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Ghana Pushes Reparations Finance Into IMF, World Bank Frameworks

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Story summary
  • Ghana drafted a proposal to embed reparatory finance in IMF and World Bank frameworks.
  • Envoy Dr. Ekow Spio-Garbrah presented the draft to Ghana’s presidency, finance and foreign ministries.
  • The plan seeks grants, concessional loans or debt-relief to fund reparations.
  • Ghana proposes legislation for National Reparations Councils across all 55 AU member states.
  • The UN General Assembly adopted Resolution 80/250 with 123 votes for, three against, and 52 abstentions.