Economic Impact of Corruption in Africa

in Business Risk, Transnational Crime

The effects of corruption causes up to $148 Billion being lost in Africa each year, according to the Deputy Chief of Mission at the US Embassy in Ghana.

The amount lost is around 25 percent of the region’s entire GDP.

Within that amount, between $20 to $40 Billion is lost due to the payment of bribes to government officials.

:  “25 percent of Africa’s GDP Lost To Corruption,” Organized Crime and Corruption Reporting Project, March 13, 2012.

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