Ghana Signals Unwavering Commitment to Combat Money Laundering and Financial Crime

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Accra, Ghana — Ghana has sent a clear and firm message to the global financial community: its resolve to fight money laundering, terrorist financing, and proliferation financing is unwavering.

Speaking at the opening of the on-site Mutual Evaluation of Ghana’s Anti-Money Laundering, Counter-Terrorist Financing, and Counter-Proliferation Financing (AML/CFT/CPF) regime, Deputy Finance Minister Hon. Thomas Ampem Nyarko emphasized that the country’s commitment extends beyond international obligations to core national interests.

“Ghana’s commitment to combating money laundering, terrorist financing, and proliferation financing is unwavering,” Deputy Minister Nyarko said. He stressed that these efforts are essential for protecting the integrity of the financial system, safeguarding economic stability, and maintaining investor confidence.

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The deputy minister noted that AML/CFT is no longer a narrow regulatory function confined to a few financial institutions. Instead, it is a shared national responsibility with broad implications for governance, economic security, and the country’s credibility on the global stage.

Ghana’s approach, he explained, combines political will, inter-agency coordination, advanced financial intelligence capabilities, and a focus on real-world outcomes, including investigations, prosecutions, convictions, and asset recovery. “It is a commitment rooted not only in international standards but also in our national interest and our responsibility to future generations,” Nyarko added.

While acknowledging the evolving nature of financial crime risks, the deputy minister highlighted that Ghana has built a credible and adaptable framework capable of responding to emerging threats. He described the mutual evaluation not as a challenge to fear but as a constructive partnership aimed at enhancing effectiveness and aligning with international best practices.

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As evaluators engage Ghana’s institutions over the coming days, Deputy Minister Nyarko assured that they will encounter transparent systems, prepared institutions, and a nation determined to sustain reform momentum.

The message from Ghana is unequivocal: its fight against money laundering, terrorist financing, and proliferation financing is firm, enduring, and non-negotiable, signaling to both domestic and international stakeholders that the country takes financial integrity seriously.

Source: Accra Business News

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