Professor John Gatsi, an economist and Dean of the University of Cape Coast (UCC) Business School, has refuted claims that Ghana risks financial repercussions from Bretton Woods institutions due to its stance on LGBTQ+ issues. His comments come in response to the Finance Ministry's caution to President Akufo-Addo regarding the Anti-LGBTQ+ Bill passed by Parliament.
The Finance Ministry warned of potential consequences, including the withholding of financial support from the International Monetary Fund (IMF) and the World Bank if the bill is signed into law. However, Prof. Gatsi argues that the loan agreements with these institutions do not include conditions related to LGBTQI+ matters.
He emphasizes that when Ghana entered into agreements with the IMF and the World Bank, there were no stipulations regarding LGBTQ+ issues. Therefore, he contends that the threat of financial loss does not align with the terms of the agreements signed with these institutions.
Furthermore, Prof. Gatsi criticizes the imposition of demands by international donors and organizations, stating that they often conflict with African values and culture. He advocates for a relationship between African governments and international organizations based solely on business and partnerships, rather than interference in domestic affairs.
In Prof. Gatsi's view, it is essential for Ghana and its leaders to uphold the values cherished by society. He suggests that Ghana should remain resolute in protecting its societal values, even in the face of external pressure.
While acknowledging the differing perspectives between Ghana and international organizations, Prof. Gatsi urges for mutual respect and acceptance. He emphasizes the importance of Ghanaian sovereignty in decision-making processes and calls for understanding and recognition of Ghana's societal norms.
In conclusion, Prof. Gatsi urges Ghana to stand firm in its commitment to its values while advocating for a collaborative and respectful relationship with international partners.
As Ghana grapples with the implications of the Anti-LGBTQ+ Bill, Prof. Gatsi's remarks add to the ongoing discourse surrounding Ghana's sovereignty and the balance between international obligations and domestic priorities.