Core Insights - The IMF report highlights severe systemic corruption issues within Ghana's public procurement system [1] - Companies often need to pay substantial "extra payments" to secure government contracts, fostering a shadow economy around public spending [1] - Over the past 20 years, approximately $358 million in judgment debts have arisen due to this corruption [1] Corruption and Accountability - The ruling party and its affiliates manipulate state institutions for rent-seeking purposes, leading to scandals involving misappropriation of public funds in various sectors, including youth employment agencies and education funds [1] - There is a notable lack of accountability in prosecuting corruption cases involving political figures, which undermines the credibility of the country's anti-corruption mechanisms [1] Sector-Specific Risks - The natural resources sector, particularly oil, mining, and cocoa industries, faces significant revenue loss risks due to weak regulatory frameworks [1]