4th September 2018
British authorities are preparing to deport a former UBS (UBSG.S) trader jailed for the country’s biggest fraud which cost the Swiss bank $2.25 billion (£1.75 billion), his spokesman said on Monday. Ghanaian citizen Kweku Adoboli was released from prison on probation in 2015 after serving half of a seven-year sentence,… Read More
17th August 2018
World soccer’s ruling body FIFA says the Ghanaian government has pledged to stop the process to wind up the country’s football association (GFA) over corruption allegations. FIFA, which earlier this week threatened to suspend Ghana from international football, said the two sides had on Thursday agreed to work together “to… Read More
13th June 2018
The undercover Ghanaian journalist who filmed football officials appearing to take bribes said on Monday that African football will continue to be held back on the world stage unless corruption is tackled more vigorously. Anas Aremeyaw Anas released a documentary last week showing African football officials, including 77 referees and… Read More
12th January 2018
Ghana’s President Nana Akufo-Addo on Thursday named a former attorney-general as anti-graft prosecutor to probe specific cases of corruption including those committed by politicians. There is widespread belief among civil society groups in Ghana that corruption is on the rise, especially among public office holders. The appointment of Martin Amidu,… Read More
30th October 2017
By Suleiman Mustapha, Graphic Online Mobile Money operator, MTN, has sanctioned 3,000 mobile money agents allegedly caught in mobile money fraud in the last three months. The move is part of efforts by the country’s biggest telecom company to sanitise and restore integrity to its mobile money platform. In an… Read More
23rd October 2017
Business activities came to a halt as scores of residents in the Kumasi Metropolis lined up on the streets to wave at the Asantehene Otumfuo Osei Tutu II, when he touched down at the Kumasi Airport on Thursday. The Asantehene was taken through some principal streets of the metropolis before… Read More
13th December 2016
Ghana's President-elect Nana Akufo-Addo says he will set up a special team to investigate corruption but said it would not be a "witch-hunt". Read More
12th October 2016
A local government has encouraged Ghanaians to report cases of corruption and stealing of public funds to the appropriate quarters without fear or favour. Mr Fred Oduro, lecturer and resource person from the Institute of Local Government Studies (ILGS), Madina in Accra, made the call on Tuesday when he lectured… Read More
3rd August 2016
An Institute of Economic Affairs (IEA) survey on the root causes of corruption in Ghana has revealed that the high clamor for quick riches, greed and selfishness as well as low salaries, are among the top three root causes of corruption in Ghana. According to the survey, majority of Ghanaians… Read More
24th June 2016
President John Dramani Mahama says attempts to paint his government as the worst corrupt regime in the history of Ghana will fall flat, dismissing claims that rate of corruption has increased under his government. He argued the Corruption Perception Index (CPI), a global corruption report by Transparency International (TI), has… Read More
Must Read

EU adopts Sixth Anti-Money Laundering Directive EU 6AMLD, deadline set

Countries across the European Union will have two years to implement a new system of jail sentences and sanctions for money launderers following the formal adoption of the EU’s latest anti-money laundering directive, dubbed 6AMLD (Sixth Anti-Money Laundering Directive) on 11 October 2018. Once the directive is published in the… Read More

Anti-money laundering compliance costs hit $25 billion annually – study

The cost of AML compliance across U.S. financial services firms equaled $25.3 billion per year based on survey responses from more than 150 decision-makers at banks, investment, asset management and insurance firms, according to a new study. The report shows that smaller firms are hit hardest, relative to their bottom… Read More