BoG warns against return to FATF grey list as financial crime risks rise

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.

According to her, the success of the collaboration should not be measured by the number of meetings or reports produced, but by concrete outcomes such as stronger intelligence sharing, successful investigations and prosecutions, asset recovery, improved regulatory compliance and a measurable reduction in financial crime.

According to her, the outcome of Ghana's latest mutual evaluation carries significant implications for the country, making it critical for institutions responsible for combating financial crime to deepen collaboration and strengthen enforcement efforts.