Dear Kurt Okraku,

Be strong.

Given your busy schedule, you may not have had the time to read the many open letters I, or others, have written to you.

But today, I am here to ask you to be strong. Knowing I am not counted among your cheerleaders, you may ask yourself: why is Muftawu Nabila Abdulai the one saying this?

To be honest, I don’t even think I’m in a position to tell you to be strong, especially in the face of the storm of negativity that has greeted your elevation to the CAF Executive Committee.

But, as usual as the voice that often disagree and challenges the status quo, I have received some of the insults for saying the abuse online is reprehensible. People say I am your “Sergio Ramos.”

I’m not entirely sure what they mean, but if the comments are anything to go by, they imply I am your defender.

Ramos, after all, was a great defender for Real Madrid. The best of his generation.

They say I’m “your boy”, that you give me $100, and that I’ve lost my credibility and conscience as a person to stand for what is right. I tell those twerps often that some of your employees are far more well-to-do and educated than I am—so being “your boy” is inconsequential.

What I don’t understand is what they mean by saying, “I don’t stand for what is right when it comes to you.” I’m not going to list the many things I’ve said or written that you personally might not have liked.

Whether those critiques were seen as fair or not, being a lone voice in the storm seems to have earned me the label of someone who lacks credibility—simply because people believe you pay me.

I would be glad, to be honest, if you eventually gave me that money. A hundred dollars is a lot for many young men like myself in this economy. So, Mr Okraku, do the needful so I can defend you better (pun intended).

As the current Education Minister Haruna Iddrisu once said during his vetting before the Parliamentary Committee: “Am I a fish in the market to be bought?”

There’s this bunkum out there that everyone has a price so when you disagree with some people, they think you have been paid.

For whatever reason, it appears our society is happy at tearing down people either based on assumptions or falsehood, but this is not about me, it is certainly about you.

Again, be strong.

From the first day, I broke the story that you had filed nomination to contest for a seat at the CAF ExCo to story that you’ll be elected unopposed, it has been one negative comment or another.

When you were elected unopposed to the Executive Committee of CAF, I believed it should have been a unifying moment for Ghana football—a milestone of pride for the country.

It should have been one of those rare occasions where, regardless of our differences, we rallied around a single figure, simply because his achievement reflected not only on him but on all of us.

And yet, since returning from Cairo, you have faced a barrage of negativity, the kind that makes one pause and ask: what happened to the joy of celebrating our own?

I don’t know what influenced that, but I guess your popularity within the game, especially fans in your home country has diminished drastically. Whatever took that love away, fight and bring it back that’s why I say, be strong.

But as he you fight to “Bring Back The Love,” not just for yourself, but football in general, may I direct this to fellow Ghanaians.

Kurt’s elevation to one of the most powerful football decision-making bodies on the continent is not just a personal leap.

It is an institutional gain. It is a golden key that could unlock doors Ghana has been locked out of for years.

It is the beginning of what could be a new chapter—one where Ghanaian football, now bruised and battered, begins to find its rhythm again on the continental and global stage.

It is okay to question why he hasn’t unlocked the doors of success as head of the Ghana FA. That’s a fair question to ask. All the ills about league, all the ills about national teams failures. These are genuine questions.

But everyone deserves a chance at the high table.

It’s worth recalling that this isn’t the first time Ghana has had a seat at the high table of African football politics. Under Kwesi Nyantakyi’s stewardship as GFA President and later CAF First Vice President, Ghana’s influence on the continent was profound.

Because of his position, Ghanaians held key roles in CAF and beyond: former Chief Justice Anin Yeboah rose to serve as FIFA Deputy Disciplinary Committee Chairman, the late MND Jawula was a stalwart on the AFCON Organising Committee, and George Afriyie also had a seat at that influential table.

Lawyer Thaddeus Sory became CAF’s Deputy Appeals Committee Chairman. Frederick Acheampong is a CAF and FIFA match coordinator. Anthony Baffoe, one of Ghana’s finest exports, served as CAF’s Deputy General Secretary in charge of competitions.

Emmanuel Newton Dasoberi continues to serve football at the continental level.

Even the likes of the late Mark Addo and former club executives like Albert Commey found themselves working in high-capacity roles within the football ecosystem. And let’s not forget Ibrahim Sannie Daara, who continues to serve as a CAF media expert, keeping Ghana in the loop of continental storytelling.

This string of appointments wasn’t accidental. It was the result of a deliberate political arrangement to ensure Ghana had a say in football governance in Africa. Our seat at the table meant more than prestige—it meant influence, opportunity, and strategic partnerships that filtered down to benefit football.

Today, Kurt Okraku stands on the threshold of a similar moment. Even before his elevation, his presence and influence in WAFU Zone B had already brought significant returns, including Ghana hosting nearly every youth tournament in the region in recent years.

The signs are clear—his new position on the CAF Executive Committee could be a turning point, and with the right support, it could usher in another golden era for Ghanaian football diplomacy.

Yet, instead of celebration, he has returned to an avalanche of online abuse. The comments on social media are not only unhealthy—they are hurtful. It is baffling how, in a moment so pivotal, a section of the public finds more joy in tearing him down than in lifting him up.

If you won’t celebrate with him or be happy for him, why tear him down?

Make no mistake, Kurt Okraku has his flaws. He has made mistakes—some may even be costly.

The most glaring has been the Black Stars’ uninspiring performances in recent years. He would wish some of the decisions that impacted the team negatively never happened.

The Ghana Premier League has been an eyesore in multiple facets of late under his leadership, the Maidens were banned for alleged age-cheating…enumerating them would be a daunting task.

He won’t shy away from this truth, and neither should we. But must one’s lowest moments completely erase their efforts, their wins, and their potential?

It’s often said that the buck stops with the leader—and that’s true. But leadership also requires a community, a team, a support system. This is the moment Kurt needs his trusted people the most—those who understand the weight of the responsibility on his shoulders, and who, instead of pointing fingers, offer hands of help.

Mr Okraku, listen to them. People believe power can influence others to the extent that they won’t listen to any suggestion, but do not be drowned by power.

Now, let me be clear again: I am not Kurt Okraku’s cheerleader. I don’t believe in cheerleading people. I’ve written things, I’ve said things—honest critiques that, in quieter moments, may have left him wondering what he or the FA ever did to me.

The fact is that his success a leader the country’s most loved sport has direct impact on journalists, businesses, fans, and almost every aspect of Kwame Nkrumah’s Ghana.

I have benefited from one of his successes by not only travelling to Qatar for the World Cup, but I was the only Ghanaian journalist engaged as a correspondent for the FIFA+ channel and contributed to the FIFA+ World Cup Daily Show.

That was not a small feat.

That opportunity changed my life and shored me up at a point the economy collapsed and I suffered a haircut like many Ghanaians.

That haircut nearly paralysed me, but FIFA came through for because the Black Stars was in Qatar through the ingenuity of the FA.

And if Ghana continues to rise, many more journalists will benefit same.

Others were in Germany, South Africa, and Brazil simply because Ghana qualified under the Kwesi Nyantakyi administration. So, while I may not always agree with Kurt or his methods, I will be the last person to wish him failure—because his success has a direct impact on my own life and that of many others.

We can disagree, we can critique—constructively—but to tear down our own, to drag them every step of the way, is a self-inflicted wound we may never heal from.

Remember number 12? Many say Ghana football is still reeling from the impact of that film. There’s something called collateral damage. When that happens to football, we will be same people who will bear the brunt.

There’s absolutely no guarantee that if Kurt is taken out of the GFA and a new leader is installed, the fortunes of the game will change. No guarantee!

Ghanaian football can only soar when we are united in pushing it forward, even as we hold our leaders accountable.

Mr Okraku’s term as GFA President runs until 2027. Between now and then, he deserves the chance to lead without the toxicity that continues to plague our football discourse. His position at CAF could open doors for investment, development programmes, and more representation for Ghanaians in influential football circles.

Time will tell—but if the seeds bear fruit, we’ll all enjoy the harvest.

So let’s do better. Let’s embrace the spirit of celebration, not just for Kurt Okraku, but for what his success represents. Let us build an atmosphere around him that allows him to grow—not for himself alone, but for all of us. For our football. The game is not his. We all have an opinion how to manage or govern football, but for now, he’s the chosen one.

If you wish to succeed him, your tenure will come work God says so.

Mr Okraku, you must also find strength in the silence. Ignore the noise and focus on creating that enabling environment that will reflect the progress we all desire. Ghana football needs vision, but more importantly, it needs unity.

Mr Okraku, be strong!

Muftawu Nabila Abdulai

Your critic cum fan

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.

Mona Quartey is former deputy finance minister

A former Deputy Minister of Finance, Mona Quartey, has raised concerns over the government’s decision to increase the Growth & Sustainability Levy on mining companies from 1% to 3%, warning of its potential impact on the extractive sector.

During the presentation of the 2025 Budget Statement on March 11, 2025, the Minister of Finance, Dr. Cassiel Ato Forson, justified the levy hike as a strategy to ensure Ghana benefits from rising global gold prices. He also proposed extending the sunset clause to 2028.

Speaking on Channel One TV on March 15, 2025, Mona Quartey acknowledged the need for revenue generation but cautioned that the increased levy could place undue pressure on the industry at a critical time.

According to her, while the measure may provide short-term benefits, it should not be prolonged, as the extractive sector plays a crucial role in Ghana’s economic recovery.

“In 2024, we saw the extractive and oil industry making strong gains in terms of production, which is influenced not only by price but also by production costs, utilities, labor, and consumables within the sector.

“That is why I am somewhat concerned about the Growth & Sustainability Levy on the extractive industry increasing.

“I would prefer otherwise, but considering that our major source of funding right now comes from the tax refund account, and the government is trying to navigate the fiscal space to generate revenue, this measure may be necessary but only for the short term.

“This sector is crucial in helping Ghana recover from its debt crisis, as it brings in much-needed foreign currency,”* she stated.

SP/MA

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When Dr. Herbert Wigwe, the esteemed former Group Managing Director and CEO of Access Bank PLC, died in a tragic helicopter crash in February 2024, the financial world mourned the loss of a visionary leader.

The crash, which occurred in the United States of America, also claimed the lives of his wife, Chizoba, and their eldest son, Chizzy Wigwe, leaving behind not only a legacy of corporate excellence but also a family grappling with grief and an unfolding legal battle over his vast estate.

In the wake of the Nigerian billionaire’s passing, reports surfaced alleging internal disputes within the Wigwe family.

Central to the controversy were claims that Herbert’s 90-year-old father, Pastor Shyngle Wigwe, sought 20 percent of his late son’s assets, a request seemingly at odds with the stipulations of Herbert’s will.

However, Pastor Shyngle was quick to refute these allegations, asserting that no such demand had been made.

In a statement, he emphasised the family’s unity during this painful period, underscoring their collective desire to uphold Herbert’s legacy as a transformative banker and philanthropist.

Yet, despite these reassurances, the legal wrangling over Herbert’s estate gained momentum recently.

In November 2024, Herbert Wigwe’s cousin, Christian Wigwe, alongside his father, Pastor Shyngle, filed a suit in the Lagos State High Court in Ikeja, according to multiple reports and court documents cited by Nigerian media.

Their petition sought the appointment of interim administrators for Herbert’s estate and joint guardianship of his children.

However, in a decisive ruling in February 2025, the court dismissed the application, stating that the claims were indistinguishable from those in the main suit and were, therefore, inappropriate to be addressed at the interlocutory stage.

As the legal dust refused to settle, further concerns emerged regarding the validity and jurisdiction of Herbert’s will.

His elder sister, Joyce Wigwe, raised alarms over discrepancies between the Nigerian and U.S. versions of the document.

According to her, the Nigerian filing was a mere three pages long, whereas the original lodged document in Florida spanned some 18 pages.

This discrepancy prompted questions about why the full document was not submitted in Nigeria and sparked concerns over the handling of Herbert’s extensive assets across multiple jurisdictions.

“My father would never fight his child. If you look at our pleadings, we requested that Grandpa want to work alongside his granddaughter to nurture and raise the younger ones. It was never against Tochi Wigwe [Herbert’s daughter], it was about working with her. Anyone who takes the time to read our pleadings will see that we were advocating for unity and cooperation with Tochi,” Joyce Wigwe told TV360 Nigeria in an interview.

She continued, “Paul Usoro, the Chairman of Access Bank and the lawyer representing Tochi, the children, and others applied with the court to have Tochi join the suit. But why would we sue Tochi? She cannot access the documents concerning Access Bank and Herbert’s estate. Those documents are with Aigboje Aig-Imoukhuede, Paul Usoro, and Uche, that is why they were the defendants in the case.”

Despite the courtroom drama and lingering questions, one sentiment may have remained consistent among onlookers; the family’s collective effort to preserve the integrity of Herbert’s legacy.

While the legal complexities continue to unfold, the Wigwe family has repeatedly emphasised their commitment to healing, unity, and ensuring that the values he championed in his lifetime endure beyond the ongoing battle for his estate.

The financial legacy of late Herbert Wigwe

Beyond the legal disputes, Herbert Wigwe’s leadership left an indelible mark on Access Bank PLC.

Under his stewardship, the bank achieved record-breaking financial growth in 2023, posting a staggering 307% year-on-year profit increase.

This remarkable feat translated to a N619.32 billion ($451.7 million) profit, dwarfing the N152.2 billion ($111 million) recorded in 2022.

The group’s total comprehensive income mirrored this upward trajectory, skyrocketing to N1.031 trillion ($752 million) from N233.3 billion ($170.17 million) the previous year.

Financial experts attributed this exceptional profit surge to significant gains in both interest and non-interest income, alongside a major boost from net foreign exchange earnings, which soared from N335.54 billion ($244.8 million) in 2022 to a staggering N628.93 billion ($458.8 million) in 2023.

Wigwe’s strategic vision also saw Access Holdings’ total assets expand from N14.99 trillion ($10.93 billion) at the end of 2022 to an impressive N26.69 trillion ($19.47 billion) by December 31, 2023.

Similarly, equity attributable to owners surged from N1.208 trillion ($881 million) to N2.11 trillion ($1.54 billion), cementing Access Bank’s status as one of Africa’s financial powerhouses.

While his untimely demise has cast a shadow over his achievements, the financial strides made under his leadership remain a testament to his prowess as a banker and business strategist.

@tv360nigeria Herbert Wigwe Estate: Sister of late banking mogul speaks on family feud with Aigboje AIG Imoukhuede . . . #wigwe #herbert #access #ai #viralditiktok #aig #estate2023 #access #lagostiktok #lagos ♬ original sound – TV360 Nigeria

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MA

Featured

Mohammed Ali

Mar – 16 – 2025 , 11:06

2 minutes read

The Minister for the Interior, Muntaka Mohammed-Mubarak, has received a donation of essential food supplies from the Human Development Association International (HUDAI) Foundation, a Turkish-based organisation actively involved in Ghana’s humanitarian efforts.

The donation, made on behalf of the Ghana Prisons Service, aims to support inmates as part of the foundation’s annual charitable initiatives.

The food items, which included bags of rice, packs of cooking oil, cartons of tomato paste, bags of sugar, and packs of spaghetti, were presented on March 14, 2025.

Expressing gratitude for the gesture, the minister on March 21, 2025 emphasised that such contributions help alleviate the challenges faced by prisoners.

He assured that the donated items would be used for their intended purpose and encouraged other organizations to offer similar support.

“Imprisonment is not a death sentence. Providing for inmates improves their well-being and aids in their rehabilitation,” he stressed.

Speaking on behalf of Remzi Şeker, General Coordinator of the HUDAI Foundation, Project Coordinator Abdurahim Yüce reaffirmed the foundation’s commitment to serving humanity, particularly those in need.

He explained that their mission is purely driven by goodwill and a desire to make a positive impact, requesting only prayers in return.

As part of its Ramadan food distribution initiative, the Foundation has provided over 8,000 food packages to families, particularly those observing the fast.

These packages, which include rice, cooking oil, spaghetti, tomato paste, and sugar, have been distributed to underprivileged individuals, including prisoners. Additionally, special food packages have been arranged for Muslims to break their fast after prayers.

With support from the Turkish government, the HUDAI Foundation has played a crucial role in Ghana’s development, particularly in infrastructure, education, and humanitarian aid.

The organisation was responsible for constructing the 15,000-capacity Ghana National Mosque on a 4.2-acre plot in Kanda, Accra, making it the second-largest mosque in West Africa after the Massalikoul Djinane Mosque in Dakar, Senegal.

The mosque complex also includes a library, office spaces, a residential apartment, a research facility, a senior high school, a clinic, an administration block, an auditorium, and a conference center.

Beyond religious and educational support, the foundation has actively provided clean water solutions across all 16 regions of Ghana, constructing numerous boreholes in communities lacking access to potable water.

In 2019, it commissioned four electric mechanised boreholes in Tamale in the Northern Region as part of its 100-borehole target for underprivileged areas.

Additionally, it has been involved in building schools to support the government’s efforts to improve the education sector.

AM/MA

Mark Badu Aboagye, CEO of the Ghana National Chamber of Commerce and Industry (GNCCI)

The 2025 Budget may have introduced tax reforms and economic recovery plans, but one critical issue remains unresolved which has to do with fuel price stability.

According to Mark Badu Aboagye, CEO of the Ghana National Chamber of Commerce and Industry (GNCCI), the government failed to outline a clear strategy to tackle rising fuel costs.

He argues that fuel prices significantly impact inflation, business expenses, and the cost of living, making them a key economic concern.

“Fuel prices drive almost everything up, and I didn’t hear anything significant on how they are going to bring these prices down,” Badu Aboagye said in an interview with The High Street Journal on March 13, 2025.

He also warned that without measures to stabilize fuel costs, businesses will continue to struggle as rising transportation and production expenses are passed on to consumers.

With Ghana targeting an inflation rate of 11.9% in 2025, the GNCCI boss believes that ignoring fuel price control could derail this goal.

Badu Aboagye also raised concerns about the cedi’s depreciation, noting that expensive fuel imports and global price fluctuations will further strain businesses.

He therefore urged the government to take decisive steps to reduce energy costs, emphasising that fuel prices are crucial to economic stability.

While he acknowledged some positive aspects of the budget, such as tax cuts and proposed VAT reforms, he stressed the need for clear policies on fuel pricing to ease pressure on businesses and households.

Meanwhile, Ghana’s fuel market has experienced significant fluctuations in recent months.

In March 2025, fuel prices dropped for the second consecutive time, bringing some relief to consumers. Total Energies led the trend, reducing petrol and diesel prices from GH¢15.99 to GH¢15.79 per litre. Shell followed suit, lowering petrol from GH¢15.89 to GH¢15.72 per litre and diesel from GH¢15.99 to GH¢15.77 per litre.

Additionally, petrol, diesel, and LPG prices at the pump are expected to decrease by 4.5%, 3.8%, and 3.9%, respectively, in the second pricing window of March 2025, according to the Chamber of Oil Marketing Companies.

MA

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Ghana’s President, John Dramani Mahama, has identified Solana, a high-performance blockchain network, as a potential game-changer for fintech growth and cryptocurrency adoption across Africa.

In a recent social media post, Mahama stressed the importance of financial inclusion across the continent and pointed to Solana’s low transaction costs as a key driver for enabling cryptocurrency payments and investments. 

He stated, “Financial inclusion isn’t just a need for Ghana—it’s essential for all of Africa. With its low transaction costs, #Solana could be the key to driving fintech growth and enabling cryptocurrency payments & investments across the continent.”

Solana is a blockchain platform designed for fast and scalable decentralised applications. Unlike traditional blockchains such as Bitcoin and Ethereum, which often struggle with high fees and slow transaction speeds, Solana offers lightning-fast processing times and significantly lower costs, making it an attractive option for financial services and payments. 

The network’s unique proof-of-history (PoH) consensus mechanism allows for thousands of transactions per second, positioning it as a viable alternative for African fintech solutions.

Mahama’s endorsement of Solana aligns with his broader vision for Africa’s digital revolution. 

Speaking in an accompanying video, he highlighted how technology can help Africa bypass traditional development hurdles. He said, “The Fourth Industrial Revolution presents a golden opportunity for Africa to leapfrog traditional development models. We don’t need to go back to inventing the wheel. Digital transformation can drive financial inclusion, improve public service delivery, and create new opportunities for all our people.”

He further called for investments in internet expansion, digital infrastructure, fintech, and research and development to bridge the digital divide and make Africa more competitive. 

His comments come at a time when Ghana’s central bank is working to regulate the country’s cryptocurrency market. In August last year, the Bank of Ghana (BoG) issued draft regulations aimed at formalising oversight for digital assets.

These proposed guidelines include registration requirements for Virtual Asset Service Providers (VASPs), anti-money laundering compliance measures, and stronger internal controls for consumer protection. Additionally, the BoG is pursuing its own central bank digital currency, the eCedi, which was first announced in 2021 as part of Ghana’s digital finance innovation push. 

Authorities, however, continue to caution against the volatility of cryptocurrencies, urging investors to be mindful of sharp price fluctuations.

Mahama’s remarks signal growing interest in blockchain technology as a tool for economic transformation in Africa.

By Samira Larbie

Accra, March 14, GNA – Mr Labram Musah, the National Coordinator of the Ghana NCD (Non-Communicable Diseases) Alliance, has advised Ghanaians to take good care of their kidneys to prevent diseases. 

He said the kidneys were vital organs and played a critical role in the lives of humans and, as such, the need to prevent diseases that affected their normal functioning.  

Mr Musah gave the advice during a media interaction to commemorate the 2025 World Kidney Day.  

“A lot of people must do things for themselves. You must own your health. People must regularly check and know the status of their kidneys,” he added. 

He said that was important to ensure early detection and prevent end-stage kidney diseases. 

The World Kidney Day is observed annually on the second Thursday of March, seeking to raise awareness about kidney health and the importance of early detection and prevention of diseases. 

The 2025 World Kidney Day, observed on Thursday, March 13, is on the theme; “Are Your Kidneys Ok? Detect Early, Protect Kidney Health,” highlighting the need for early detection and timely intervention in prevention and management of the disease. 

The kidneys are vital organs that filter waste and excess fluid from the blood, maintain electrolyte balance, regulate blood pressure, and produce hormones that control red blood cell production and vitamin D activation. 

In Ghana, the prevalence of chronic kidney disease is estimated at 13.3 per cent, with chronic glomerulonephritis, diabetes mellitus, and hypertension being the major causes.  

Mr Musah said alcohol intake and smoking were also the major risk factors of kidney diseases apart from hypertension and diabetes. 

He advised the public to be mindful of what they consumed and always ensure that it was not harmful to their health.   

He called on the Government to put in place health promotion measures such as awareness creation to decrease the infection rate of the disease. 

Mr Kojo Ahenkorah, President of the Renal Patients Association, told the Ghana News Agency that kidney disease “is not something to joke about” and encouraged the public not to engage in self-medication. 

He said buying medicines over the counter without prescription was dangerous as it could lead to kidney diseases. 

He called for healthy lifestyles and regular check-ups, at least once a year for early detection and treatment.  

GNA 

Each year, Ghana loses an estimated $1.4 billion due to illicit financial flows

GhanaWeb Feature by Mawuli Ahorlumegah

Each year, Ghana loses an estimated $1.4 billion due to illicit financial flows, a staggering figure that continues to deprive the nation of critical resources for development.

According to the Tax Justice Network Africa (TJNA), the country is among those hemorrhaging significant revenue due to tax evasion, excessive tax exemptions, and systemic inefficiencies within its tax system.

At a recent summit of the African Parliamentary Network on Illicit Financial Flows and Taxation, held in Ghana, experts painted a grim picture of how these financial outflows are draining Africa’s economic potential.

Speaking to the media in June 2024, Francis Kairu, Strategic Programmes Director at TJNA, highlighted how multinational corporations and weak tax enforcement mechanisms contribute to the country’s revenue losses.

“Our governments must also acknowledge that the problem is a major issue, and I think the biggest challenge in our generation now is the issue of illicit financial flow,” Kairu stated.

“Ghana is one of the countries that losses the most because you have natural resources, you have a huge population that is being taxed. You also have multinational companies in this country, and you are losing over $1.4 billion every year to the activities of these multinationals and illicit financial flows. Ghana is one of the countries that grant tax exemptions and tax holidays every other day,” he added.

This issue extends beyond Ghana. A report from the United Nations Conference on Trade and Development (UNCTAD) estimates that Africa as a whole loses nearly $89 billion annually through illicit financial flows.

The report even described the continent as a “net creditor to the world,” highlighting the irony that, while Africa remains heavily reliant on foreign aid, it simultaneously loses far greater sums through capital flight and tax abuse.

Experts argue that much of these losses stem from the export of commodities like gold, diamonds, and platinum, where companies under-declare the value of their exports to minimize tax obligations.

Some businesses are also accused of falsifying financial records, mispricing goods in trade transactions, and engaging in transfer pricing manipulation to shift profits to lower-tax jurisdictions.

For Ghana, the consequences of these losses are severe. The country faces mounting debt and budget deficits, making it increasingly difficult to fund essential services such as education, healthcare, and infrastructure.

While policymakers continue to discuss reforms, stakeholders believe that stronger tax laws and better enforcement mechanisms are needed to curb illicit flows and retain more of Ghana’s wealth within its borders.

The battle against illicit financial flows is not just an economic challenge; it is a fight for national sovereignty, sustainable development, and financial justice.

But the question remains; how long can Ghana afford to lose billions before decisive action is taken?

MA