40% of all dirty money around the world go through London or British overseas territories – UK Minister of State for Dev’t

About 40% of all the stolen funds, or the dirty money around the world tend to go through London or British Overseas Territories, the UK Minister of State for Development and Africa, Rt. Hon. Andrew Mitchell, has said.

He says the UK is ready to help Ghana recover any money stolen from Ghana that passes through London.

“One of the aspects which the white paper deals with is dirty money or stolen funds, where Britain under Prime Minister Cameron, who is now Foreign Minister for Britain. One of the key things he did as Prime Minister was to try and tackle global corruption and the flows of illegally taken money.

“I want to point out that the close relationship between our two countries extends to all areas, but in particular if money is stolen from Ghana as a result of corruption, Britain will be a faithful supporter of Ghana to try and bring it back. Something like 40% of all the stolen funds, or the dirty money around the world tend to go through London or British Overseas Territories. So, Britain has a dog in the fight on this, so we want to help Ghana if Ghana has difficulties in that respect,” he said in an exclusive interview aired on TV3’s Ghana Tonight on January 31.

Alfred Ocansey sat with Mr Mitchell on the sidelines of the ninth UK-Ghana Business Council (UKGBC) meeting in Accra, which he co-chaired with Vice President Dr Mahamudu Bawumia.

Among others, Council members discussed the global climate finance architecture and welcomed Ghana’s commitment to unlock climate financing to support a pipeline of impactful climate activities in areas such as; carbon finance blends, EVs, shipping and a hydrogen economy.

Source:3news.com