The West African country is therefore 60th in the 2019 anti-money laundering and terrorist financing rankings.
ADVERTISEMENT
Ghana moves up six places in the latest anti-money laundering, terrorist financing rankings
Ghana has gone up six places in the latest anti-money laundering and terrorist financing rankings.
corruption
This is according to the latest Anti Money Laundering Index put together by the Swiss Basel Institute of Governance.
Ghana scored 5.29 in 2019 compared to 5.32 in 2018.
Details of the rankings and interpretation
ADVERTISEMENT
A country is said to be doing well if it is closer to 1. However, if it gets closer to 10 then it means that it is not doing that well. The score range is between 1-10.
The best-performing countries show a near-zero risk level, in this domain countries are ranked from highest to the lowest level of risk.
The change column reflects the comparison of 2018 and 2019 results. Negative scores identify progress made (lower risks for the country) and positive scores demonstrate an increase in ML/TF risks.
It ranked countries on five domains
1. Quality of AML/CFT Framework
ADVERTISEMENT
2. Bribery and Corruption
3. Financial Transparency and Standards
4. Public Transparency and Accountability
5. Legal and Political Risks
How are the rankings measured?
ADVERTISEMENT
The Basel AML Index measures the risk of money laundering or terrorist financing activities. It does not measure the actual amount of money laundering or terrorist financing activity.
Data collection for the 2019 Public Edition of the Basel AML Index was finished in June 2019.
The Basel Anti-Money Laundering Index is an independent annual ranking that assesses the risk of money laundering and terrorist financing (ML/TF) around the world.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.com.gh
Recommended articles
How 1 woman became first lady of 2 different countries — she married 2 presidents
How parents, teachers can recognise when a child is being bullied
Ladies! Here are 5 things you shouldn't say to your man during sex
It's illegal to publicly celebrate your birthday in this country
Don't pay new transport fares - GPRTU and GRTCC urge Ghanaians
Reflo’s makes a splash at Madina market with product showcase and community engagement
Akufo-Addo will sign the anti-gay bill if it reaches his desk – Miracles Aboagye
400 acres of cocoa farms at risk due to MIGOP Mining Limited's exploration activities