The Economic and Organized Crime Office (EOCO) in Ghana has announced a strategy to initiate a lifestyle audits targeting celebrities and individuals suspected of possessing unexplained wealth.
This initiative prompts a commitment to ensuring that individuals’ wealth lines up with their known sources of income, nurturing a culture of financial accountability and responsibility.
This comes in the wake of Hajia4real’s guilty plea over Romance Scam which has been an eye opening experience for the public, thus the initiative.
Head of Administration and Investigations at EOCO, Edward Cudjoe in an interview disclosed that processes were underway to initiate lifestyle audits for individuals with unexplained wealth.
He emphasized EOCO’s desire to deviate from the current law, which requires a person to be a subject of investigations before being questioned about the source of their wealth.
“We are leading the charge by ourselves, making certain proposals for the amendment of the law to align with international standards. This ensures that any gaps in your financial profile are substantiated by your earnings.
Any disparities must be clarified to law enforcement, and the burden of proof rests on the individual to explain the origin of those resources,” he said.
EOCO’s decision to launch lifestyle audits targeting celebrities and individuals with suspected unexplained wealth marks a significant milestone towards promoting financial transparency and accountability by addressing potential financial irregularities, the initiative aims to foster a culture of responsible financial behavior among high-profile figures and the population at large.
