Audio By Carbonatix
The Minister of Finance, Ken Ofori Atta, has expressed worry about the decision by the European Union to put Ghana on the list of blacklisted countries for non-compliance to some money laundering rules.
According to him, this is so because there has not been any reported money laundering incidence by the EU in Ghana during the period of the action.
Mr. Ofori Atta was reacting to the issue in an engagement with the European Union Ambassador to Ghana to sign an agreement for some 87 million Euros budget support for Covid-19 response.
“As you know, the EU put us on the grey end of the blacklist because of our discussions with Financial Action Task Force (FATF). That’s quite debilitating and so we are hopeful to be off the list in December and that the EU will also expeditiously take us out of that.”
Furthermore, he said “it sometimes looked quite incongruent. When we see issues such as HSBC Bank right at your door and then we feel like a sledge hammer is being thrown at us for an event that has not occurred but in preparedness--we are moving aggressively to get that-- and we’ll seek your support when we get off the FAFT list that the EU reciprocates quickly”.
The EU placed Ghana among a list of countries under its watch for certain money laundering activities due to an observation by the FATF, the Inter-government organisation, recognised by the World Bank and IMF for instituting policies aimed at combating money laundry and terrorism.
Meanwhile, the European Union Ambassador to Ghana, Diana Acconcia has told Joy Business that even though the move was automatic, the EU has started some work with government to put in all the necessary measures that will get Ghana out of that list.
Latest Stories
-
GPL 2025/26: Mensah brace fires All Blacks to victory over Eleven Wonders
33 minutes -
This Saturday on Newsfile: Petitions against the OSP, EC heads, and 2025 WASSCE results
1 hour -
Ambassador urges U.S. investors to prioritise land verification as Ghana courts more investment
2 hours -
Europe faces an expanding corruption crisis
2 hours -
Ghana’s Dr Bernard Appiah appointed to WHO Technical Advisory Group on alcohol and drug epidemiology
2 hours -
2026 World Cup: Ghana drawn against England, Croatia and Panama in Group L
2 hours -
3 dead, 6 injured in Kpando–Aziave road crash
2 hours -
Lightwave eHealth accuses Health Ministry of ‘fault-finding’ and engaging competitor to audit its work
2 hours -
Ayewa Festival ignites Farmers Day with culture, flavour, and a promise of bigger things ahead
3 hours -
Government to deploy 60,000 surveillance cameras nationwide to tackle cybercrime
3 hours -
Ghana DJ Awards begins 365-day countdown to 2026 event
3 hours -
Making Private University Charters Optional in Ghana: Implications and Opportunities
3 hours -
Mampong tragedy: Students among 30 injured as curve crash kills three
3 hours -
Ken Agyapong salutes farmers, promises modernisation agenda for agriculture
3 hours -
Team Ghana wins overall best project award at CALA Advanced Leadership Programme graduation
3 hours
