Financial Action Task Force — international organization whose grey list and blacklist designations carry significant financial costs for countries like Ghana, according to coverage of financial crime enforcement.
Second Deputy Governor of the Bank of Ghana (BoG), Matilda Asante Asiedu, has warned that Ghana must strengthen its fight against financial crime to avoid being placed back on the Financial Action Task Force (FATF) grey list. …
… The Financial Action Task Force (FATF), the global standard-setter for AML and counter-terrorist financing (CTF) frameworks, updated its Risk-Based Approach Guidance for the Real Estate Sector in July 2022 with an unambiguous verdict: the real estate sector ‘often has a poor unde …
… The Acting CEO further revealed that Ghana is currently undergoing its third-round mutual evaluation under Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) and the standards established by the Financial Action Task Force. …
… He also called on banks to actively support Ghana’s ongoing third-round mutual evaluation by the Financial Action Task Force (FATF), noting that the outcome would have significant implications for correspondent banking relationships, investor confidence and the country’s internat …
… Globally, the Financial Action Task Force (FATF), the international body that sets anti-money laundering (AML) standards, has defined virtual assets similarly and requires countries to regulate Virtual Asset Service Providers (VASPs). …
… Globally, the Financial Action Task Force (FATF), the international body that sets anti-money laundering (AML) standards, has defined virtual assets similarly, and requires countries to regulate Virtual Asset Service Providers (VASPs). …
… At the global level, the Financial Action Task Force and International Organization of Securities Commissions have established a clear compliance baseline, including risk-based supervision, transparency requirements, and interoperability considerations. …
Fraud cases among Ghana's payment service providers nearly doubled between 2022 and 2025, while banks saw a 34% decrease in reported fraud and deposit-taking institutions a 50% decline—suggesting fraud has shifted to weaker-defended institutions rather than increasing overall. The Bank of Ghana's Second Deputy Governor presented this data and argued for regulatory changes, noting that under current rules consumers bear loss responsibility while providers only handle complaints.
Fraud cases among Ghana's payment service providers nearly doubled between 2022 and 2025, while banks saw a 34% decrease in reported fraud and deposit-taking institutions a 50% decline—suggesting fraud has shifted to weaker-defended institutions rather than increasing overall. The Bank of Ghana's Second Deputy Governor presented this data and argued for regulatory changes, noting that under current rules consumers bear loss responsibility while providers only handle complaints.
The Second Deputy Governor of the Bank of Ghana has warned that the country must strengthen its fight against financial crime to avoid being placed back on the Financial Action Task Force grey list, citing the significant financial costs of such a listing. She noted that Ghana's latest mutual evaluation carries critical implications and highlighted recent collaborative efforts that have resulted in the arrest of 430 people in an intelligence-led operation against illegal online operators.
A commentary examines waste trafficking in Ghana as a climate and health hazard, noting that while human activities contribute most post-industrial greenhouse gas emissions, Ghana and other African nations contribute less than 5% of global emissions.
Dr Ken Ashigbey, convener of the Media Coalition Against Illegal Mining, has urged the government to trace financial networks sustaining galamsey operations and prosecute kingpins rather than focus solely on operators, warning that illicit cash flows linked to artisanal and small-scale mining threaten Ghana's international financial reputation and risk FATF blacklisting.
An analysis examines how Ghanaian real estate professionals may facilitate or prevent illicit financial flows through property transactions, noting that real estate is estimated to absorb USD 1.6 trillion in laundered money annually worldwide and is implicated in 74% of major money laundering schemes globally.
The Real Estate Agency Council (REAC) has warned that Ghana's booming property market remains susceptible to illicit financial activities and money laundering, urging practitioners to strengthen compliance and due diligence measures despite the sector's significant contribution to economic growth.
Dr Johnson Pandit Asiama, Governor of the Bank of Ghana, urged commercial banks to increase support for entrepreneurs and export-oriented businesses to transform economic stability into broad-based prosperity. He called on banks to develop innovative financial products and position themselves as strategic partners in economic development, noting that the banking sector's total assets expanded by 26.6 per cent to GHS493.9 billion in April 2026.
Cryptocurrency is digital money secured by mathematics and computer networks rather than banks or governments; Bitcoin, created in 2009, was designed to prevent any single entity from controlling it, and other cryptocurrencies including Ethereum and stablecoins have since emerged to serve various financial purposes.
Cryptocurrency is digital money secured by mathematics and computer networks rather than banks or governments. Bitcoin, created in 2009, was designed to prevent institutional control and arbitrary inflation, with other cryptocurrencies like Ethereum and stablecoins subsequently emerging for various financial applications.
Africa's fragmented cross-border payment systems are slow and costly compared to global averages, spurring interest in stablecoins as settlement infrastructure. The strategic question is whether African banks will institutionalize stablecoins within regulated frameworks or whether the infrastructure will continue to develop outside formal banking channels.