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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