The Ghana Integrity Initiative (GII), the local chapter of Transparency International, has urged President J.A. Kufuor to set up a task force, as a matter of urgency, to trace, recover and repatriate public funds allegedly looted and stashed in foreign banks, reports the Free Press.

The call follows recent media reports alleging that former government officials have stashed illegally acquired wealth in foreign banks in Africa, Europe, the Americas and South East Asia.

In a release signed by the Executive Secretary, Mr Yaw Asamoah, the GII suggested that the task force, when instituted, should not limit its investigations to the previous government but to all governments since independence.

The call, according to GII, is in accordance with a declaration by participants in Nyanga, Zimbabwe in March, this year. The Nyanga Declaration called for an international campaign for the recovery of Africa's stolen wealth stashed abroad.