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Let’s use Cash Lite and Networth Aggregator to fight corruption in Ghana – Kwaku Antwi-Boasiako

You can have a million anti-corruption laws on Ghana’s statute books and even set up an Office of Special Prosecutor, but if a person can walk to a bank and withdraw ¢21 million in hard cash from his company’s bank account and distribute same in the name of business promotion without any trail of who received the money, then you must be joking if you think we are fighting corruption in Ghana! Once the Management and Board of Directors of the said company are in sync, there is little any auditor or anybody else can do about the disbursement of the ¢21 million in hard cash!

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Registrar-General deploys Central Beneficial Ownership Register

The Register-General will be deploying a new Central Beneficial Ownership Register for all companies operating in the country.

According to Jemima Oware, this will end the lack of information about the ownership of businesses incorporated in the country which she described as creating a “dangerous and widening gap” in the country’s fight against corruption, money laundering, terrorism financing and other forms of financial crimes.

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