Assenting to anti-LGBT+ bill will spell doom for Ghana's economy – US Professor

A United States-based Democracy Scholar at Hoover Institute and Stanford University, Professor Larry Diamond has cautioned of dire economic consequences should Ghana assent the controversial anti-LGBTQ+ bill into law.

According to him, any attempts to pass the bill into law would be economically catastrophic for Ghana and the investment climate.

Speaking in an interview on Accra-based Citi TV’s Point of View program, the US-based Professor explained that foreign investors, would for instance, place significant restrictions on Ghana on the basis that the country is infringing on the rights of a minority group.

He also argued that assenting the bill into law would ward off potential investors who are seeking to make investments into the country.

Because Western companies are not going to come and invest in a country that is pummeling minority rights," the US-based Professor said.

Meanwhile, the Ministry of Finance has outlined the potential economic implications of passing the anti-gay bill into law.

The Ministry also urged the President to defer signing the anti-LGBTQ+ bill into law citing a wave of economic implications that could derail economic gains made towards restoring macroeconomic stability.