Restrictive (Selective) 4.69% Tender National Competitive 28.72% Tender Source: National Procurement Authority, 2011 3.11 8.14% n.a 32.21% n.a Anti-Money Laundering As part of efforts to fight against money laundering and financing of terrorism the following legislative acts have been passed: • The Anti-Money Laundering Act, 2008 (Act 749) • The Anti-Terrorism Act, 2008 (Act 762) To give effect to these laws the Anti-Money Laundering Regulations, 2011 (L.I.1987) has been passed. As part of efforts to strengthen • The Bank of Ghana (BoG) and the Financial Intelligence Centre (FIC) have developed a new guideline on anti-money laundering – “The Anti-Money Laundering/Combating the Financing of Terrorism Guideline” • The Bank of Ghana has directed all financial institutions (including banks and non-banks) in the country to appoint anti-money laundering reporting officers in accordance with Regulation 5(1) of L.I.1987 OBJECTIVE 4: ACCELERATE AND DEEPEN REGIONAL INTEGRATION IN THE MONETARY, TRADE AND INVESTMENT DOMAIN The harnessing and strengthening of inter-country economic complementarities is recognized as one of the pillars of economic growth. Therefore it is important that Sixth Annual APRM Progress Report: January – December 2011 59