West Africa: Ghana’s Real Estate Conduit for Illicit Financial Flows – Benaiah Nii Addo

The Executive Director of Green Tax Youth Africa, Benaiah Nii Addo, has sounded the alarm over Ghana’s real estate sector becoming a conduit for Illicit Financial Flows (IFFs), with buyers using large sums of untraceable cash to acquire properties while bypassing the banking system and tax regulations.

Illicit Financial Flows are illegal movements of money or capital from one country to another, often to evade taxes, launder money, or hide wealth.

It can involve criminal activities such as drug…