Trade Misinvoicing Costs Ghana $3.86bn

Tom Cardamone, Managing Director of Global Financial Integrity (GFI) Government lost revenue of $3.86 billion between 2002 and 2011, representing an average of $368 million a year, due to trade misinvoicing. A report released by Global Financial Integrity (GFI), a Washington DC-based research and advocacy organization, said Ghana’s tax loss amounted to about 11 percent […]