Audio By Carbonatix
The Attorney-General and Minister for Justice, Godfred Yeboah Dame says economic crime in Ghana is getting complex.
This according to him is because of the various methods used by professional enablers whose conduct borders on unethical behaviour.
He mentioned breaches of procedures, violation of laws, money laundering, creation of shell companies, and concealment of illicit wealth as some of the means through which these crimes are committed.
Speaking at the 40th Cambridge International Symposium on Economic Crime, the Attorney General said, the creation of a clean, transparent and accountable financial environment must be dependent on structures and systems anchored in integrity.
"The intricacy and multidimensional nature of economic crime undoubtedly enjoin us to have a network of gatekeepers such as lawyers, bankers, real estate agents, insurance service providers and luxury service providers who are bound up by strong rules of ethics and accountability.
"A free, progressive and equitable society requires a world with men and women of integrity," he added.
Mr. Dame stressed that because public sector corruption evokes strong emotions among Ghanaians, government has enacted a set of rules founded on the principles of integrity, to regulate procurement in the public sector and to curb abuse and insider trading.
"Thus, public servants are forbidden by article 284 of the Constitution from placing themselves in situations where their personal interests interfere with or are likely to interfere with the discharge of their duties."
Again, the "Public Financial Management Act, 2016 (Act 921) enshrines a body of laws to regulate the financial management of the public sector within a macroeconomic and fiscal framework and defines the responsibilities of persons entrusted with the management and control of public funds as well as the accounting and audit of public funds," the Attorney General said.
The 40th Cambridge Symposium on Economic Crime was on the theme; Integrity.
Latest Stories
-
Africa’s food future hinges on leadership: The Infrastructure we can’t afford to ignore
16 minutes -
Australian mother who faked son’s cancer to fund lavish lifestyle jailed
29 minutes -
Amardeep Singh Hari named Ghana’s most influential tech entrepreneur of all time
43 minutes -
Oppong Nkrumah delivers on education; hands over 9th school to constituents in nine years
58 minutes -
Nigeria’s commercial capital Lagos bets on local power as grid falters
1 hour -
Kim Jong Un praises troops who ‘self-blasted’ to avoid capture by Ukraine
1 hour -
Banking sector rebounds as assets hit GH¢465bn – BoG Report
1 hour -
Al Fayed survivor was modern slavery victim, says Home Office
2 hours -
US not funding Congo’s $100m mine guard, embassy says
2 hours -
GFA to receive $2.5m from FIFA to prepare for World Cup and $10m for qualifying for tournament
2 hours -
Fuel prices dip from May 1 as diesel drops sharply, LPG set to surge
2 hours -
Say it as it is – Clergy reject pressure to stay quiet on politics
2 hours -
We’re citizens, not spectators – Christian Council defends speaking truth to power
3 hours -
My wife never caught me cheating – Richard Quaye dismisses viral infidelity claims
3 hours -
We won’t be silent – Christian Council defends right to speak on national issues
3 hours