@Article{crph436,
AUTHOR = {Osman, Aminu and Salifu, Mubarik},
TITLE = {Effects of Illicit Financial Flows on Economic Growth and Development in Sub-Saharan Africa},
JOURNAL = {Current Research in Public Health},
VOLUME = {2},
YEAR = {2022},
NUMBER = {1},
PAGES = {31-41},
URL = {https://www.scipublications.com/journal/index.php/UJFE/article/view/436},
ISSN = {2831-5162},
DOI = {10.31586/ujfe.2022.436},
ABSTRACT = {Using a desktop review of literature, the effect of illegal capital flows on the economic performance of Sub-Saharan Africa is examined. The review focus on articles with attention to illegal capital flows and their effects on the economic performance of Sub-Saharan Africa as a whole. By way of sampling method, purposive sampling was used, and so the desktop review focused purposively on articles published on issues of illicit financial flows and their effects on the economic performance of Ghana and Sub-Saharan Africa as a whole. The review found a high propensity of trade mis-invoicing and thus high illicit financial flows, transactions across boarders from developing countries and for that matter Sub-Saharan Africa to the developed economies. Therefore, the research recommends that customs divisions in sub-Saharan Africa should have up-to-date commodity-level world pricing information to make relatively better comparisons to detect mis-pricing and avoid such falsification and manipulation in trade. Given the high propensity of trade mis-invoicing resulting in high illicit financial flows, we recommend that cross-border transactions from developing sub-Saharan African countries be subjected to heightened scrutiny to curtail any potential traces of falsification in trade for tax evasion.},
}

%0 Journal Article
%A Osman, Aminu
%A Salifu, Mubarik
%D 2022
%J Current Research in Public Health

%@ 2831-5162
%V 2
%N 1
%P 31-41

%T Effects of Illicit Financial Flows on Economic Growth and Development in Sub-Saharan Africa
%M doi:10.31586/ujfe.2022.436
%U https://www.scipublications.com/journal/index.php/UJFE/article/view/436

TY  - JOUR
AU  - Osman, Aminu
AU  - Salifu, Mubarik
TI  - Effects of Illicit Financial Flows on Economic Growth and Development in Sub-Saharan Africa
T2  - Current Research in Public Health
PY  - 2022
VL  - 2
IS  - 1
SN  - 2831-5162
SP  - 31
EP  - 41
UR  - https://www.scipublications.com/journal/index.php/UJFE/article/view/436
AB  - Using a desktop review of literature, the effect of illegal capital flows on the economic performance of Sub-Saharan Africa is examined. The review focus on articles with attention to illegal capital flows and their effects on the economic performance of Sub-Saharan Africa as a whole. By way of sampling method, purposive sampling was used, and so the desktop review focused purposively on articles published on issues of illicit financial flows and their effects on the economic performance of Ghana and Sub-Saharan Africa as a whole. The review found a high propensity of trade mis-invoicing and thus high illicit financial flows, transactions across boarders from developing countries and for that matter Sub-Saharan Africa to the developed economies. Therefore, the research recommends that customs divisions in sub-Saharan Africa should have up-to-date commodity-level world pricing information to make relatively better comparisons to detect mis-pricing and avoid such falsification and manipulation in trade. Given the high propensity of trade mis-invoicing resulting in high illicit financial flows, we recommend that cross-border transactions from developing sub-Saharan African countries be subjected to heightened scrutiny to curtail any potential traces of falsification in trade for tax evasion.
DO  - Effects of Illicit Financial Flows on Economic Growth and Development in Sub-Saharan Africa
TI  - 10.31586/ujfe.2022.436
ER  -