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This is how much Ghana loses every year because of corruption

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IMANI Africa has revealed that Ghana loses $3 billion every year due to corruption in the country.

IMANI Africa president, Franklin Cudjoe play

IMANI Africa president, Franklin Cudjoe

IMANI Africa, a center for policy and education in Africa has revealed that Ghana loses more than $3 billion to corruption in the country.

According to IMANI, a study the organisation made disclosed that the country loses the huge amount every year due to corruption related activities.

The study looked at losses through malpractices in public procurement in over-invoicing, inflating of contract prices and other practices of malfeasance.

The losses through corruption, IMANI said, could be about 300% increase every year since 2012.

IMANI Africa said, “Compared to the total aid received over the years, the losses through corruption could be said to be about 300% of the aid received every year.”

Meanwhile, the government of Ghana under the regime of President Nana Addo Dankwa Akufo Addo has for some time tried several ways to reduce the menace of corruption in the country.

Earlier this year, the president said, "A consistent fight against corruption in public life will bring the transformation we look for.

The president stated that for corruption to end, it would require strengthened institutions to tackle the issue, as well as for the citizens to rein in their efforts as well.

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