Ghana's Economic and Organized Crime Office (EOCO) has revealed its intention to conduct lifestyle audits on celebrities and individuals who may have wealth that cannot be explained by their income sources. This is a bold move to ensure that people's financial status matches their declared earnings, and to promote a sense of financial honesty and responsibility.
The announcement of the lifestyle audits follows the confession of a Ghanaian social media star and musician, Mona Montrage, also known as Hajia4reall, who was involved in a $2 million romance scam.
Edward Cudjoe, the Head of Administration and Investigations at EOCO, told JOY NEWS that they were working on starting the lifestyle audits for people with unexplained wealth. He said that EOCO wanted to change the current law, which only allows them to ask about the source of wealth after an investigation. He said, "We are taking the initiative ourselves, and proposing to amend the law to meet international standards. This will make sure that any gaps in your financial profile are backed up by your income. Any differences must be explained to law enforcement, and the individual has to prove where the money came from."
By launching lifestyle audits on celebrities and individuals with suspected unexplained wealth, EOCO is taking a significant step to improve financial transparency and accountability. The initiative aims to prevent and detect possible financial crimes, and to encourage a culture of financial discipline among influential figures and the general public.
Recommended: WhatsApp's Privacy Upgrade: Shielding Profile Pictures from Unwanted Screenshots
Visa-Free Travel Between Ghana and the Bahamas
Graduate Unemployment Crisis: A Paradigm Shift in Unemployment in Ghana - GSS