Parliament will act to stop flaunting of ill-gotten wealth – Bagbin

Speaker of Parliament Alban Bagbin has revealed that Parliament is working on drafting legislation to enable lifestyle audits for individuals suspected of having unexplained wealth.

This move is part of a broader effort to strengthen Ghana’s fight against corruption.

The proposed law will empower institutions such as the Economic and Organised Crime Office (EOCO) and the Office of the Special Prosecutor (OSP) to investigate public servants, politically exposed persons, and private citizens whose lifestyles appear inconsistent with their declared income sources.

Bagbin noted that this issue is gaining attention from senior officials and civil society groups alike. He said, “I am currently receiving extensive input to initiate legislation on lifestyle audits. It’s no surprise that this issue is gaining prominence in the speeches of senior officials and civil society organisations. I’m encouraged that the Vice President and the Office of the Special Prosecutor have also begun discussing it.”

The Speaker expressed confidence that once the law is passed, it will help stop individuals from showing off wealth obtained through illegal means.

He made these remarks during a strategic meeting with Ghana’s Key Accountability Institutions on June 9, 2025.

This initiative signals a strong commitment by Ghana’s leadership to promote transparency and accountability, ensuring that those who accumulate wealth unjustly are held responsible.