Sunday, July 27, 2025
Voice FM...94.3
  • Home
    • All
    • Extra
    • Featured
    • International News
    • Local News
    • Politics
    • Voice Articles
    • Voice Business
    • Voice Entertainment
    • Voice Sports
    Afriyie Barnieh joins Swiss side FC Aarau

    Afriyie Barnieh joins Swiss side FC Aarau

    Mahama orders GoldBod taskforce to use body cameras to enhance transparency

    Mahama orders GoldBod taskforce to use body cameras to enhance transparency

    Storm-ravaged school in Talensi District transformed by Seidu Agongo

    Storm-ravaged school in Talensi District transformed by Seidu Agongo

    Mahama promises 10% seized gold as reward for whistleblowers

    Mahama promises 10% seized gold as reward for whistleblowers

    C/R: Two (2) perish in a gory accident on the Mankessim-Accra highway

    C/R: Two (2) perish in a gory accident on the Mankessim-Accra highway

    Suspect arrested in connection with robbery at Offinso Abofour

    Suspect arrested in connection with robbery at Offinso Abofour

    Trending Tags

    • Voicefm
  • Politics
  • Sports
  • Business
  • Health
  • Entertainment
  • International
    • All
    • Africa
    • Americas
    • Asia
    • Europe
    Pope Francis dead at 88, Vatican confirms

    Pope Francis dead at 88, Vatican confirms

    Boy, 10, dies after 340-pound foster mother sits on him

    Boy, 10, dies after 340-pound foster mother sits on him

    Pastor’s son in trouble for selling girlfriend’s car to marry another woman

    Pastor’s son in trouble for selling girlfriend’s car to marry another woman

    Kenyan Policeman shoots Magistrate in open court

    Kenyan Policeman shoots Magistrate in open court

    Lady commits suicide after an interview she granted recounting how she was sleeping with dogs surfaced online

    Lady commits suicide after an interview she granted recounting how she was sleeping with dogs surfaced online

    Prophet banned from casinos for winning too much

    Prophet banned from casinos for winning too much

  • Voice Xtra
    • All
    • Health
    • Religion
    • Technology
    Bono Regional Chief Imam passes on

    Bono Regional Chief Imam passes on

    ‘If you were silent under NPP, stay silent now’ – Rev Obofour to critics

    ‘If you were silent under NPP, stay silent now’ – Rev Obofour to critics

    Prophet banned from casinos for winning too much

    Prophet banned from casinos for winning too much

    Train Crash: Truck Driver Parked to Look for Jerk-Eyewitness Reports

    Train Crash: Truck Driver Parked to Look for Jerk-Eyewitness Reports

    Owusu-Bempah exposes Opambour’s boy

    Owusu-Bempah exposes Opambour’s boy

    I saw it – Nigel Gaisie stands by his prophecy on John Kumah’s death

    I saw it – Nigel Gaisie stands by his prophecy on John Kumah’s death

    • Gospel
    • Religion
    • Health
    • Technology
    • Voice Articles
  • LIVE Radio
No Result
View All Result
Voice FM...94.3
  • Home
    • All
    • Extra
    • Featured
    • International News
    • Local News
    • Politics
    • Voice Articles
    • Voice Business
    • Voice Entertainment
    • Voice Sports
    Afriyie Barnieh joins Swiss side FC Aarau

    Afriyie Barnieh joins Swiss side FC Aarau

    Mahama orders GoldBod taskforce to use body cameras to enhance transparency

    Mahama orders GoldBod taskforce to use body cameras to enhance transparency

    Storm-ravaged school in Talensi District transformed by Seidu Agongo

    Storm-ravaged school in Talensi District transformed by Seidu Agongo

    Mahama promises 10% seized gold as reward for whistleblowers

    Mahama promises 10% seized gold as reward for whistleblowers

    C/R: Two (2) perish in a gory accident on the Mankessim-Accra highway

    C/R: Two (2) perish in a gory accident on the Mankessim-Accra highway

    Suspect arrested in connection with robbery at Offinso Abofour

    Suspect arrested in connection with robbery at Offinso Abofour

    Trending Tags

    • Voicefm
  • Politics
  • Sports
  • Business
  • Health
  • Entertainment
  • International
    • All
    • Africa
    • Americas
    • Asia
    • Europe
    Pope Francis dead at 88, Vatican confirms

    Pope Francis dead at 88, Vatican confirms

    Boy, 10, dies after 340-pound foster mother sits on him

    Boy, 10, dies after 340-pound foster mother sits on him

    Pastor’s son in trouble for selling girlfriend’s car to marry another woman

    Pastor’s son in trouble for selling girlfriend’s car to marry another woman

    Kenyan Policeman shoots Magistrate in open court

    Kenyan Policeman shoots Magistrate in open court

    Lady commits suicide after an interview she granted recounting how she was sleeping with dogs surfaced online

    Lady commits suicide after an interview she granted recounting how she was sleeping with dogs surfaced online

    Prophet banned from casinos for winning too much

    Prophet banned from casinos for winning too much

  • Voice Xtra
    • All
    • Health
    • Religion
    • Technology
    Bono Regional Chief Imam passes on

    Bono Regional Chief Imam passes on

    ‘If you were silent under NPP, stay silent now’ – Rev Obofour to critics

    ‘If you were silent under NPP, stay silent now’ – Rev Obofour to critics

    Prophet banned from casinos for winning too much

    Prophet banned from casinos for winning too much

    Train Crash: Truck Driver Parked to Look for Jerk-Eyewitness Reports

    Train Crash: Truck Driver Parked to Look for Jerk-Eyewitness Reports

    Owusu-Bempah exposes Opambour’s boy

    Owusu-Bempah exposes Opambour’s boy

    I saw it – Nigel Gaisie stands by his prophecy on John Kumah’s death

    I saw it – Nigel Gaisie stands by his prophecy on John Kumah’s death

    • Gospel
    • Religion
    • Health
    • Technology
    • Voice Articles
  • LIVE Radio
No Result
View All Result
Voice FM...94.3
No Result
View All Result
Home General News Featured

Companies Act amended for beneficial ownership – Bawumia

Attah Dabone by Attah Dabone
February 2, 2017
in Featured, Voice Business
0
Companies Act amended for beneficial ownership – Bawumia
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Ghana’s Companies Act has been amended to make room for the beneficial ownership regime in the country, Vice President Dr Mahamudu Bawumia has said.

A beneficial owner is a person who enjoys the benefits of ownership even though title to some form of property is in another name.

Speaking at a regional conference in Accra on beneficial ownership organised by the Ghana Integrity Initiative (GII), local chapter of anti-graft body Transparency International on Thursday, 2 February, on the theme Supporting New Beneficial Ownership Transparency Champions, Dr Bawumia said the discussion was timely for Ghana since President Akufo-Addo has vowed to uproot corruption in his tenure.

“Corruption is very central to the world’s problems and beneficial ownership is one of the surest ways to deal with this canker,” Dr Bawumia said, adding that corruption “decapitates public trust in government and may deepen economic and political woes”.

“President Nana Akufo-Addo has reiterated his commitment to fighting corruption, hence the timing of this meeting is important. Our government has already made it clear that we will be passing the Right To Information (RTI) bill, we will make sure that a Special Prosecutor’s office is set up to prosecute corruption and we will amend the Criminal Code to move corruption from a misdemeanour to a felony,” he said, adding: “The issue of beneficial ownership gained worldwide attention in the wake of the Panama Papers, which highlighted massive financial irregularities among others.”

YOU MAY ALSO LIKE :  Over 9,000 teachers fail 2023 licensure exams

Statistics from the World Economic Forum (WEF) and the World Bank (WB), according to Dr Bawumia, show that $1.25 trillion are paid in bribes and five per cent of global annual GDP, which is about $2.5trillion, are lost through corruption.

He said Oxfam International also says that poor countries lose up to $170billion yearly due to tax evasion and has concluded that a “fraction of this amount could fund health services that could save the lives of almost 150 million children”.

“It is against these staggering numbers that the London Anti-Corruption Summit was organised in May 2016 to get countries to commit to helping fight corruption in their jurisdictions. Ghana’s delegation was led by former President John Dramani Mahama and [he] actively participated in the summit and I wish to use this opportunity to acknowledge this effort,” Dr Bawumia said.

He reiterated the Akufo-Addo government’s “full commitment to provide the needed resources with the support of our development partners to ensure the full implementation of those commitments, which include beneficial ownership, contract transparency, transparency in commodity markets, preventing the facilitation of corruption, transparency in the procurement process, just to mention a few”.

Ghana, compared to her compatriots, Dr Bawumai said, “has made tremendous progress” after last year’s summit in London. “In April 2016, consultative workshops on beneficial ownership were organised for state and non-state actors and the Companies Act has been amended, Act 920, to make provisions for beneficial ownership in Ghana. Ghana EITI, in collaboration with the other critical stakeholders … developed a beneficial ownership roadmap which was submitted to the international EITI Secretariat in December 2016 as part of the deadline set for all EITI implementing countries including Ghana to submit their beneficial ownership roadmaps.”

YOU MAY ALSO LIKE :  ????? ??????? ??????? ?? ??????? ????????? ?????? ?? ???????? ???? ????? ?????

The vice president said despite the country’s tight fiscal circumstances, the new government will make resources available for the beneficial ownership regime. “Ghana’s government recognises the huge financial implications of this commitment to our already constrained fiscal space, however, we are resolved to make the needed resources available for Ghana to put in place an effective and efficient beneficial ownership regime. It must be recognised that in this process where the identities and detailed information of politically-exposed persons and their families will be made publicly accessible, the issue of security will be very key. As much as the information on politically-exposed persons is very important and critical, we must also be mindful that we don’t compromise the security of these people to the extent that they could become easy targets for criminal activities”.

Source: Ghana/AccraFM.com

Share this:

  • Facebook
  • Twitter
Previous Post

Pregnant Beyoncé expecting twins with Jay Z

Next Post

GHS7bn saga: Minority’s claims ‘pathetic’ – Majority

Attah Dabone

Attah Dabone

Next Post
GHS7bn saga: Minority’s claims ‘pathetic’ – Majority

GHS7bn saga: Minority’s claims ‘pathetic’ – Majority

READ - FROM OTHER CATEGORIES

SUGGESTED - FOR YOU

  • All
  • Politics
  • Voice Business
  • Voice Entertainment
  • Health
  • Technology
Afriyie Barnieh joins Swiss side FC Aarau

Afriyie Barnieh joins Swiss side FC Aarau

July 8, 2025
Mahama orders GoldBod taskforce to use body cameras to enhance transparency

Mahama orders GoldBod taskforce to use body cameras to enhance transparency

July 8, 2025
Storm-ravaged school in Talensi District transformed by Seidu Agongo

Storm-ravaged school in Talensi District transformed by Seidu Agongo

July 8, 2025
Mahama promises 10% seized gold as reward for whistleblowers

Mahama promises 10% seized gold as reward for whistleblowers

July 8, 2025
C/R: Two (2) perish in a gory accident on the Mankessim-Accra highway

C/R: Two (2) perish in a gory accident on the Mankessim-Accra highway

June 21, 2025

EDITOR'S PICKS

Poor Service of Delta Airlines made me miss my Detroit tour – Sarkodie

Poor Service of Delta Airlines made me miss my Detroit tour – Sarkodie

by Attah Dabone
September 11, 2023
0

Ghanaian rapper and songwriter, Sarkodie said he missed his event in Detroit due to Delta

Plot to remove IGP: Dampare to appear before committee on September 12

Plot to remove IGP: Dampare to appear before committee on September 12

by Attah Dabone
September 11, 2023
0

Chairman of the ad-hoc committee probing the leaked plot to remove IGP, Samuel Atta Akyea has

Tema Motorway bridge closes for repair works

Tema Motorway bridge closes for repair works

by Attah Dabone
September 7, 2023
0

The Tema Motorway Bridge that connects Community 18 to Borteyman will be closed to traffic from Sunday,

Wenchi: GES probes teacher for allegedly forcing pupils to swear by deity over stolen phone

Wenchi: GES probes teacher for allegedly forcing pupils to swear by deity over stolen phone

by Attah Dabone
September 7, 2023
0

The Wenchi Municipal Directorate of the Ghana Education Service (GES) in the Bono Region has

Car stolen from a driveway in Canada found in Ghana

Car stolen from a driveway in Canada found in Ghana

by Attah Dabone
September 7, 2023
0

In an astonishing turn of events, a car stolen from a Toronto driveway in Canada

Be transparent in limited voter registration exercise – Mahama tells EC

by Attah Dabone
September 6, 2023
0

Former President John Dramani Mahama has asked the Electoral Commission (EC) to be fair in

NPP flagbearer race: Ghanaians react to Alan’s withdrawal

by Attah Dabone
September 6, 2023
0

Former Trade Minister, Alan Kwadwo Kyerematen’s withdrawal from New Patriotic Party’s (NPP) presidential race has sparked reactions

VOICE NEWS - ARCHIVE

Latest News Trending

Afriyie Barnieh joins Swiss side FC Aarau

Afriyie Barnieh joins Swiss side FC Aarau

by Attah Dabone
July 8, 2025
0

Mahama orders GoldBod taskforce to use body cameras to enhance transparency

Mahama orders GoldBod taskforce to use body cameras to enhance transparency

by Attah Dabone
July 8, 2025
0

Storm-ravaged school in Talensi District transformed by Seidu Agongo

Storm-ravaged school in Talensi District transformed by Seidu Agongo

by Attah Dabone
July 8, 2025
0

Featured News

Afriyie Barnieh joins Swiss side FC Aarau

Mahama orders GoldBod taskforce to use body cameras to enhance transparency

Storm-ravaged school in Talensi District transformed by Seidu Agongo

Mahama promises 10% seized gold as reward for whistleblowers

C/R: Two (2) perish in a gory accident on the Mankessim-Accra highway

Suspect arrested in connection with robbery at Offinso Abofour

Hannah Bissiw, Atiwa West DCE lead operation to arrest 10 illegal miners

  • Home
  • LIVE Radio

Voice FM Online © Copyright 2016, All Rights Reserved.

No Result
View All Result
  • Home
  • LIVE Radio

Voice FM Online © Copyright 2016, All Rights Reserved.