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Kofi Anku
Pokuase Heights | Ayi Mensah Park
Kofi Anku is a prominent real estate developer and entrepreneur based in Ghana. He is a shareholder and board member of Ayi Mensah Park, a vibrant community of 218 residences located at the foot of the Aburi Hills, about 20 minutes from Kotoka Airport in Ghana.12
Born in Ohio, USA, Anku relocated to Ghana in 2005, drawn by family ties, business opportunities, and the pace of life.1 His professional achievements include:
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Real Estate Development:
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Agriculture:
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Construction:
- Executive at Africa Building Partners (ABP), involved in healthcare infrastructure projects1
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Board Memberships:
Anku is committed to promoting affordable housing and home ownership in Ghana, believing that real estate is crucial for wealth creation and building strong families.1 He has been recognized for his contributions, including being named the July 2020 SIA-Africa Person of the Month.1
Kofi Anku graduated from Columbia University in 2001 and currently resides in Accra with his wife, Maame, and their three sons.2
Highlights
Cyril AWERE speaks with Abdul Rashid on the contributions that the African Diaspora can bring to build African Agriculture.
https://lnkd.in/dzVcQHVk
Gold smuggling out of Africa, mainly to the United Arab Emirates (UAE), has surged over the last decade, with hundreds of tonnes of gold worth tens of billions of dollars illegally leaving the continent every year.
Analysis by Swissaid, an organisation that focuses on development aid and advocacy, found that a total of 435 tonnes of gold, mostly mined by small-scale miners and worth more than US$30 billion, was smuggled out of Africa in 2022.
Swissaid said the UAE was the main destination for Africa’s smuggled gold and took in 405 tonnes in 2022.
Over the previous decade, UAE accepted more than 2,500 tonnes of smuggled gold with a total value of over US$115 billion, the organisation said.
The scale of the flow underscores how small scale, or artisanal, mining has mushroomed into an industry involving millions of people producing volumes of gold on a par with or even bigger than industrial mining.
In 2019, a Reuters investigation found that billions of dollars’ worth of gold was being smuggled out of Africa every year through the UAE, which served a gateway to markets in Europe, the United States and beyond.
Aside from the loss in tax revenues, experts and governments have warned that smuggling on this scale indicates a vast parallel illicit economy vulnerable to potential money laundering, terrorist finance and sanctions evasion.
“If we keep on seeing more than 400 tonnes of illegal gold entering the UAE every year, this is a clear sign that the implementation of the regulations in the UAE is seriously lacking"
For its analysis, Swissaid compared total gold exports from all African countries with gold imports into non-African countries. The organisation filled gaps in UN Comtrade data with individual country statistics and identified errors by comparing the data with figures reported by trade associations and speaking with governments and refineries.
These discrepancies between declared exports and declared imports do not exist for Switzerland and India, the other two major gold-importing countries for African gold.
The Swissaid report found that there were 12 countries in Africa involved in smuggling 20 tonnes or more per year.
The UAE Ministry of Economy told SwissAid the country “cannot be held accountable for other government’s export records.”
Last year, the UAE suspended the accreditation of Emirates Gold DMCC, one of the country’s biggest gold refineries, over concerns that its owners had ties to alleged money launderers.
The bulk of Africa’s illegally mined gold is channeled to Dubai through refineries in countries like Uganda and Rwanda, sometimes via private jet, or is flown there directly in hand luggage, often with false papers, according to the report.
The emirate is home to at least 20 gold refineries and more than 7,000 traders in precious metals and stones. Smuggled gold is also sent to India and Switzerland, the report said
