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
-
Boakye Agyarko urges reforms to revitalise NPP after election defeat
18 minutes -
Finance Minister skips mini-budget presentation for third time
18 minutes -
‘ORAL’ team to work gratis – Ablakwa
26 minutes -
Affirmative Action Coalition condemns lack of gender quotas in Transition, anti-corruption teams
35 minutes -
December 7 election was a battle for the ‘soul of Ghana’ against NPP – Fifi Kwetey
37 minutes -
Social media buzzing ahead of Black Sherif’s ‘Zaama Disco’ on December 21
51 minutes -
Afenyo-Markin still suffering from the massive defeat – Fifi Kwetey
59 minutes -
Retain Afenyo-Markin as NPP leader, he has experience – Deputy Speaker
1 hour -
Kufuor didn’t leave behind a strong economy – Fifi Kwetey
1 hour -
It won’t be business as usual, remain humble – Fifi Kwetey to party members
2 hours -
Ebenezer Ahumah Djietror appointed as new Clerk to Parliament
3 hours -
Actress Benyiwaa of ‘Efiewura’ TV series dead
3 hours -
Ashanti Regional Chief Imam dies at age 74
4 hours -
Africa Arts Network calls for tax reform to save Ghana’s theatre industry
4 hours -
SSTN Ghana Chapter reaffirms commitment to economic growth under new leadership
4 hours