Parliament to draft lifestyle audit law to tackle unexplained wealth — Bagbin

Speaker of Parliament, Alban Bagbin, has announced that Parliament will soon begin drafting legislation to support lifestyle audits for individuals suspected of acquiring unexplained wealth.

According to the Speaker, the proposed law is part of broader efforts to strengthen the fight against corruption in the country.

The legislation, once passed, will empower state institutions to investigate the lifestyles of public officials, politically exposed persons, and private individuals whose standard of living appears inconsistent with their declared sources of income.

“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,” he said.

“We will legislate it and put an end to individuals flaunting ill-gotten wealth in the faces of ordinary Ghanaians,” Speaker Bagbin added.