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What is the SENSE in our money laundering laws? - Kwesi Pratt blasts Ghana's law enforcers

Local News

Kwesi Pratt, Managing Editor of insight newspaper

10 months ago
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Seasoned journalist, Kwesi Pratt has questioned the money laundering laws in Ghana.

The managing editor of the Insight newspaper, joining the Friday team of Peace FM's "Kokrokoo" morning show, raised concerns over people said to be laundering money into the country are treated.

According to him, there is no prohibition when a Ghanaian is sending huge amount of foreign currency to a foreign country but when he or she is bringing similar amount to Ghana, the person is said to be in breach of the law.

He cited how smooth and unchallenging it is for a person to convey for instance 5 million dollars from Ghana to Switzerland without any inhibition but when the same person is bringing such money to Ghana, he or she has to be disallowed by the authorities and the shocking thing, to him, is that it is Ghanaian authorities that will even extradite the money launderer to be prosecuted by the foreign authorities.

To him, the foreign countries are exploiting Ghanaians to enrich their nations and instead of Ghana doing the same, the authorities are busy arresting people for hoarding money that they have primarily acquired legitimately and wants to bring it to Ghana which would be of enormous benefit to the growth of the nation.

"What is the sense in our money laundering laws?", he queried as he could not wrap his head around the laws on money laundering in Ghana.

source: theannouncergh.com