Ghana Lost $54B to Trade Illicit Flows in a Decade (Report Urges Customs Reform, Data Analytics)
According to a Global Financial Integrity (GFI) report, Ghana lost an estimated US$54.1 billion to trade-related illicit financial flows (IFFs) between 2013 and 2022. This makes it the third most affected country in Africa. The study found that almost 28% of Ghana’s trade may be misinvoiced or not counted, especially when it comes to gold,…

