Member of Parliament for Ningo Prampram, Sam Nartey George, has expressed deep concerns about the legitimacy of certain real estate businesses operating in the country.

The lawmaker raised alarm over how the real estate sector has turned into a safe haven for individuals to launder money obtained through illicit means and activities.

During an appearance on the July 22nd edition of Joy News' File, Sam George lamented the inflated pricing of real estate properties and high-rise buildings, which are often sold at exorbitant prices.

He suggested that those involved in money laundering schemes within the real estate sector frequently use these properties as a means to effectively 'clean' illicit funds by exchanging ownership among themselves.

“Real estate business in Ghana is money laundering. If our authorities want to deal with it, they will deal with it,” Sam George lamented.

He explained that “the cost of real estate in Ghana is not justifiable by any stretch. You keep seeing all these new high-rise buildings going up and they are selling them for half a million, a million dollars and they keep buying and buying amongst themselves."

"…I have dirty money to clean, I put up a real estate property, you have dirty money you come and buy the property from me and then automatically your money becomes clean, then tomorrow you also start building your own then I come back and buy and we are just cleaning the money,” Sam George added.

The Ningo Prampram MP went on to say that the money made from these unlawful acts is then utilized to support political campaigns and other things.

His comments follow a recent newspaper article from The Chronicle that described how Cecilia Abena Dapaah, a former minister of sanitation, kept enormous amounts of foreign currency in her residence, which were later taken by her two maids.