Government of Ghana owes Akpaloo GH¢3.5 million for work done – LPG

The General Secretary of the Liberal Party of Ghana (LPG), Jerry Owusu Apaw, has denied reports that the bail conditions for the party’s founder, Kofi Akpaloo, have been reduced from GH₵10 million to GH₵3.5 million.

Apaw has urged the public to disregard these reports.

During an interview on Nyankonton Mu Nsem on Rainbow Radio 87.5FM, Apaw clarified that the GH₵3.5 million figure being reported is not a reduced bail amount but rather a debt owed to Akpaloo by the Government of Ghana for services rendered.

The Secretary was responding to inquiries about the status of Akpaloo, who is currently in the custody of the Economic and Organised Crime Office (EOCO) and under investigation for various financial crimes, including alleged money laundering, fraud, and misappropriation of public funds.

​Internal Business Dispute Cited

​Apaw also revealed that the legal issues stem from a business dispute between Akpaloo and a former associate.

According to Apaw, the associate was tasked with collecting payments for Mr. Akpaloo’s work but would allegedly keep half of the funds, leading to a rift between the two.

The associate reportedly later advised Akpaloo to collect his payments directly from the government.

​Apaw confirmed that the bail conditions have been submitted for review by the authorities and that Akpaloo’s release is anticipated once the conditions are approved.

“The media reports of a reduced bail condition are inaccurate. The GH₵3.5 million figure is not a reduced bail amount, but rather a debt owed to Mr. Akpaloo by the government. We have submitted his bail conditions to the authorities, who are currently reviewing them.

"We anticipate his release will follow shortly. As of now, he is still being questioned, and we are awaiting a statement from his lawyer to provide an update on the situation.”

He reiterated that the reported reduction in the bail amount is inaccurate and that the legal matter is still pending resolution in court.

“EOCO invited Akpaloo in relation to a transaction with his business associate. The allegation of money laundering is incorrect.

"Akpaloo had tasked the associate with collecting payments for work he had done. However, the associate allegedly kept half of the funds, which led to a rift between them. The associate later advised him to collect the payments directly from the government. The issue between Akpaloo and his associate is currently before the court.”