Browsing: Africa Investments Risk and Compliance (IRC)

President Nana Akufo-Addo

The President of the Republic of Ghana, Nana Addo Dankwa Akufo-Addo, has stated that for Africa to be able to transform herself, and become the epitome of economic empowerment and self-reliance, she needs to have the wherewithal to be able to protect and optimise the resources at her disposal.

To this end, President Akufo-Addo, speaking at the EBII Africa Investments Risk and Compliance (IRC) Summit, on Friday, 30th July 2021, at the University of Oxford, has admonished African governments to build robust financial compliance systems, and ensure strict enforcement of these systems.

Speaking on the theme “Financial Crime Compliance and ESG – The Future of African Investment”, the President stated a recent report has put the cost of financial crime compliance across all financial institutions, globally, at an all-time high of $180.9 billion for the year 2020.

Part of the reality in Africa, according to President Akufo-Addo, is that there …