Ghana Ghana

New Documents

The Bank of Ghana published new guidelines for regulated entities on anti-money laundering, counterterrorist financing, and countering the proliferation of weapons of mass destruction.

The Intergovernmental Action Group against Money Laundering in West Africa published a fifth follow-up report on steps taken by Ghana to enhance its anti-money laundering and counterterrorist financing regime, highlighting that improvements resulted in three positive technical compliance re-ratings.


Enforcement Actions

0 Items Found

Important Facts

  • The U.S. State Department labels Ghana as a major money laundering country. The State Department highlights that Ghana continues to make progress in strengthening its anti-money laundering (AML) regime, which is largely in line with international standards. In September 2019, Ghana developed a National AML/CTF Policy and Action Plan to address all the strategic deficiencies identified in its national risk assessment. The country's Financial Intelligence Center continues to work with international partners to conduct AML/CTF trainings for both government and private stakeholders. The most prevalent predicate crimes for money laundering offenses in Ghana are fraud, theft, tax evasion, corruption and drug trafficking. Other less prevalent predicate offenses include human trafficking, migrant smuggling, organized crime, arms trafficking, counterfeiting of currency, counterfeiting and piracy of products, environmental crime and forgery. The State Department notes that designated non-financial businesses and professions continue to represent the largest gaps in Ghana’s AML regime due to ineffective adherence to customer due diligence requirements and a lack of enforcement. The country has comprehensive know-your-customer and suspicious transactions reporting regulations, and legislation was signed by President Akufo-Addo in 2019 to establish a beneficial ownership registry.
-Source: 2021 International Narcotics Control Strategy Report (INCSR)


FATF i | 2013 Methodology

Technical Effectiveness
Compliant : 13 High : 0
Largely Compliant : 22 Substantial : 1
Partially Compliant : 5 Moderate : 4
Non-Compliant : 0 Low : 6

Ghana was removed from FATF's "gray list" in June 2021. Ghana's technical compliance was most recently re-rated in an Aug. 29, 2022, follow-up report.


Rank : 42/110
Score : 4.88/10


Rank : 75/179
Score : 43/100

Tax Justice Network i

Rank : 117/133
Score : 52/100