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Corruption Watch analysis: unaccounted gold exports worth 30bn cedis

You might have heard some time ago about the over US$3.6bn gold that was shipped out of Ghana to India without going through the necessary processes.

Compare that with the over US$6.3 billion Corruption Watch has discovered from our analysis of available data.

In 2016, information came through that between January 2014 and January 2016, a total of 101,179 kg of gold valued at US$3,607,415,756.36 was shipped out of Ghana to India alone, without going through the necessary processes. This certainly posed a high risk of money laundering and illicit financial outflows out of Ghana.

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Illegal export of Rosewood from Ghana to China drops by 90%

The illegal export of Rosewood from Ghana to China has dropped by about 90% since July 2019, according to Washington DC-based Environmental Investigation Agency (EIA).

A report by the group published in July 2019 titled BAN-BOOZLED: How Corruption and Collusion Fuel Illegal Rosewood Trade in Ghana, revealed the illegal trade had been ongoing despite a ban dating back to 2011.

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