Global Organised Crime Index says fraud and tax evasion are widespread across Ghana’s economy
Financial crimes are widespread across key sectors of Ghana’s economy, with fraud and tax evasion affecting banking, international trade, real estate and major commodity industries, according to the Global Organised Crime Index.
The Global Organised Crime Index reveals that fraud and tax evasion are rampant across Ghana's economy, impacting various sectors including banking, international trade, real estate, and commodity industries, according to the report. The index highlights significant losses to the state and growing concerns about cyber-enabled fraud.
The assessment underscores tax evasion by companies, which has negatively affected public finances. The report also flags instances of online Ponzi schemes, banking fraud, and high-profile cases involving individuals accused of breach of trust and bribery. Efforts to recover misused funds allocated for Ghana's COVID-19 response are ongoing, with collaborations between agencies to prosecute involved officials and private actors.
Moreover, Ghana is recognized as a hub for internet fraud, including romance scams, and the escalation of technology-enabled financial crimes remains a pressing issue.
Written by urgent.news from MyJoyOnline Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
