Tax Analyst, Abdallah Ali Nakyea is pushing for a critical review of Ghana’s tax regime to reduce the massive economic losses due to illicit financial flows. He argues that though the canker is depriving the country of huge revenue, a stricter implementation of the existing laws should prevent any further losses. The Global Financial Integrity … Read more
The Executive Director of the Center for Budget Advocacy Ghana Mr. Vitus Azeem says Africa loses as much as 50 billion dollars each year through illicit financial flow. According to him corporate commercial activity in particular stands out as the biggest culprit accounting for as much as 65% of all illicit outflows. He said this … Read more
The Executive Director of the Center for Budget Advocacy Ghana Mr. Vitus Azeem says Africa loses as much as 50 billion dollars each year through illicit financial flow. According to him corporate commercial activity in particular stands out as the biggest culprit accounting for as much as 65% of all illicit outflows. He said this … Read more
Ghana like all developing countries is losing billions of dollars to illicit financial outflows and inflows from trade fraud, according to a new report by the NGO, Global Financial Integrity (GFI). Developing countries overall lost about $620 billion to $970 billion primarily through trade fraud in 2014. The report shows that Ghana lost a total … Read more
The Integrated Social Development Centre (ISODEC) has revealed that, Ghana loses 340 dollars annually, due to Illicit Financial Flows (IFFs). Illicit financial flows are illegal movements of money or capital from one country to another. According to the Global Financial Integrity, illicit flows include when the funds are illegally earned, transferred, and/or utilized. In Ghana’s … Read more