Ghana’s Attorney General and Minister of Justice, Godfred Yeboah Dame, has called for enhanced global cooperation in the fight against cross-border economic and financial crimes.
Speaking at the 41st Cambridge International Symposium on Economic Crime at Jesus College, University of Cambridge, Dame emphasized the critical need for international collaboration to combat this growing global threat.
Dame highlighted that the survival of the global community hinges on its ability to foster strong partnerships among justice systems worldwide. He noted that Ghana has taken significant steps to strengthen its legal framework to effectively trace and confiscate the assets of criminals, ensuring that those who commit financial crimes do not profit from their illicit activities.
“Given the motives and methods used by perpetrators of financial crime, Ghana has deliberately undertaken far-reaching institutional reforms, including the establishment of a strong legal framework to combat these crimes,” Dame stated. He referenced the Economic and Organised Crimes Office Act of 2011, which led to the creation of the Economic and Organised Crimes Office (EOCO), an agency dedicated to preventing and detecting organized crime and facilitating the confiscation of criminal proceeds.
Dame’s remarks underscore the importance of global cooperation in addressing the complexities of economic crime, as nations work together to build robust legal and institutional structures to protect the integrity of the global financial system.
