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Business News for Monday, October 12, 2020
Source: Starr FM
2020-10-12
Head of the EU Delegation in Ghana, Ambassador Diana Acconcia
The European Union (EU) says there is no evidence of money laundering in Ghana following the Union’s blacklisting of Ghana in May 2020.
The EU Head of Delegation to Ghana, Ambassador Diana Acconcia has explained that Ghana has been blacklisted because it did not implement some controls to prevent money laundering.
“There is no evidence of money laundering in Ghana,” he told Accra-based Asaase Radio on Monday.
Also reacting to reports of the ING Bank directive in Belgium for the Ghanaian embassy to close its accounts with the bank, Ambassador Acconcia said: “The fact that the account of the Ghanaian Embassy in Belgium and the European Union has been closed by a Belgium Bank, that was a business decision made by the bank. The bank was not at all obliged by the EU to close the embassy account. “
He added: “It was a business decision to apply more checks to the Embassy. The listing does not affect trade, development aid and there will be no problem paying for budget support and the main projects we have in Ghana…. Ghana is already doing a lot because there is the Financial Intelligence Center in the Central Bank, among others, to verify some of these things. “
Background
The Ghanaian Embassy in Brussels, the capital of Belgium, received an order from its banker to withdraw all its money so that the bank could proceed to close the embassy accounts.
ING Bank has not given basis for the decision, but says it is irreversible. The embassy has until November 12, 2020 to withdraw all your money to another bank.
The Ghana Mission in Brussels has four bank accounts. They are:
1. Main account in euros, a checking account,
2. Main account in euros, a commercial account,
3. Special collection account,
4. Retention Fund Account, which is used for funds generated internally by the embassy.
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