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RTI law does not fully support fighting illicit financial flows – Dr Stephen Manteaw

Co-chair of the Ghana Extractive Industry Transparency Initiative, Dr Stephen Manteaw has said that Ghana’s Right to Information (RTI) Law in its current form does not fully support efforts to counter illicit financial flows.

He said the Law would have to be used together with other transparency legislations such as Beneficial Ownership, Open Contracting and the Petroleum Register to achieve its purpose.

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Ghana has tried to be responsible with its oil wealth. This is how.

After Ghana discovered oil and gas in 2007, the government and civil society aspired to avoid the “resource curse”. This is when countries have an abundance of non-renewable natural resources but no economic growth.

Nigeria, Sudan, Angola, Cameroon, Equatorial Guinea and Chad are among the oil producers that have failed to channel their resources into the material improvement of their countries and people.

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