General News of Friday, 21 May 2021Source: www.ghanaweb.com• The European Commission has announced Ghana has been removed from the Money Laundering List• The Financial Action Task Force is expected to formally take Ghana off the list in June 2021•The EU's taskforce and that from Ghana will meet to discuss the modalities towards the realization of this initiative. The European Commission, EU, will in June 2021 remove Ghana from the list countries deficient in Anti-Money Laundering and Terrorism Financing. The European Commission has also selected Ghana as the possible manufacturing hub for COVID-19 vaccines. According to the European Commission, Ghana has already taken initiatives and demonstrated goodwill towards domestic manufacturing of the vaccines. According to the EU, the weaknesses identified posed a serious risk to their financial system hence the action, based on recommendations from the Financial Action Task Force.

Source: GhanaWeb May 21, 2021 17:37 UTC