“No More Flaunting Ill-Gotten Wealth” as Parliament Plans Lifestyle Audit Law

Ghana’s Parliament is set to begin work on a new law aimed at supporting lifestyle audits for individuals suspected of accumulating unexplained wealth as reported by Citinewsroom.

This move, led by Speaker of Parliament Alban Bagbin, is seen as part of a larger campaign to intensify the country’s fight against corruption.

The legislation will empower relevant state agencies to probe the wealth and lifestyle patterns of public officials, politically exposed persons, and private citizens whose financial activities appear inconsistent with their known or declared sources of income.

Speaker Bagbin noted that the push for lifestyle audits has gained momentum among policymakers, anti-graft agencies, and civil society actors.

He indicated that the House is already gathering input to begin the legislative process.

“I am currently receiving extensive input to initiate legislation on lifestyle audits,” Bagbin stated, stressing that the issue is gaining traction in various national conversations.

He added that the planned law would serve as a tool to discourage the public display of wealth not backed by lawful earnings.

“We will legislate it and put an end to individuals flaunting ill-gotten wealth in the faces of ordinary Ghanaians,” the Speaker said.