GHANA ENACTS FLURRY OF AML LAWS – BUT NO PROSECUTIONS SECURED YET
October 1st, 2014
GHANA continues to be recognised as one of Africa’s success stories. The country remains relatively peaceful and stable, and its economy has grown at an annual average of around 6% over the past six years. As a result, it is maybe not a surprise that Ghana was ranked healthily at 5.88 (10 being the worst score) in the 2014 Basel Anti-Money Laundering index, among the lowest in west Africa, only bettered by established democracy Senegal, with 5.43.That said, it was only in 2010, that the Financial Action Task Force (FATF) identified Ghana as a jurisdiction with ...
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