Ghana Agreed To Be Distant From EU Money Laundering List in June

Ghana was announced to be soon distant from the list of countries that are scarce in Anti-Money Laundering and Terrorism Financing by the European Commission.


During the meeting between the President of Ghana, His Excellency Nana Addo Dankwa Akuffo-Addo and the European Commission as well as the President of the European Council, Charles Michel recognize effort made by Ghana in implementing the plans.


According to the speech by Mr. Eugene Arhin, the Communication Director at the Office of the President, ‘it is expected that the Financial Action Task Force, the global money laundering, and terrorist financing watchdog will in June 2021, announce that Ghana has been taken off its list of high risk, third world countries with strategic scarcities in Anti Money Laundering and Countering of Terrorism Financing’.


The European Union announced that it has put 12 countries on the list of places with weak or scarce in Anti-Laundering and Terrorism financing laws on May, 2020. They include; Botswana, Bahamas, Barbados, Cambodia, Ghana, Jamaica, Mauritius, Mongolia, Myanmar, Nicaragua, Panama and Zimbabwe.

These paleness identified in these countries modelled a serious risk to their financial system according to the EU. Hence Ghana is put on the list by the Union due to the recommendations.


For the second time, the President of Ghana, President Nana Addo Dankwa Akuffo-Addo meeting with the Vice President of the EU, the European Commission declared the medley of Ghana as one of the possible manufacturing hub for the Covid-19 vaccines.


The speech more renowned that ‘the task force teams from the EU and Ghana will meet in a moment to discuss modalities towards the realization of this initiative, which in opinion could be supported by the European Investment Bank (EIB).

On his 24th Covid-19 address to the nation on Sunday 28 February 2021, he made mention of this ‘I want to say again my determination that we should manufacture vaccines here in Ghana’


With this, a committee has been established beneath the chairmanship of the former Minister of Environment, Science, Technology and Innovation, Professor Kwabena Frimpong Boateng, which is articulating a solid plan towards the vaccine advance and manufacturing.



I AM A STUDENT BLOGGER who blogs on student politics across the nation. I work with a team of expert in the tertiary institutions who gives credible info to any story worth telling.

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