The Constitution of Ghana does not specifically address the issue of keeping huge amounts of money at home.
However, it is essential to note that constitutions primarily focus on establishing the fundamental principles, structure, and functioning of the government and may not cover every aspect of individual behavior.
Instead of the constitution, laws, and regulations enacted by the Ghanaian government, as well as financial and banking institutions, would govern issues related to money, including regulations on the storage and handling of large sums of money.
In many countries, including Ghana, there are laws and regulations related to money laundering, tax evasion, and financial reporting that may be relevant to the storage and handling of significant amounts of money. Keeping large sums of money at home could attract attention from authorities and may not be recommended due to security concerns and potential legal implications.
There are a few important points to consider:
Money laundering laws: Most countries, including Ghana, have laws to prevent money laundering.
If the source of the money is suspicious or it is suspected to be proceeds from illegal activities, keeping a significant amount of money at home could be considered a violation of money laundering laws.
Tax laws: Not declaring large sums of money or income earned could be a violation of tax laws. In Ghana, individuals and businesses are required to report their income and pay appropriate taxes.
Security concerns: Keeping substantial amounts of cash at home can pose significant security risks, such as theft or loss due to accidents like fire or flooding.
Cecilia Abena Dapaah could face 3 criminal charges for keeping huge money home.
Details of the charges 👇🏾👇🏾
Cecilia Dapaah | Sammy Gyamfi | Sofyan Amrabat pic.twitter.com/TgVvlpi1wh
— Awudi.Journalist (@ishmade) July 21, 2023
Background
Read more: https://3news.com/minority-leader-urges-cecilia-dapaah-to-step-aside-for-probe-into-1m-e300k-cash/
