In Ghana, the dearth of a regulatory physique to handle the actual property trade has stifled the formal institution of the sector during the last decade.
However has additionally meant that the sector is ripe for cash laundering actions, more and more being utilized by anti-government teams to channel funds in a area vulnerable to navy coups.
“It’s alarming by way of the inroads that the launderers are attempting to construct in West Africa,” Samuel Amegayibor, the chief secretary of Ghana Actual Property Builders Affiliation (GREDA), the umbrella physique of property builders tells The Africa Report.
“These are people and they’re constructing properties and promoting them however will not be registered. We hear all types of issues and also you marvel the place these persons are getting their cash from,” he says. “Most real companies have been killed and we in Ghana can not sit by and watch cash launders take over our
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