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EOCO recovers over ¢50m to State Coffers from tax defaulters

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The Economic and Organised Crime Office (EOCO), has recovered over GH¢50 million in debt arrears to the Ghana Revenue Authority.

Speaking at a multi-stakeholder Business Integrity Forum in Accra, the Executive Director of the Office, Kwesi Amoah said the money was retrieved from individuals and organisations who have defaulted in their tax obligations and indulged in corrupt practices.

He said, corruption is attitudinal, hence its fight requires an all hands on deck approach to ensure that the right things are done.

Corruption has been identified as the single greatest obstacle to economic and social development around the world.

Studies have shown that every year, one trillion dollars is paid in bribes while an estimated $2.6 trillion are stolen annually through corruption- a sum equivalent to more than five percent of the global GDP.

Executive Director of EOCO, Kwesi Amoah said the private sector has a vital role to play in tackling corruption.

The act, he intimated is attitudinal, hence its fight requires an all hands on deck approach to ensure that the right things are done.

The Chief Executive Officer of the Private Enterprise Federation (PEF), Nana Osei-Bonsu emphasised the need to tackle corruption by educating the younger generation from the basic level.

He noted that PEF is engaging law enforcement agencies to empower members of the private sector to report illegal demands made on them by both public and private individuals and institutions.

The Executive Director of the Ghana Integrity Initiative (GII), Mrs. Linda Ofori-Kwafo called for the effective implementation of existing laws to make the act of corruption unattractive.

She said the GII will continue to hold both individuals and institutions accountable to ensure that the right thing is done. Participants at the forum called for the publication of names of persons implicated in corrupt practices.

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