Ghana to be removed from EU money laundering list after Akufo-Addo’s intervention

As a result of the two day working visit by the President of the Republic Nana Addo Dankwa Akufo-Addo to Brussels, Belgium, from the 19th to 20 May the European Commission has announced the decision to remove Ghana from the list of countries that are deficient anti-money laundering and terrorism financing.
At a meeting between President Akufo-Addo and the President of the European Council, HE Charles Michel, as well as the European Commission,

the European Union acknowledged the effort Ghana has made in implementing the action plan of the International Country Risk Guide (ICRG) in record time.
“It is expected that the financial action taskforce (FATF) the global m0ney laundering and terrorist financing watchdog will in June 2021 announced that Ghana has been taken off its list of high risk, third world countries with strategic deficiencies in anti-mony laundering and countering of terrorism financing,” a statement signed by Eugene Arhin, Director of Communications at the Presidency said on Friday May 21.

The stated added “Again, at the meeting with the Vice President of the European Commission, Valdis Dombrovskis, the European Commission indicated the selection of Ghana as a possible manufacturing hub for covid-19 vaccines in Africa.
This according to the commission, follows the initiatives already taken by the government of President Akufo-Addo towards the domestic manufacturing of vaccines.
The taskforce team from the EU and Ghana will meet shortly to discuss modalities towards the realization of this initiative which in principle could be supported by the European Investment Bank (EIB).

“As has been announced already President Akufo-Addo has secure 170million Euros from EIB for the establishment of the development bank Ghana.

“The new national bank will assist in the revitalization of the economy as we’ll as see to the rapid recovery of the country from the ravages of Covid 19.