The Office of the Special Prosecutor (OSP) has filed criminal charges against seven individuals and three companies, including the former CEO of the National Petroleum Authority (NPA), Mustapha Abdul-Hamid. This is over a sprawling extortion and money laundering scheme involving over GH¢280 million. In a statement issued on Thursday, July 17, the OSP detailed the charges, which […]
A trader, Constance Gyasi Nimako, has been remanded into lawful custody by an Accra Circuit Court for allegedly stealing and laundering money mistakenly credited to her bank account. Nimako, also known as Maa Adwoa, is alleged to have spent GH¢770,500 out of GH¢800,000 that was erroneously transferred to her Ecobank account. She reportedly transferred GH¢300,000 […]
The Minister of Finance, Mr Ken Ofori-Atta, has called for increased political commitment from the governments of West African states to combat illicit financial flows. He said such commitment and political will would help eliminate the criminal activities such funds were used to support. He noted that a reduction in the menace would help reduce […]
Following a successful evaluation of Ghana’s regime against money laundering and the financing of terrorism, the Financial Action Task Force (FATF) has removed the country from its list of non-compliant jurisdictions. The European Commission on January 7, 2022, removed Ghana from the EU Blacklist by acknowledging that it no longer has strategic deficiencies in its […]
The Minister of Finance, Mr Ken Ofori-Atta, has expressed confidence that investment inflows into the economy will increase in the coming days, following Ghana’s successful exit from the global list of countries with deficiencies in their Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) regimes. The finance minister said the exit meant that the international community […]
Ghana has been named as one of the possible manufacturing hubs of Covid-19 vaccines in Africa by the European Commission. A press statement signed by the Acting Director of Communications Office of the President, Eugene Arhin said, “At the meeting with the Vice President of the European Commission, Valdis Dombrovskis, the European Commission indicated the […]
US Authorities have arrested six Ghanaians based in the USA in connection with their roles in a fraud and money laundering conspiracy. The six, said to be members of a criminal enterprise based in Ghana, allegedly laundered more than $50 million, which primarily consisted of proceeds of fraud schemes from business email compromises, romance scams […]
The European Union (EU) has clarified that there is no evidence of money laundering on the part of any official in the current administration of the Akufo-Addo government, although it has blacklisted Ghana. Clarifying why the West African country was blacklisted back in May 2020, the Head of Delegation of the EU to Ghana, Ambassador Diana Acconcia, […]
The European Union (EU) has blacklisted Ghana among several other countries for money laundering. Three other African countries have been blacklisted – Botswana, Mauritius and Zimbabwe. The EU said under the Anti-Money Laundering Directive (AMLD), the Commission has revised its list, taking into account developments at the international level since 2018 and that the “new list is now […]
Ghana has gone up six places to 60th in the latest anti-money laundering and terrorist financing rankings. This is based on the latest Anti-Money Laundering Index put together by the Swiss Basel Institute of Governance. The rankings revealed that Ghana went up from 66 in 2018 in terms of the rankings to 60. The country […]
