The United Nations has set aside today, Monday, 9th December 2019 as International Anti-Corruption Day.
Even though corruption in Ghana is relatively low when compared to other countries in Africa, businesses frequently quote corruption as an obstacle for doing business in the country. Corruption occurs often in locally funded contracts; companies are subject to bribes when operating in rural areas.
Ghana is the 78 least corrupt nations out of 175 countries, according to the 2018 Corruption Perceptions Index reported by Transparency International.
The Ghana Anti-Corruption Coalition Commemorate the International Anti-Corruption Day (IACD) by holding a symposium where presentations will be received from Tertiary Institutions on breaking the corruption chain with a focus on Quality Education and Sustainable Development.
Other participants included the informal sector and representatives from the TUC, Parliament, PPA, Audit Service, Internal Audit Service, and Ghana Integrity Initiative (GII) among others.
Every year $1 trillion is paid in bribes while an estimated $2.6 trillion are stolen annually through corruption – a sum equivalent to more than 5 percent of the global GDP. In developing countries, according to the United Nations Development Programme, funds lost to corruption are estimated at 10 times the amount of official development assistance.
Corruption is a serious crime that can undermine social and economic development in all societies. No country, region or community is immune.
Source: Kofi Atakora
