Ghana is using the ongoing on-site Mutual Evaluation of its Anti-Money Laundering and Counter-Financing frameworks to underline the role of financial integrity in safeguarding the economy and sustaining global confidence.
Opening the evaluation exercise in Accra, Deputy Minister for Finance, Mr Thomas Ampem Nyarko, said efforts to curb money laundering, terrorist financing and proliferation financing were central to protecting Ghana’s financial system and maintaining investor trust.
He noted that financial crime posed broader risks beyond regulatory compliance, touching on national security, governance and the country’s standing within the international financial community. For that reason, he stressed that responsibility for combating such crimes must extend beyond regulators to all relevant institutions and stakeholders.
Mr Nyarko pointed to Ghana’s progress in strengthening inter-agency cooperation, enhancing the use of financial intelligence and prioritising results such as investigations, prosecutions, convictions and asset recovery. He said these steps reflected sustained political commitment to addressing illicit financial flows.
Acknowledging that financial crime risks continue to evolve, the Deputy Minister said Ghana had put in place adaptable systems to respond to emerging threats. He described the mutual evaluation process as an opportunity to test the effectiveness of existing measures and further align national frameworks with international standards.
He assured evaluators that government remained committed to deepening reforms, strengthening institutions and promoting transparency to consolidate gains and reinforce Ghana’s credibility in the global fight against financial crime.
