Magnitudes and Drivers of Capital Flight from Cameroon, Ghana, and Zambia

Léonce Ndikumana ()
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Léonce Ndikumana: University of Massachusetts Amherst, Department of Economics and Political Economy Research Institute (PERI)

Chapter 2 in Capital Flight from Cameroon, Ghana, and Zambia, 2026, pp 17-37 from Springer

Abstract: Abstract This chapter is part of a project that investigates domestic and global drivers and enablers of capital flight from Cameroon, Ghana, and Zambia, three countries that are significantly endowed in natural resources. It presents estimates of capital flight from these three countries and resents an overview of the key drivers of the phenomenon. The results show that as of 2022, total capital flight stood at $97.7 billion for Cameroon, $85.7 billion for Ghana, and $79.6 billion for Zambia. External borrowing and, in the cases of Zambia and Cameroon, trade misinvoicing, are key channels of capital flight. This study contributes to efforts to uncover the mechanisms and enablers of capital flight from Africa, with the aim of shedding light on possible strategies to curb further capital outflows in the context of efforts to scale up and diversify development financing to support recovery from global crises, and the transition to green growth, and boost sustainable development in Africa.

Date: 2026
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-032-22770-6_2

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DOI: 10.1007/978-3-032-22770-6_2

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