Ghana will soon be removed from the list money laundering and terrorist financing countries by the European Union (EU).
This was disclosed by the Head of the EU delegation to Ghana, Diana Acconcia, in an interview monitored by norvanreports.
Touching on the subject in the interview, Mrs Acconcia noted the decision by the EU to have Ghana removed from the list follows, the progress made by the country in taking corrective measures to deal with issues raised by the Financial Action Task Force (FATF).
“It’s just a matter of time as that the Financial Action Task Force officials should be in town soon for its final review, physically or a possible virtual review. They are ready to remove Ghana from the list and I hope they can come and do that very soon because the country has made a lot of progress,” she said.
Adding the EU, is only waiting for the FATF report or review to take further action on the issue.
Ghana was added to a list of 12 countries with weak or deficiencies in Anti Money Laundering and Terrorism financing laws by the EU.
The list published on May 7, 2020, by the EU also included the Bahamas, Barbados, Botswana, Cambodia, Jamaica, Mauritius, Mongolia, Myanmar, Nicaragua, Panama and Zimbabwe.
According to the EU, the weakness identified in the listed countries possess a serious risk to their financial system hence the action.
Ghana’s Finance Ministry, later in the statement, described the action as surprising and unfortunate, especially when government claimed that they had already taken steps to address all the issues identified by the FATF.
