“People are carrying more than a million dollars out of Ghana without declaring it,” Bank of Ghana Governor Dr Johnson Asiama has revealed.
Speaking on Joy News’ yet-to-be-aired PM Express Business Edition, he described such practices as major leakages that threaten the stability of the economy and undermine efforts to fight money laundering.
“If you look at the currency declaration context framework, for example, the intel we got was that some people actually take out, you know, large volumes of cash.
“People are carrying over a million dollars just out of Ghana, without declaring these, those are leakages, right?” Dr Asiama said.
“And so as a regulator, it is for us to work together with the other regulators, GRA and the others to ensure that if you have to carry such large sums, these are accounted for.
“These are declared. The sources are known. And don’t forget, that’s also good for the anti-money laundering fight that we have on our hands.”
