GFI’s ‘Cleaning the Foundations’ report finds that at least US$48.8M was laundered through Ghanaian real estate, exposing significant AML and beneficial ownership weaknesses

The report examines how illicit financial flows, corruption proceeds and other criminal funds can enter Ghana’s real estate sector, pointing to rapid property price growth, limited beneficial ownership transparency, under-supervised gatekeepers and uneven AML enforcement as key vulnerabilities. It calls for stronger supervision of real estate professionals, better beneficial ownership data, tighter due diligence, improved inter-agency co-ordination and…