowned Ghanaian gospel music pioneer and founder of the Asomafo gospel ensemble, Yaw Sarpong, has… Read More

21 hours ago

I’m sure God is even clapping for President Mahama – NPP’s Charles Owusu

Former Forestry Commission official Charles Owusu has lauded former President John Mahama for demonstrating humility… Read More

2 days ago

Stable cedi credited for recent drop in cement prices – Trade Minister

The Minister for Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, has attributed the recent decline in… Read More

2 days ago