Business News of Monday, 29 March 2021Source: www.ghanaweb.comHead of Tax Policy Unit at the Ministry of Finance, Daniel Nuer has urged African governments to implement tighter measures against illicit financial flows. According to him, the risks associated with these flows are more dangerous than that for illegal arms and drugs. He made the call during a stakeholder engagement organised by the Ghana Integrity Initiative and Tax Justice Network Africa. “African governments must do all within their power to block all avenues of illicit financial flows from the continent in order to make the most of their mineral resources and their revenue thereof,” he added. According to the report, an estimated $88.6 billion, equivalent to 3.7 percent of Africa’s GDP, leaves Africa every year in the form of illicit financial flows.

Source: GhanaWeb March 29, 2021 11:48 UTC