NACOC Boss Drops A Bomb … Says Drug Suspects Own Hotels, Estates In Ghana
Ghana’s fast-changing skyline and growing vertical development could be concealing investments financed by proceeds from narcotics trafficking, as the Director-General of the Narcotics Control Commission (NACOC), Brigadier General Maxwell Obuaba Mantey, has disclosed that suspected drug traffickers own hotels and real estate properties. Appearing before Parliament’s Public Accounts Committee…
Ghana's Director-General of the Narcotics Control Commission (NACOC), Brigadier General Maxwell Obuaba Mantey, revealed to Parliament's Public Accounts Committee that suspected drug traffickers are investing in hotels and real estate properties in the country. The suspects, employing sophisticated methods, have become adept at concealing their wealth, making it challenging for law enforcement to seize assets believed to be obtained through narcotics trafficking.
However, legal proceedings, including appeals, have stalled the process of asset recovery for NACOC. The Commission has been facing financial difficulties, generating only GH¢1.1 million in other income for 2024 despite a total revenue of approximately GH¢180.95 million. This limited revenue, coupled with high expenditure, is hampering the Commission's ability to combat drug trafficking effectively.
Interior Minister Mubarak Mohammed Muntaka attributed the financial challenges to operational constraints and the limited revenue generated through industrial cannabis cultivation licences.
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