A Lecturer at the University of Ghana Business School, Dr. Lord Mensah says money laundering in any form either internally or externally has dire consequences on developing economies in particular.
He said laundered money is dirty which must be watched.
It is usually channeled into Arms proliferation and terrorism.
Speaking to GBC’s Radio Ghana, Dr. Mensah said there are clear signals that money laundering is taking place in Ghana.
“If you look at money laundering, you can look at it from both internal and external, and I can tell you even in Ghana, there are serious internal money laundering situations in Ghana which sometimes we overlook and then look at what is happening outside.”
Listen to the attached audio for detailed information.