EU Warns Ghana Gov of further sanctions over money laundering in the region

Ghana’s embassies in Europe could be asked to operate just one bank account

The European Union has indicated that, Ghana could be sanctioned further if the government fails to put her house in order regarding parading money laundering activities in the subregion.

This is the latest of diplomatic distress Ghana could be levelled should the Akuffo Addo administration fails to stop the avalanche of corruption involving unexplained money laundering activities into the European Union.

Ghana’s embassy in Brussels, Belgium was told to close its bank account by the IHG Bank on money Laundering activities.

Similarly,, in the beginning of October this year that, Ghana has been among four countries blacklisted by the European Union.

Documents seen by suggest the Akuffo Addo administration has been using the embassies to transact allegedly illegal activities amounting to thousands of corrupt money.

The forms of activities include sale of uncertified mineral sale such as gold proceeds.

Ghanaian businesses are already suffering for the consequences of Ghana’s blacklisting and the scale of impact remains to be seen.

Source: GHM Network