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Illicit Financial Flows and the Extractive Industry in Ghana (Record no. 566)

000 -LEADER
fixed length control field 01338nam a22001337a 4500
100 ## - MAIN ENTRY--AUTHOR NAME
Personal name Africa Centre for Energy Policy(ACEP)
245 ## - TITLE STATEMENT
Title Illicit Financial Flows and the Extractive Industry in Ghana
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT)
Place of publication Ghana
Name of publisher Africa Centre for Energy Policy
Year of publication 2015
300 ## - PHYSICAL DESCRIPTION
Number of Pages 28p.
520 ## - SUMMARY, ETC.
Summary, etc This study conducts a literature review of the causes, nature and extent of illicit financial flows in the natural resources sectors of Africa with emphasis on Ghana and makes recommendations for addressing this menace. Available research evidence shows that illicit financial flows in the extractive sectors occur through three main sources, namely corruption, illegal exploitation, and tax evasion. The quest for structural transformation in Africa requires raising the continent’s productive capacity. However, achieving this developmental state in Africa has been significantly constrained by the financial structures of illicit financial flows (IFFs). IFFs undermine the potential for economic transformation in the continent through, draining tax revenues and scarce foreign exchange resources, stifling growth and socioeconomic development, and weakening governance .
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical Term Natural Resources, Tax Evasion
856 ## - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier iffoadatabase.trustafrica.org/iff/Illicit Financial Flows and the Extractive Industry in Ghana.pdf
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Koha item type Computer Files

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