Thomas Ampem Nyarko
Government has reaffirmed its commitment to the fight against money laundering, terrorist financing and proliferation financing, indicating to the international community that its resolve to tackle financial crime remains non-negotiable.
Speaking at the opening of the on-site Mutual Evaluation of Ghana’s Anti-Money Laundering, Counter-Terrorist Financing and Counter-Proliferation Financing (AML/CFT/CPF) regime in Accra yesterday, the Deputy Minister for Finance, Thomas Ampem Nyarko, said the country’s determination is driven as much by national interest as by international obligations.
He stressed that combating illicit financial flows is critical to safeguarding Ghana’s economic stability, protecting the integrity of the financial system and maintaining investor confidence.
“Ghana’s commitment to combating money laundering, terrorist financing and proliferation financing is unwavering,” the Deputy Minister said, adding that the issue has evolved beyond a narrow regulatory requirement.
According to him, AML/CFT is now recognised as a shared national responsibility with wide-ranging implications for economic security, good governance and the nation’s standing within the global financial system.
Mr. Nyarko said the country’s approach is underpinned by strong political will, improved inter-agency collaboration, more effective use of financial intelligence and an increasing focus on tangible outcomes such as investigations, prosecutions, convictions and asset recovery.
He noted that while risks continue to evolve and challenges persist, the nation has developed a credible and responsive framework capable of adapting to emerging threats.
The Deputy Minister described the mutual evaluation process as an opportunity rather than a threat, emphasising that it is a constructive engagement aimed at strengthening effectiveness and aligning Ghana’s systems more closely with international best practices.
He assured the evaluation team, which will engage with institutions in the coming days, of the government’s transparency, preparedness and a sustained commitment to deepening reforms.
By Ernest Kofi Adu