Africa loses $528.9 billion to illicit transfers in a decade Ghana Web Illicit Wealth, Tax, Natural Resources The African Civil Society Circle, a group of nine civil society organizations and think tanks from Southern Africa, has disclosed that Africa lost a staggering total of US$528.9 billion in a decade, from 2002-2012, to financial leakages. A report by the group available to Public Agenda further reveals that the amount in issues far outstrips official development assistance which stood at US$348.2 billion, and US$284 billion in net inward foreign direct investment. Illicit financial flows refer to money that is illegally earned, illegally transferred or illegally utilized. Ghana Ghana Web 2015 2015 Text 4p. iffoadatabase.trustafrica.org/iff/africa_loses_$528.9_billion_to_illicit_transfers_in_a_decade.pdf