Ghanaian music icon Kwame Nsiah-Apau known popularly as Okyeame Kwame expressed support for the recent announcement by the Economic and Organized Crime Office (EOCO) to conduct lifestyle audits on celebrities and individuals suspected of possessing unexplained wealth.
In a recent statement, Okyeame Kwame asserted, “I think it’s a good thing because, just as I said in our conversation in December, Ghana needs cleansing. We need to cleanse ourselves off the corruption that has taken hold. If EOCO plans to do some cleansing, I think they should have started yesterday, and I like it.”
The Economic and Organized Crime Office (EOCO) in Ghana has unveiled plans to conduct lifestyle audits, marking a groundbreaking step to ensure individuals’ wealth aligns with their declared sources of income.
The initiative aims to instil a culture of financial accountability and responsibility in the country.
Edward Cudjoe, Head of Administration and Investigations at EOCO, revealed that processes were underway to initiate lifestyle audits for individuals with unexplained wealth.
He emphasised the organisation’s commitment to proposing amendments to current laws to align with international standards, requiring individuals to substantiate any gaps in their financial profile with legitimate earnings.
Cudjoe explained, “We are leading the charge by ourselves, making certain proposals for the amendment of the law to align with international standards. Any discrepancies must be clarified to law enforcement, and the burden of proof rests on the individual to explain the origin of those resources.”
The decision by EOCO to launch lifestyle audits, specifically targeting celebrities and those with suspected unexplained wealth, marks a significant stride toward promoting financial transparency and accountability.
The initiative aims to foster a culture of responsible financial behavior not only among high-profile figures but also within the broader population.