Curbing Illicit Financial Flows from Africa requires more than usual rhetoric
- Ghana Business News 2016
- 3p.
The article relays illicit activities in which the African continent is said to be losing about $60 billion every year through illicit financial outflows (IFFs). The activities of multinational corporations have been identified to be responsible for 60 per cent of the outflows, while criminal activities such as human trafficking and money laundering drive 35 per cent, corruption plays a five per cent role in shifting all these money out of the continent.
