- Thirty-two percent of companies analyzed in Ghana’s fisheries sector were either owned or controlled by politically exposed persons (PEPs), with over 80 percent showing connections to Chinese ownership interests.
- Twenty-five (25) companies analyzed showed that no director and shareholder had filed their PEP status as required by law.
- The Registrar General of Companies in Ghana had not prosecuted a single case of PEPs’ non-disclosure of status or beneficial ownership, despite promises of legal action made years earlier.
- The Fisheries Commission of Ghana and the Ministry of Fisheries and Aquaculture lacked processes to enforce PEP regulations set by the Bank of Ghana and the country’s beneficial ownership regulations.
- Over 80 percent of companies licensed to operate fishing vessels in Ghana failed to declare beneficiary ownership, despite evidence of foreign ownership ties.
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