The Bank of Ghana has issued a warning about the need to fight financial crime. This is to keep Ghana off the Financial Action Task Force grey list.
Second Deputy Governor Matilda Asante Asiedu stated that Ghana must improve its efforts. This is to avoid being placed back on the FATF grey list.
She spoke at the opening of a workshop for a technical committee. The workshop focused on cooperation.
Being on the FATF grey list can negatively affect a country's financial reputation and economy.
Ghana was previously on the list and worked to meet international standards.
Strengthening measures against money laundering and terrorist financing is crucial.