Ghana ranks high in global fraud and tax evasion rankings
A new report ranks Ghana among countries with widespread financial crimes affecting banking, trade and key industries.
The Global Organised Crime Index paints a troubling picture of Ghana’s financial landscape, identifying fraud and tax evasion as pervasive problems across multiple sectors.
Banking, import-export operations, real estate development and core commodity industries like fishing, gold mining and cocoa production are all affected by systemic fraud, the assessment notes. Tax evasion involving corporate entities has drawn particular attention for the substantial revenue losses it causes to state coffers, though specific companies or financial figures were not disclosed in the excerpt.
One of the panel’s most notable findings was the widespread use of Ghana as a base for online financial crime networks, especially romance scams that continue to defraud international victims. Cases involving high-profile individuals facing charges for breach of trust and bribery were also cited amidst concerns over cyber-enabled fraud schemes.
Efforts to recover misappropriated pandemic response funds demonstrated some progress, with reports indicating inter-agency collaboration to prosecute officials and private actors implicated in alleged mismanagement.
