KAIRU

Ghana’s $1.4 Billion Leak: The Crisis of Illicit Financial Flows

March 17, 2025March 17, 2025 - by Allegra Nguyen - Leave a Comment

Ghana loses about $1.4 billion each year due to illicit financial flows, significantly impacting its development resources. Tax evasion, excessive exemptions, and weak enforcement are contributing factors. Experts call for …

Companies

Ghana’s $1.4 Billion Leak: Addressing the Crisis of Illicit Financial Flows

March 17, 2025March 17, 2025 - by Allegra Nguyen - Leave a Comment

Ghana loses approximately $1.4 billion annually due to illicit financial flows, significantly impacting its development. Tax evasion, excessive exemptions, and weak enforcement exacerbate this issue. Experts emphasize the role of …