Ghana’s Financial Intelligence Centre says the use of virtual markets and virtual currencies such as bitcoin and kitiwa is a severe risk to the country’s security. The assessment is based on available international records that show insurgencies have been funded from Ghana. Saddled with combating money laundering and terrorist financing, the centre is now working to make Ghana the first country in West Africa to publish its national risk assessment.
Africa moves to cashless economy
The country will also undergo the second phase of a regional mutual evaluation against money laundering in its readiness to fight the crime, added the centre’s CEO, Samuel Essel.