Posted: Wednesday 30th April 2014 at 11:30 am

Govt Deternined To Fight Money Laundering

The Vice-President, Mr Kwesi Amissah-Arthur has reiterated the government’s position against money laundering and terrorism financing in the face of rising international crimes.

He said the government would use all available resources to fight money laundering and terrorism financing.

Mr Amissah-Arthur gave the assurance when a delegation from the ECOWAS Inter-Governmental Action Group against Money Laundering in West Africa (GIABA), led by its Director General, Mr Adama Coulibaly, called on him at the Flagstaff House in Accra last Monday.

GIABA

GIABA is an institution of ECOWAS responsible for facilitating the adoption and implementation of Anti-Money Laundering and Counter-Financing of Terrorism in West Africa.

Under GIABA, Ghana’s Minister of Finance, by virtue of President John Mahama’s position as the new ECOWAS Chairman, would chair the ministerial committee.

While observing the important role GIABA played in the sub-region, the Vice-President recalled with appreciation the support GIABA gave Ghana when it was graded as not doing enough against money laundering and anti-terrorism financing.

Ghana’s Commitment

Mr Amissah-Arthur told the delegation that President Mahama was committed to the ECOWAS project and had tasked the country’s ministers who would chair the two committees in the GIABA to take their responsibilities seriously.

He pledged Ghana’s support to the work of GIABA.

GIABA Director General

Mr Coulibaly congratulated President Mahama on his election as ECOWAS Chairman and pledged his outfit’s support to the President in the discharge of his functions in the West African body.

He lauded Ghana for being a model of good institutional framework, an attribute he pointed out was worthy of emulation.

He announced that GIABA was scheduled to host its 13th Ministerial Committee meeting on May 10, 2014 in Niamey, Niger in line with the ECOWAS Financial Action Task Force framework.

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