The Ghana Integrity Initiative (GII) has reaffirmed its commitment to fighting corruption through enhanced transparency and accountability with the launch of the Beneficial Ownership Regime Report in Accra.
The report evaluates Ghana's progress in implementing beneficial ownership disclosure, a crucial measure in combating illicit financial flows and ensuring corporate accountability.
Speaking at the launch on Wednesday, GII's Executive Director, Mrs Mary Awelana Addah, highlighted the country's efforts over the past five years to strengthen beneficial ownership disclosure, emphasising its role in improving corporate governance and business transparency. "Beneficial ownership transparency is not just an administrative process; it is a fundamental pillar in the fight against corruption," she stated.
Citing a United Nations Conference on Trade and Development (UNCTAD) report, she noted that Africa loses approximately $88.6 billion annually to illicit financial flows-an amount nearly equivalent to the continent's total official development assistance.
