Ghana major destination for stolen cars – Report

Ghana and two other countries serve as the most popular destinations for stolen cars, a new report by the Organisation for Economic Cooperation and Development (OECD) has revealed.
In addition, Ghana is associated with trafficking in three major drugs and oil theft.
According to the report, “although it is not possible to fully identify the scale of the flow of the counterfeits, anecdotal evidence suggests it is rising. These practices are not unique to West Africa; the discovery of a large trafficking ring revealed that the most popular destinations for vehicles are Ghana, Gambia and Nigeria.”
This OECD (2018) report is titled, “Illicit Financial Flows: The Economy of Illicit Trade in West Africa” and published under the responsibility of the Secretary-General of OECD.
The magnitude of the stolen cars business in Ghana, Gambia and Nigeria appears to be influencing the arrival of cars in other countries.
“For example, the rate of Benin’s imports of second-hand cars rose from 200,000 vehicles per year in 2010 to 314,000 in 2014. Around 80-90% of these vehicles go to Nigeria; it is likely that that number of transactions are illegal; and that Benin and Togo compete to smuggle vehicles into Nigeria,” authors of the OECD referenced INTERPOL.
According to the report, Asia and Europe are also implicated.
“Cars are stolen from markets in Europe, most notably those with ease port access, although some vehicles are stolen from landlocked states. In an impressive display of logistical capacity, a car stolen in Europe can take less than 24 hours to arrive in West Africa for resale.”

Oil theft
The report also links Ghana to oil stolen from neighbouring Nigeria. According to the report, the International Energy Agency (IEA) estimated in a 2014 report that oil theft in Nigeria amounted to 150,000 b/d; this would comprise a loss of over $5 billion per year — a sum that would fund access to electricity for all Nigerians by 2030.

“The more professional bunkering operations are highly armed and linked to foreigners. These include Moroccans, Venezuelans, Lebanese, Chinese and Russians, who own ships that load crude oil and deliver it for refining to Ghana, Cameroon and Cote d’Ivoire before transferring it to other markets.”

Drugs
On drugs, the OECD reports that since 2011, West Africa has become a prominent region for methamphetamine manufacturing. In that year alone, five methamphetamine labs were discovered and dismantled in Nigeria.

Source: Adomonline.com

Show More

19 Comments

  1. Hello There. I discovered your blog using msn. This is an extremely smartly written article.
    I’ll make sure to bookmark it and come back to read more of your useful information. Thanks for
    the post. I will definitely comeback.

  2. Undeniably consider that which you said. Your favourite
    justification appeared to be on the web the easiest factor to understand of.
    I say to you, I definitely get annoyed while people consider issues that they just don’t understand about.
    You controlled to hit the nail upon the top and defined
    out the whole thing without having side-effects , people can take a signal.
    Will likely be again to get more. Thank you

  3. Hey I am so thrilled I found your site, I really found you by
    mistake, while I was browsing on Google for something else,
    Anyways I am here now and would just like to say many thanks for a
    marvelous post and a all round thrilling blog (I also love the theme/design), I don’t have time to look over it all at the minute
    but I have saved it and also added in your RSS feeds, so when I have time I will
    be back to read a lot more, Please do keep up the great b.

  4. An impressive share! I have just forwarded this onto a
    coworker who has been doing a little homework on this.
    And he actually bought me dinner simply because I found it
    for him… lol. So let me reword this…. Thanks for the
    meal!! But yeah, thanks for spending the time to discuss this subject here on your web
    page.

  5. I blog quite often and I truly appreciate
    your content. This article has truly peaked my interest.
    I will bookmark your blog and keep checking for new
    details about once a week. I opted in for your Feed as
    well.

  6. I am really enjoying the theme/design of your site.
    Do you ever run into any internet browser compatibility issues?
    A small number of my blog audience have complained about my site not
    operating correctly in Explorer but looks great in Firefox.
    Do you have any tips to help fix this issue?

  7. What i do not understood is actually how you’re now not actually a lot more neatly-favored than you might be right now.
    You are very intelligent. You understand therefore considerably in relation to this topic, made me individually believe it from numerous
    varied angles. Its like women and men don’t seem to be involved except it is something to
    do with Girl gaga! Your own stuffs excellent.
    At all times maintain it up!

  8. Pingback: casino

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button