We expected cedi to trade at GH¢8 per $1 after heavy BoG interventions - Minority

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KB 2 months ago

You're not even ashamed of yourselves.

You're not even ashamed of yourselves.
LISTEN TO ANOTHER IGNORANT FOOL. YOU DONT EVEN QUALIFY TO BE AN ASSEMBLYMAN 2 months ago

How do you call 10 months stability temporal. You were in power for 8 years and you best performance was closing down people's businesses..

Shut up and go back to school

How do you call 10 months stability temporal. You were in power for 8 years and you best performance was closing down people's businesses..

Shut up and go back to school
NAYANKA 2 months ago

FOOLISH COW...!!!! YOU WERE SECRETLY PRINTING BILLIONS OF ILLICIT CEDIS IN THE BUNKERS AT THE BANK OF GHANA. YOU WERE SECRETLY SMUGGLING GOLD OUTSIDE THE COUNTRY & POCKETING THE PROCEEDS IN ANTICIPATION OF YOUR EVIL CAMPAIGNS ...
read full comment

FOOLISH COW...!!!! YOU WERE SECRETLY PRINTING BILLIONS OF ILLICIT CEDIS IN THE BUNKERS AT THE BANK OF GHANA. YOU WERE SECRETLY SMUGGLING GOLD OUTSIDE THE COUNTRY & POCKETING THE PROCEEDS IN ANTICIPATION OF YOUR EVIL CAMPAIGNS. IT WAS GOD THE ALMIGHTY WHO SAW ALL THE ATROCIOUS THINGS AGAINST THE PEOPLE OF GHANA AND DECIDED TO INTERVENE FOR HIS PEOPLE. YOU DIRTU CRIMINALS WILL NEVER GET THE CHANCE TO BE IN GOVERNMENT FOR THE NEXT 40 YEARS. YOU WILL SEE THIS PREDICTION UNFOLDING WITH YOUR OWN EYES BEFORE YOU WILL DIE OFF THIS EARTH. MAKE SURE..!!!!
NAYANKA 2 months ago

FOOLISH COW...!!!! YOU CRIMINALS WERE SECRETLY PRINTING BILLIONS OF ILLICIT CEDIS IN THE BUNKERS AT THE BANK OF GHANA. YOU WERE ALSO SECRETLY SMUGGLING GOLD OUTSIDE THE COUNTRY & POCKETING THE PROCEEDS IN ANTICIPATION OF YOUR ...
read full comment

FOOLISH COW...!!!! YOU CRIMINALS WERE SECRETLY PRINTING BILLIONS OF ILLICIT CEDIS IN THE BUNKERS AT THE BANK OF GHANA. YOU WERE ALSO SECRETLY SMUGGLING GOLD OUTSIDE THE COUNTRY & POCKETING THE PROCEEDS IN ANTICIPATION OF YOUR EVIL CAMPAIGNS. IT WAS GOD THE ALMIGHTY WHO SAW ALL THE ATROCIOUS THINGS YOU WERE WICKEDLY DOING AGAINST THE PEOPLE OF GHANA AND HE DECIDED TO INTERVENE DIRECTLY FOR HIS PEOPLE. YOU DIRTY NPP CRIMINALS WILL NEVER GET THE CHANCE TO BE IN GOVERNMENT FOR THE NEXT 40 YEARS. YOU WILL SEE THIS PREDICTION UNFOLDING WITH YOUR OWN EYES BEFORE YOU DIE OFF THIS EARTH. MAKE SURE..!!!!
K. Opoku-London-UK 2 months ago

Who took Ghana to the IMF in 2022? It was Dr Messiah Bawumia and Ken Ofori Atta- cum Akuffo Addo- The NPP Economic Messiah-Dr Bawumia. Ghana has been to the IMF 18 times- Ghana has spend 40 years under the IMF conditions out ...
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Who took Ghana to the IMF in 2022? It was Dr Messiah Bawumia and Ken Ofori Atta- cum Akuffo Addo- The NPP Economic Messiah-Dr Bawumia. Ghana has been to the IMF 18 times- Ghana has spend 40 years under the IMF conditions out of its 68 years history-Ghana IS A FAILED STATE. Dr Bawumia pls aren't you embarrassed by revelations at the PAC on revelations of crime committed by the very people u and Akuffo Addo appointed to run affairs of this country? What record are u going to defend. I have lost respect for you. A muslim without intergrity.
The World Bank has pushed back against the erstwhile Akufo-Addo administration’s long-held narrative that Ghana’s 2022 economic collapse was the result of global turmoil, the COVID-19 pandemic and the Russia-Ukraine war.
Bawumia was the Chairman of the Ghana National Economic Management Committee but he says that he was the Drivers Mate. How can a driver's mate do this when he claims he never had the chance to implement anything in government because the powers that be did not allow him. Yet he wants to claim credit for any good things that he never did yet will refuse to accept responsibility for any failure in their government. How stupid does this man think we are? You took the cedi from 4 to 17 and still had the audacity to tell us the rate of depreciation at that time was better than the previous NDC administration. What at all does this man take us for? Does he think we're stupid or what? Someone should tell this man that we haven't forgotten about the DDEP haircuts and surely we shall punish the npp again come 2028.

It insisted that the economic meltdown was “homegrown”.

In its latest 2025 Policy Notes on Ghana, the Bank made clear that while the COVID-19 pandemic and Russia’s invasion of Ukraine worsened the situation, they were not the root cause.

“The deterioration of global conditions… was not the cause of the 2022 macroeconomic crisis; rather, it merely exposed an economy already beset with deep structural vulnerabilities and precarious macroeconomic conditions,” the report said.

The government has frequently blamed external shocks for the collapse, which saw inflation spiral, the cedi plummet, and the country default on its debt.

But the World Bank said years of weak governance, fiscal indiscipline, and stalled reforms were the real culprits of Ghana's "dark days".

Interbank Market: Cedi trades at GH¢12.35 to $1

The bank also argued that the easy access to international credit and expectations of resource windfalls encouraged short-term political decisions at the expense of long-term stability.

The report noted that the cycle of expansionary spending followed by painful corrections, one that has forced Ghana into 17 IMF programs over the past 68 years, is damaging.

“Sudden macroeconomic stops and crises have led the country to request a record number of IMF programs, remaining under active IMF support for 40 out of its 68 years of history,” the Bank said.

The report also noted that more than 800,000 people were pushed into poverty in the aftermath of the 2022 crisis, with per capita incomes stuck at around US$2,200 for over a decade.

Today, more than a quarter of Ghanaians live below the poverty line, it noted.

Looking ahead, the Bank also raised alarms about Ghana’s fiscal management in the 2024 election year.

It flagged unbudgeted spending commitments of roughly US$4.8 billion, equivalent to 5.7% of GDP, much of it accumulated outside official financial systems.

“Spending indiscipline poses a critical challenge…undermining efforts to maintain fiscal discipline and compromising long-term sustainability,” the report cautioned.

Also, the energy sector arrears still cost around 2% of GDP annually, while COCOBOD’s debts reached US$1.8 billion in 2024, with interventions distorting markets and hurting farmers.

The bank warned that Ghana now stands at a critical crossroads, and temporary fixes will not be enough.

“There is an urgent need to signal a clear break from the past and a commitment to change… Success will ultimately be measured by the ability of the government to regain the trust of its citizens.”

Its recommendations are focused on restoring fiscal discipline, broadening the tax base, reforming state-owned enterprises, and enhancing governance.

Without decisive reforms, the World Bank cautions, Ghana risks remaining trapped in its cycle of crisis and bailouts for decades to come.

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4327
K. Opoku-London-UK 2 months ago

Eugene Arhin===IT WAS THE NPP POLICY OF BORROW AND STEAL AND STEAL- 52 AKUFFO ADDO FAMILY MEMBERS IN HIS GOVERNMENT- THAT FAMILY CAME TO STEAL FOR THEIR FUTURE GENERATIONS-AKYEM ABUAKWA THIEVES
Bawumia was the Chairman of th ...
read full comment

Eugene Arhin===IT WAS THE NPP POLICY OF BORROW AND STEAL AND STEAL- 52 AKUFFO ADDO FAMILY MEMBERS IN HIS GOVERNMENT- THAT FAMILY CAME TO STEAL FOR THEIR FUTURE GENERATIONS-AKYEM ABUAKWA THIEVES
Bawumia was the Chairman of the Ghana National Economic Management Committee but he says that he was the Drivers Mate. How can a driver's mate do this when he claims he never had the chance to implement anything in government because the powers that be did not allow him. Yet he wants to claim credit for any good things that he never did yet will refuse to accept responsibility for any failure in their government. How stupid does this man think we are? You took the cedi from 4 to 17 and still had the audacity to tell us the rate of depreciation at that time was better than the previous NDC administration. What at all does this man take us for? Does he think we're stupid or what? Someone should tell this man that we haven't forgotten about the DDEP haircuts and surely we shall punish the npp again come 2028.
Eugene Arhin was the Director of Communications at the Presidency under Nana Akufo-Addo for the 8 years he was in office.

In 2021, a divorce case with his wife made it into the public, where his wife was demanding for certain reliefs in the separation process.

As part of the things she listed, she made mention of some of the properties owned by Eugene Arhin and these revelations, in the eyes of the public, generated a lot of conversations.

For many, did the Director of Communications at the Presidency, Eugene Arhin, amass all that in a space of four years, or during his time in public office?

Gloria Assan Arhin, his wife at the time, prayed the Accra High Court to grant her divorce request and also give her a number of properties, including a five-bedroom residential property (which was intended to be the matrimonial home of the parties) situated on a two-plot of land lying at East Legon in Accra; a four-storey building comprising 16 separate flats/apartments situated on a parcel of land at Bubiashie in Accra which land was acquired from a family friend of the petitioner.

She also asked for a storey building being constructed which comprised of 16 separate flats/apartments situated at Tuba-Weija in Accra.

These were but just three of the over twenty properties she sought after as part of the divorce.

Kwadwo Owusu Afriyie (Sir John)

Sir John, a former General Secretary of the New Patriotic Party (NPP), became the Chief Executive Officer of the Forestry Commission of Ghana until his death.

After his death, his will became public, generating another widespread conversation among Ghanaians. It involved a tall list of 75 properties, including houses, parcels of land, bank accounts, investments, businesses, guns and clothes.

His will also raised public concerns following the discovery that he owned lands at the Achimota Forest. This was also because President Akufo-Addo had, at the time, signed an Executive Instrument that said part of the Achimota Forest was no longer a forest reserve.

Critics said the move was a ploy to get the land into the hands of the ruling elite, an accusation the government vehemently denied.

Sir John’s ownership of parcels of lands at the Achimota Forest appeared to have heightened the deep-seated mistrust of the government and its actions.

Below are the properties as listed in the will of the late Sir John:

House on plot number GA54480 located in Ogbojo, East Legon, and acquired on February 12, 2018

House on plot number GA 55329 located at Oyarifa No. 2, acquired on May 11, 2018

House plot number GA 55475 located at Oyarifa No.1, acquired on September 27, 2017

House on plot number GA 5881 located at Adjiringanor, Accra, (white House), acquired on August 7, 2019.

A 6-bedroom house located at Patangbe, Ogbojo, near East Legon.

A 4-bedroom house located in Mempeheusem, East Legon

A 3-bedroom house on plot number TDA 4140 located in Mempehuesem, East Legon

Another 3-bedroom house on plot number TDA 4140 located in Mempehuesem, East Legon

A 4-bedroom house on plot number GA56838 located in East Legon and acquired on October 25, 2018

A 5-bedroom house located in Sakora Wonoo

A 4-storey building located in East Legon, with 10 apartments, each apartment consisting of 3-bedrooms; and five apartments, each consisting of two bedrooms.

LANDS

Two plots of land located in Ahenema Kokoben in the Ashanti Region

Two plots of land with registration number GA56921 located in Oyarifa, which were acquired on November 6, 2018.

A 5.541-acre land located in Achimota Forest held in the name of Jakaypros Limited

A 0.987-acre land located in Achimota Forest held in the name of Fasoh Limited

Unspecified piece of land located in the Achimota Forest jointly owned with Charles Owusu

An unspecified piece of land held in the name of DML located in the Achimota forest

A 5.07-acre land at the Ramsar site, Sakumono

Five plots of land located at Millenium city, Kasoa

One plot of land with certificate number GA60802, located at Mempeheusem, East Legon, acquired on December 13, 2019.

Two plots of land approximately of 0.40acres located at No.7 ARS Lane, Ogbojo, near East legon

One plot of land near the Chain Homes Estate at East Airport Hills.

A piece of land numbered plot 139 located within the Adentaman District (aka Aviation land).

PRIVATE VEHICLES

Lexus LX570 25. Ford Fusion

Lexus V6

Nissan Titan Pick Up V8

Mercedes Benz E68 Sport AMG

Honda Pilot V6

Honda Accord Sport

Toyota Landcruiser V8

Ford 150

Honda Accord 2.0 Touring

Toyota Rav 4, 2019 model

Chevrolet Cruze

Lexus Saloon Car, 2019 model

GUNS

Five pump-action guns

Clothing

BANK ACCOUNTS

National Investment Bank, account no. 1802092960501

CBG, account no. 0302239130003

GT Bank- in the name of Ruth Korkor Odonkor

GT Bank-in the name of Kwadwo Owusu Afriyie

Fidelity Bank, account no. 1060032907210

ADB, in the name of Jakaypros Limited

United States Bank, Wells Fargo, in the name of Kwadwo Owusu Afriyie

Canadian Bank Account, Royal Bank, in the name of Kwadwo Owusu Afriyie INVESTMENTS

ADB: Two million cedis (2,000,000.00), expected to mature in April 2020.

Two hundred and fifty thousand Ghana cedis (GHc 250,000) with NTHC which stood at GHc 303,720.22 as at July 31, 2019.

Joint gold production investment with Francis Owusu Joint ownership in gold production investment with:

ROTL,

FASOH

MBL HOSPITAL

Afriyie Memorial Hospital, located at Sakora Wonoo OTHER BUSINESSES

A fuel Station located at Kentinkrono in the Ashanti region

Fuel tanker vehicles (10 in number)

One teak plantation located at Nkawie in the Ashanti Region

Rubber plantation located in the Eastern Region

Stalls located at the new Kejetia market, Kumasi (3 in number)

Farms at Ejura in the Ashanti Region.

Kwabena Adu-Boahene

The last person in this list of Akufo-Addo appointees whose wealth have courted public conversations is the former Director-General of the National Signals Bureau, Kwabena Adu-Boahene.

He and his wife, Angela Adjei-Boateng, were recently detained by the Attorney General’s office following his arrest at the Kotoka International Airport (KIA).

Following his detention, Attorney General Dr Dominic Akuritinga Ayine revealed at a press conference on Monday, March 24, 2025, a list of properties acquired by both suspects since 2018.

This, he said, was established through painstaking investigations by the EOCO and the AG’s office, indicating that the properties acquired were bought using embezzled state funds.

Below is a breakdown of the properties and their estimated values under the couple’s names below:

1. No. 2 stream part drive, Mayfair Estates, LA, Accra which is estimated at $1,000,000 (valued at GH¢15,000,000)

2. No. 6 Edith Avenue, Mayfair Estates, LA, Accra

3. No. 7 Edith Avenue, Mayfair Estates, LA, Accra estimated at a value of $200,000

4. No. 8 Edith Avenue, Mayfair Estates LA, Accra estimated at a value of $97,815

5. No. 9 Edith Avenue, Mayfair Estates LA, Accra also valued at $270,000

6. No. 10 Edith Avenue, Mayfair Estates LA, Accra at $150,000, Additionally, another initial cash deposit of $500,000 was made to purchase 5 houses.

7. Vertex properties at Oyarifa Gated Estate Development. This consists of 27 houses each valued at an estimated cost of $295,000 (GH¢127,000,000).

8. Two properties in London
===========er disclosed that an amount of up to GH¢39 million was allegedly diverted and embezzled by the suspects from the agency.

"GH¢39,462,480 went into Adu-Boahene and his wife's pockets from one transaction===========================================
===--==-
See full list of properties allegedly acquired by former NAFCO CEO
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Former NAFCO CEO, Abdul-Wahab Hanan is at the centre of fresh corruption related matters
The Attorney General and Minister of Justice, Dr Dominic Akuritinga Ayine, has disclosed that the former Chief Executive Officer of the National Food and Buffer Stock Company (NAFCO), Abdul-Wahab Hanan, is at the centre of a major corruption investigation involving the alleged acquisition of high-value assets with state funds.

LIVESTREAMED: Attorney General provides new updates on ORAL cases

Speaking at the Government Accountability Series in Accra on Wednesday, October 22, 2025, Dr Ayine said investigators from the Economic and Organised Crime Office (EOCO) have traced several luxury properties and suspicious bank transactions linked to Abdul-Wahab, believed to have been financed with proceeds of crime.

“Investigators from the Economic and Organised Crime Office (EOCO) have traced several properties and bank transactions linked to Abdul-Wahab, which they believe were funded through illicit means,” he said.

The former NAFCO boss was arrested with his wife on June 25, 2025, and detained by EOCO for two weeks before being granted bail in the sum of GH¢60 million with two sureties.

His wife was released earlier on a GH¢30 million bail.

While the opposition New Patriotic Party (NPP) has criticised the bail conditions as excessively harsh and politically motivated, Dr Ayine maintained that the government remains committed to enforcing accountability and the rule of law.

He disclosed that assets allegedly acquired with misappropriated funds include a five-bedroom house at Chain Homes, valued at $1.625 million; a three-bedroom residence at Cantonments purchased for $600,000; plots of land at Airport Development Area worth $750,000; a 17-bedroom boutique hotel in Gumani, Tamale valued at $250,000; a four-bedroom bungalow at Dzorwulu valued at GH¢4.14 million; and a 0.32-acre parcel of government land purchased for GH¢307,200.

Dr Ayine assured that all assets proven to have been purchased with stolen funds will be confiscated in line with the law.

See the list below

MRA/AE

=========================
3215
K. Opoku-London-UK 2 months ago

Eugene Arhin===IT WAS THE NPP POLICY OF BORROW AND STEAL AND STEAL- 52 AKUFFO ADDO FAMILY MEMBERS IN HIS GOVERNMENT- THAT FAMILY CAME TO STEAL FOR THEIR FUTURE GENERATIONS-AKYEM ABUAKWA THIEVES
Bawumia was the Chairman of th ...
read full comment

Eugene Arhin===IT WAS THE NPP POLICY OF BORROW AND STEAL AND STEAL- 52 AKUFFO ADDO FAMILY MEMBERS IN HIS GOVERNMENT- THAT FAMILY CAME TO STEAL FOR THEIR FUTURE GENERATIONS-AKYEM ABUAKWA THIEVES
Bawumia was the Chairman of the Ghana National Economic Management Committee but he says that he was the Drivers Mate. How can a driver's mate do this when he claims he never had the chance to implement anything in government because the powers that be did not allow him. Yet he wants to claim credit for any good things that he never did yet will refuse to accept responsibility for any failure in their government. How stupid does this man think we are? You took the cedi from 4 to 17 and still had the audacity to tell us the rate of depreciation at that time was better than the previous NDC administration. What at all does this man take us for? Does he think we're stupid or what? Someone should tell this man that we haven't forgotten about the DDEP haircuts and surely we shall punish the npp again come 2028.
Eugene Arhin was the Director of Communications at the Presidency under Nana Akufo-Addo for the 8 years he was in office.

In 2021, a divorce case with his wife made it into the public, where his wife was demanding for certain reliefs in the separation process.

As part of the things she listed, she made mention of some of the properties owned by Eugene Arhin and these revelations, in the eyes of the public, generated a lot of conversations.

For many, did the Director of Communications at the Presidency, Eugene Arhin, amass all that in a space of four years, or during his time in public office?

Gloria Assan Arhin, his wife at the time, prayed the Accra High Court to grant her divorce request and also give her a number of properties, including a five-bedroom residential property (which was intended to be the matrimonial home of the parties) situated on a two-plot of land lying at East Legon in Accra; a four-storey building comprising 16 separate flats/apartments situated on a parcel of land at Bubiashie in Accra which land was acquired from a family friend of the petitioner.

She also asked for a storey building being constructed which comprised of 16 separate flats/apartments situated at Tuba-Weija in Accra.

These were but just three of the over twenty properties she sought after as part of the divorce.

Kwadwo Owusu Afriyie (Sir John)

Sir John, a former General Secretary of the New Patriotic Party (NPP), became the Chief Executive Officer of the Forestry Commission of Ghana until his death.

After his death, his will became public, generating another widespread conversation among Ghanaians. It involved a tall list of 75 properties, including houses, parcels of land, bank accounts, investments, businesses, guns and clothes.

His will also raised public concerns following the discovery that he owned lands at the Achimota Forest. This was also because President Akufo-Addo had, at the time, signed an Executive Instrument that said part of the Achimota Forest was no longer a forest reserve.

Critics said the move was a ploy to get the land into the hands of the ruling elite, an accusation the government vehemently denied.

Sir John’s ownership of parcels of lands at the Achimota Forest appeared to have heightened the deep-seated mistrust of the government and its actions.

Below are the properties as listed in the will of the late Sir John:

House on plot number GA54480 located in Ogbojo, East Legon, and acquired on February 12, 2018

House on plot number GA 55329 located at Oyarifa No. 2, acquired on May 11, 2018

House plot number GA 55475 located at Oyarifa No.1, acquired on September 27, 2017

House on plot number GA 5881 located at Adjiringanor, Accra, (white House), acquired on August 7, 2019.

A 6-bedroom house located at Patangbe, Ogbojo, near East Legon.

A 4-bedroom house located in Mempeheusem, East Legon

A 3-bedroom house on plot number TDA 4140 located in Mempehuesem, East Legon

Another 3-bedroom house on plot number TDA 4140 located in Mempehuesem, East Legon

A 4-bedroom house on plot number GA56838 located in East Legon and acquired on October 25, 2018

A 5-bedroom house located in Sakora Wonoo

A 4-storey building located in East Legon, with 10 apartments, each apartment consisting of 3-bedrooms; and five apartments, each consisting of two bedrooms.

LANDS

Two plots of land located in Ahenema Kokoben in the Ashanti Region

Two plots of land with registration number GA56921 located in Oyarifa, which were acquired on November 6, 2018.

A 5.541-acre land located in Achimota Forest held in the name of Jakaypros Limited

A 0.987-acre land located in Achimota Forest held in the name of Fasoh Limited

Unspecified piece of land located in the Achimota Forest jointly owned with Charles Owusu

An unspecified piece of land held in the name of DML located in the Achimota forest

A 5.07-acre land at the Ramsar site, Sakumono

Five plots of land located at Millenium city, Kasoa

One plot of land with certificate number GA60802, located at Mempeheusem, East Legon, acquired on December 13, 2019.

Two plots of land approximately of 0.40acres located at No.7 ARS Lane, Ogbojo, near East legon

One plot of land near the Chain Homes Estate at East Airport Hills.

A piece of land numbered plot 139 located within the Adentaman District (aka Aviation land).

PRIVATE VEHICLES

Lexus LX570 25. Ford Fusion

Lexus V6

Nissan Titan Pick Up V8

Mercedes Benz E68 Sport AMG

Honda Pilot V6

Honda Accord Sport

Toyota Landcruiser V8

Ford 150

Honda Accord 2.0 Touring

Toyota Rav 4, 2019 model

Chevrolet Cruze

Lexus Saloon Car, 2019 model

GUNS

Five pump-action guns

Clothing

BANK ACCOUNTS

National Investment Bank, account no. 1802092960501

CBG, account no. 0302239130003

GT Bank- in the name of Ruth Korkor Odonkor

GT Bank-in the name of Kwadwo Owusu Afriyie

Fidelity Bank, account no. 1060032907210

ADB, in the name of Jakaypros Limited

United States Bank, Wells Fargo, in the name of Kwadwo Owusu Afriyie

Canadian Bank Account, Royal Bank, in the name of Kwadwo Owusu Afriyie INVESTMENTS

ADB: Two million cedis (2,000,000.00), expected to mature in April 2020.

Two hundred and fifty thousand Ghana cedis (GHc 250,000) with NTHC which stood at GHc 303,720.22 as at July 31, 2019.

Joint gold production investment with Francis Owusu Joint ownership in gold production investment with:

ROTL,

FASOH

MBL HOSPITAL

Afriyie Memorial Hospital, located at Sakora Wonoo OTHER BUSINESSES

A fuel Station located at Kentinkrono in the Ashanti region

Fuel tanker vehicles (10 in number)

One teak plantation located at Nkawie in the Ashanti Region

Rubber plantation located in the Eastern Region

Stalls located at the new Kejetia market, Kumasi (3 in number)

Farms at Ejura in the Ashanti Region.

Kwabena Adu-Boahene

The last person in this list of Akufo-Addo appointees whose wealth have courted public conversations is the former Director-General of the National Signals Bureau, Kwabena Adu-Boahene.

He and his wife, Angela Adjei-Boateng, were recently detained by the Attorney General’s office following his arrest at the Kotoka International Airport (KIA).

Following his detention, Attorney General Dr Dominic Akuritinga Ayine revealed at a press conference on Monday, March 24, 2025, a list of properties acquired by both suspects since 2018.

This, he said, was established through painstaking investigations by the EOCO and the AG’s office, indicating that the properties acquired were bought using embezzled state funds.

Below is a breakdown of the properties and their estimated values under the couple’s names below:

1. No. 2 stream part drive, Mayfair Estates, LA, Accra which is estimated at $1,000,000 (valued at GH¢15,000,000)

2. No. 6 Edith Avenue, Mayfair Estates, LA, Accra

3. No. 7 Edith Avenue, Mayfair Estates, LA, Accra estimated at a value of $200,000

4. No. 8 Edith Avenue, Mayfair Estates LA, Accra estimated at a value of $97,815

5. No. 9 Edith Avenue, Mayfair Estates LA, Accra also valued at $270,000

6. No. 10 Edith Avenue, Mayfair Estates LA, Accra at $150,000, Additionally, another initial cash deposit of $500,000 was made to purchase 5 houses.

7. Vertex properties at Oyarifa Gated Estate Development. This consists of 27 houses each valued at an estimated cost of $295,000 (GH¢127,000,000).

8. Two properties in London
===========er disclosed that an amount of up to GH¢39 million was allegedly diverted and embezzled by the suspects from the agency.

"GH¢39,462,480 went into Adu-Boahene and his wife's pockets from one transaction===========================================
===--==-
See full list of properties allegedly acquired by former NAFCO CEO
« Prev
Next »
Comments (62)
Listen to Article
• Share:
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Former NAFCO CEO, Abdul-Wahab Hanan is at the centre of fresh corruption related matters
The Attorney General and Minister of Justice, Dr Dominic Akuritinga Ayine, has disclosed that the former Chief Executive Officer of the National Food and Buffer Stock Company (NAFCO), Abdul-Wahab Hanan, is at the centre of a major corruption investigation involving the alleged acquisition of high-value assets with state funds.

LIVESTREAMED: Attorney General provides new updates on ORAL cases

Speaking at the Government Accountability Series in Accra on Wednesday, October 22, 2025, Dr Ayine said investigators from the Economic and Organised Crime Office (EOCO) have traced several luxury properties and suspicious bank transactions linked to Abdul-Wahab, believed to have been financed with proceeds of crime.

“Investigators from the Economic and Organised Crime Office (EOCO) have traced several properties and bank transactions linked to Abdul-Wahab, which they believe were funded through illicit means,” he said.

The former NAFCO boss was arrested with his wife on June 25, 2025, and detained by EOCO for two weeks before being granted bail in the sum of GH¢60 million with two sureties.

His wife was released earlier on a GH¢30 million bail.

While the opposition New Patriotic Party (NPP) has criticised the bail conditions as excessively harsh and politically motivated, Dr Ayine maintained that the government remains committed to enforcing accountability and the rule of law.

He disclosed that assets allegedly acquired with misappropriated funds include a five-bedroom house at Chain Homes, valued at $1.625 million; a three-bedroom residence at Cantonments purchased for $600,000; plots of land at Airport Development Area worth $750,000; a 17-bedroom boutique hotel in Gumani, Tamale valued at $250,000; a four-bedroom bungalow at Dzorwulu valued at GH¢4.14 million; and a 0.32-acre parcel of government land purchased for GH¢307,200.

Dr Ayine assured that all assets proven to have been purchased with stolen funds will be confiscated in line with the law.

See the list below

MRA/AE

=========================
4000000
K. Opoku-London-UK 2 months ago

===AKUFFO ADDO STOLE GHANA MONEY £900 MILLION POUNDS STERLING

KEN OFORI ATTA STOLE GHANA MONEY £400 MILLION POUNDS STERLING

EDWARD AKUFFO ADDO STOLE GHANA MONEY £350 MILLION POUNDS STERLING

GABBY OTCHERE DARKO STO ...
read full comment

===AKUFFO ADDO STOLE GHANA MONEY £900 MILLION POUNDS STERLING

KEN OFORI ATTA STOLE GHANA MONEY £400 MILLION POUNDS STERLING

EDWARD AKUFFO ADDO STOLE GHANA MONEY £350 MILLION POUNDS STERLING

GABBY OTCHERE DARKO STOLE GHANA MONEY £250 MILLION POUNDS STERLING

NAPO STOLE GHANA MONEY £150 MILLION POUNDS STERLING

BAWUMIA STOLE GHANA MONEY £450 MILLION POUNDS STERLING

FREDDIE BLAY AND HIS SON STOLE GHANA MONEY 650 MILLION POUNDS STERLING

YOU BORROWED AND STOLE IT ALL. YOU BORROWED OVER $50 BILLION US DOLLARAHAVE THE NPP FORGOTTEN THE ECONOMIC HARDSHIPS THE NPP VISITED ON GHANAIAN PEOPLE? STEALING OF THE PENSIONERS MONEY, BAWUMIA FAILED ECONOMIC MESSIAH, AKUFFO ADDO REFUSING TO REMOVE HIS COUSIN-KEN OFORI ATTA-DESPITE CAUSING FINANCIAL LOSS TO THE STATE. NPP ARE DREAMERS-GHANA VOTERS ARE NOT FOOLS. REMOVE ALL THE NPP FAILED AND CORRUPT EXECUTIVES WHO ALLOWED TANI AKUFFO ADDO AND HIS FAMILY TO STEAL AND STEAL
Remove Akyem Abuakwa STOOGE Liar Bawumia, The Loser. There should NOT be another Northerner as President because President Mahama has taken that SLOT. We should NOT be afraid of the Northerners-CALL A SPADE, A SPADE. The Northerners are OVER PAMPERED-NPP gets few votes from the North of Ghana and even Bawumia-who is a Northerner could NOT change it.
The LIES that brought the LOSER DRIVERS MATE-BAWUMIA TO THE NPP FLAGBEARERSHIP WAS THAT-BECAUSE HE IS A NORTHERNER-IF HE STANDS WITH PRESIDENT MAHAMA- THE NORTHERN REGIONS OF GHANA WOULD BE DIVIDED BETWEEN BAWUMIA AND PRESIDENT MAHAMA. BUT THE NORTHERN REGIONS OF GHANA VOTED OVERWHELMINGLY FOR PRESIDENT MAHAMA. SO THE DOCTRINE OF BREAKING THE 8 YEARS WAS AN AKYEM ABUAKWA LIES AND TRICKS-THE ILLITERATE CHAIRMAN WONTUMI DID NOT SEE. ASHANTI REGION SHOULD REPLACE BCHAIRMAN WONTUMI BECAUSE YHE IS NOT A STRATEGIC THINKER. ASHANTI REGION SHOULD ALWAYS BE THE KINGMAKER OF THE NPP LEADER BECAUSE OF THE VOLUME OR NUMBER OF VOTES NPP RECEIVES IN THE ASHANTI REGION. NO REGION IN GHANA, GIVE THE NPP THE SAME NUMBER OF VOTES AS THE ASHANTI REGION DOES. SO THERE SHOULD BE WEIGHTED AVERAGE OF VOTES FOR EACH REGION AS PER THE TOTAL NUMBER OF VOTES NPP RECEIVES NATIONALLY.

Factors that contributed to NPP's election loss are:
1. Bad, cruel and reckless policies
2. The inability of the NPP leadership to restrain the ' ka a nka bi syndrome of Akuffo Addo
3. Ken Ofori Atta's OVER SIZED FINANCE MINISTRY WITH OVER REACHING POWERS TO STOP ANY VALUE FOR MONEY PROJECT EXCEPT-CREATE AND LOOT policies-
4. The unrepentant branding of disgruntled members as traitors like ALAN KYEREMATEN
5. The creation and the continuous existence of the Akyem/Kyebi mafia
5. NPP was a galamseyers party and government
6. Reckless borrowing
7. The implementation of the DDEP-STEALING OF POOR GHANA PENSIONERS SAVINGS-VERY DISTATEFUL
8. Divide and rule tactics by Akuffo Addo
9. Christians ganged against a Muslim candidate
10. NNP's betrayal of its grassroots people
11. The " mass stealing syndrome" of the selected and protected elites
12. The neglect of the Ashanti region for the Eastern region-NO PROJECT WAS COMPLETED BY TANI AKUFFO ADDO IN THE ASHANTI REGION-WHO VOTED SKIRT AND BLOUSE TO MAKE HIM PRESIDENT.
13. The pomposity of Akuffo Addo RIDING IN EXPENSIVE PRIVATE JETS and his chosen and protected elites GOING TO EUROPE FOR SHOPPING IN THE PRESIDENTIAL JET
14. Unassertive, weak and chop chop NPP leadership-THE STEALING BRIDGADE
15. The Wontumi factor-ILLITERATE WONTUMI-HE IS NOT A STRATEGIC THINKER-like displaying GOLD BARS ON TV-Womtumi is an IDIOT-Ashantis REMOVE HIM.
16. The imposition and protection of non performing MPs by Akuffo Addo and the elites of the party
17. The " mentumi ne oyi ny3 adwuma mentality of Akuffo Addo
18. The non existence of a fair internal grievance procedure or the hijacking of this machinery by Akuffo Addo
19. The hijacking and the infiltration of non entities and square pegs in round holes in the economic management team of Akuffo Addo and his Akyem mafia
20. The " merengue obiara na merete me ka" posture of Akufo Addo
21. The money na talk syndrome of the party ( moneycracy)
22. ÑPP use communicators who had fallen in favor with its grassroots
23. Communicators could not defend the badly crafted and wickedly intended policies like the DDEP, E-Levy, Agyapa, etc
24. The attempt to use of Covid and Russian- Ukraine war as a cover up for bad and wicked policies- KEN OFORI ATTA BUDGETS-DID NOT HAVE ANY CONTINGENCY MONEY, NO RISK ASSESSMENT WAS CARRIED OUT.
25. Mass fraud and corruption by government people- e.g. EUGENE ARHIN, SIR JOHN, KWABENA ADU BOAHENE
26.Dupping, fraudulent and stealing from proposed but non existed development projects
27. Non performing oversized government, creating job for the boys.
28. No value for money mentality
29. The dollar which was allowed to break the bank. The Ghana cedi lost its value in 2022 under Ken Ofori Atta and the President refused to remove him despite 98 NPP MPs went to see him and he refused to meet them-DICTATORSHIP.
30. Stagflation- high inflation matching stagnant economic growth and unemployment
31. Breakdown of respect for traditional authorities and their people where TANI Akuffo Addo ordered Chiefs to stand when greeting him. What on earth is this liliput, short and ugly Akyem Abuakwa TANI come from?
32. Loose talk by Akuffo Addo- eg, I will not develop the Kwabre community and that no one has lost his thumb and should vote against the party if he or she is dissatisfied. It is only a drug addict who will talk like this and expect his party to win election. He was let loose to speak irresponsibly by the party hierarchy
26. Etc,etc, etc and ect

The reign of President Nana Addo Dankwa Akufo-Addo may have long been over since January 7, 2025, but the very people who helped him during his 8 years in office may not all been enjoying their ‘retirements’ so well, or so quietly.

And this is for reasons aligned to promises and what appears to be a robust aim by the John Dramani Mahama government, which took over from the past one, to prosecute any forms of corruption that arose during the former administration.

These formed part of campaign promises by John Mahama and his National Democratic Congress (NDC), coming into the 2024 Election, and so far, they have been determined on achieving that.

Caught up in that, have been a number of appointees of Akufo-Addo who have ended up several investigations, or, in simple terms, whose names have been linked to controversial wealth that people believe may be, somehow, corruption related.

In this GhanaWeb article, let us take a look at some of the appointees under Akufo-Addo whose wealth came into question, generating national conversations.

In each of these cases, something happened that brought their cases into the public light, prompting national discussions and great interest.

Eugene Arhin

Eugene Arhin was the Director of Communications at the Presidency under Nana Akufo-Addo for the 8 years he was in office.

In 2021, a divorce case with his wife made it into the public, where his wife was demanding for certain reliefs in the separation process.

As part of the things she listed, she made mention of some of the properties owned by Eugene Arhin and these revelations, in the eyes of the public, generated a lot of conversations.

For many, did the Director of Communications at the Presidency, Eugene Arhin, amass all that in a space of four years, or during his time in public office?

Gloria Assan Arhin, his wife at the time, prayed the Accra High Court to grant her divorce request and also give her a number of properties, including a five-bedroom residential property (which was intended to be the matrimonial home of the parties) situated on a two-plot of land lying at East Legon in Accra; a four-storey building comprising 16 separate flats/apartments situated on a parcel of land at Bubiashie in Accra which land was acquired from a family friend of the petitioner.

She also asked for a storey building being constructed which comprised of 16 separate flats/apartments situated at Tuba-Weija in Accra.

These were but just three of the over twenty properties she sought after as part of the divorce.

Kwadwo Owusu Afriyie (Sir John)

Sir John, a former General Secretary of the New Patriotic Party (NPP), became the Chief Executive Officer of the Forestry Commission of Ghana until his death.

After his death, his will became public, generating another widespread conversation among Ghanaians. It involved a tall list of 75 properties, including houses, parcels of land, bank accounts, investments, businesses, guns and clothes.

His will also raised public concerns following the discovery that he owned lands at the Achimota Forest. This was also because President Akufo-Addo had, at the time, signed an Executive Instrument that said part of the Achimota Forest was no longer a forest reserve.

Critics said the move was a ploy to get the land into the hands of the ruling elite, an accusation the government vehemently denied.

Sir John’s ownership of parcels of lands at the Achimota Forest appeared to have heightened the deep-seated mistrust of the government and its actions.

Below are the properties as listed in the will of the late Sir John:

House on plot number GA54480 located in Ogbojo, East Legon, and acquired on February 12, 2018

House on plot number GA 55329 located at Oyarifa No. 2, acquired on May 11, 2018

House plot number GA 55475 located at Oyarifa No.1, acquired on September 27, 2017

House on plot number GA 5881 located at Adjiringanor, Accra, (white House), acquired on August 7, 2019.

A 6-bedroom house located at Patangbe, Ogbojo, near East Legon.

A 4-bedroom house located in Mempeheusem, East Legon

A 3-bedroom house on plot number TDA 4140 located in Mempehuesem, East Legon

Another 3-bedroom house on plot number TDA 4140 located in Mempehuesem, East Legon

A 4-bedroom house on plot number GA56838 located in East Legon and acquired on October 25, 2018

A 5-bedroom house located in Sakora Wonoo

A 4-storey building located in East Legon, with 10 apartments, each apartment consisting of 3-bedrooms; and five apartments, each consisting of two bedrooms.

LANDS

Two plots of land located in Ahenema Kokoben in the Ashanti Region

Two plots of land with registration number GA56921 located in Oyarifa, which were acquired on November 6, 2018.

A 5.541-acre land located in Achimota Forest held in the name of Jakaypros Limited

A 0.987-acre land located in Achimota Forest held in the name of Fasoh Limited

Unspecified piece of land located in the Achimota Forest jointly owned with Charles Owusu

An unspecified piece of land held in the name of DML located in the Achimota forest

A 5.07-acre land at the Ramsar site, Sakumono

Five plots of land located at Millenium city, Kasoa

One plot of land with certificate number GA60802, located at Mempeheusem, East Legon, acquired on December 13, 2019.

Two plots of land approximately of 0.40acres located at No.7 ARS Lane, Ogbojo, near East legon

One plot of land near the Chain Homes Estate at East Airport Hills.

A piece of land numbered plot 139 located within the Adentaman District (aka Aviation land).

PRIVATE VEHICLES

Lexus LX570 25. Ford Fusion

Lexus V6

Nissan Titan Pick Up V8

Mercedes Benz E68 Sport AMG

Honda Pilot V6

Honda Accord Sport

Toyota Landcruiser V8

Ford 150

Honda Accord 2.0 Touring

Toyota Rav 4, 2019 model

Chevrolet Cruze

Lexus Saloon Car, 2019 model

GUNS

Five pump-action guns

Clothing

BANK ACCOUNTS

National Investment Bank, account no. 1802092960501

CBG, account no. 0302239130003

GT Bank- in the name of Ruth Korkor Odonkor

GT Bank-in the name of Kwadwo Owusu Afriyie

Fidelity Bank, account no. 1060032907210

ADB, in the name of Jakaypros Limited

United States Bank, Wells Fargo, in the name of Kwadwo Owusu Afriyie

Canadian Bank Account, Royal Bank, in the name of Kwadwo Owusu Afriyie INVESTMENTS

ADB: Two million cedis (2,000,000.00), expected to mature in April 2020.

Two hundred and fifty thousand Ghana cedis (GHc 250,000) with NTHC which stood at GHc 303,720.22 as at July 31, 2019.

Joint gold production investment with Francis Owusu Joint ownership in gold production investment with:

ROTL,

FASOH

MBL HOSPITAL

Afriyie Memorial Hospital, located at Sakora Wonoo OTHER BUSINESSES

A fuel Station located at Kentinkrono in the Ashanti region

Fuel tanker vehicles (10 in number)

One teak plantation located at Nkawie in the Ashanti Region

Rubber plantation located in the Eastern Region

Stalls located at the new Kejetia market, Kumasi (3 in number)

Farms at Ejura in the Ashanti Region.

Kwabena Adu-Boahene

The last person in this list of Akufo-Addo appointees whose wealth have courted public conversations is the former Director-General of the National Signals Bureau, Kwabena Adu-Boahene.

He and his wife, Angela Adjei-Boateng, were recently detained by the Attorney General’s office following his arrest at the Kotoka International Airport (KIA).

Following his detention, Attorney General Dr Dominic Akuritinga Ayine revealed at a press conference on Monday, March 24, 2025, a list of properties acquired by both suspects since 2018.

This, he said, was established through painstaking investigations by the EOCO and the AG’s office, indicating that the properties acquired were bought using embezzled state funds.

Below is a breakdown of the properties and their estimated values under the couple’s names below:

1. No. 2 stream part drive, Mayfair Estates, LA, Accra which is estimated at $1,000,000 (valued at GH¢15,000,000)

2. No. 6 Edith Avenue, Mayfair Estates, LA, Accra

3. No. 7 Edith Avenue, Mayfair Estates, LA, Accra estimated at a value of $200,000

4. No. 8 Edith Avenue, Mayfair Estates LA, Accra estimated at a value of $97,815

5. No. 9 Edith Avenue, Mayfair Estates LA, Accra also valued at $270,000

6. No. 10 Edith Avenue, Mayfair Estates LA, Accra at $150,000, Additionally, another initial cash deposit of $500,000 was made to purchase 5 houses.

7. Vertex properties at Oyarifa Gated Estate Development. This consists of 27 houses each valued at an estimated cost of $295,000 (GH¢127,000,000).

8. Two properties in London

The AG further disclosed that an amount of up to GH¢39 million was allegedly diverted and embezzled by the suspects from the agency.

"GH¢39,462,480 went into Adu-Boahene and his wife's pockets from one transaction========================--------------------------------
See full list of properties allegedly acquired by former NAFCO CEO
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Former NAFCO CEO, Abdul-Wahab Hanan is at the centre of fresh corruption related matters
The Attorney General and Minister of Justice, Dr Dominic Akuritinga Ayine, has disclosed that the former Chief Executive Officer of the National Food and Buffer Stock Company (NAFCO), Abdul-Wahab Hanan, is at the centre of a major corruption investigation involving the alleged acquisition of high-value assets with state funds.

LIVESTREAMED: Attorney General provides new updates on ORAL cases

Speaking at the Government Accountability Series in Accra on Wednesday, October 22, 2025, Dr Ayine said investigators from the Economic and Organised Crime Office (EOCO) have traced several luxury properties and suspicious bank transactions linked to Abdul-Wahab, believed to have been financed with proceeds of crime.

“Investigators from the Economic and Organised Crime Office (EOCO) have traced several properties and bank transactions linked to Abdul-Wahab, which they believe were funded through illicit means,” he said.

The former NAFCO boss was arrested with his wife on June 25, 2025, and detained by EOCO for two weeks before being granted bail in the sum of GH¢60 million with two sureties.

His wife was released earlier on a GH¢30 million bail.

While the opposition New Patriotic Party (NPP) has criticised the bail conditions as excessively harsh and politically motivated, Dr Ayine maintained that the government remains committed to enforcing accountability and the rule of law.

He disclosed that assets allegedly acquired with misappropriated funds include a five-bedroom house at Chain Homes, valued at $1.625 million; a three-bedroom residence at Cantonments purchased for $600,000; plots of land at Airport Development Area worth $750,000; a 17-bedroom boutique hotel in Gumani, Tamale valued at $250,000; a four-bedroom bungalow at Dzorwulu valued at GH¢4.14 million; and a 0.32-acre parcel of government land purchased for GH¢307,200.

Dr Ayine assured that all assets proven to have been purchased with stolen funds will be confiscated in line with the law.

See the list below

MRA/AE
See full list of properties allegedly acquired by former NAFCO CEO
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Former NAFCO CEO, Abdul-Wahab Hanan is at the centre of fresh corruption related matters
The Attorney General and Minister of Justice, Dr Dominic Akuritinga Ayine, has disclosed that the former Chief Executive Officer of the National Food and Buffer Stock Company (NAFCO), Abdul-Wahab Hanan, is at the centre of a major corruption investigation involving the alleged acquisition of high-value assets with state funds.

LIVESTREAMED: Attorney General provides new updates on ORAL cases

Speaking at the Government Accountability Series in Accra on Wednesday, October 22, 2025, Dr Ayine said investigators from the Economic and Organised Crime Office (EOCO) have traced several luxury properties and suspicious bank transactions linked to Abdul-Wahab, believed to have been financed with proceeds of crime.

“Investigators from the Economic and Organised Crime Office (EOCO) have traced several properties and bank transactions linked to Abdul-Wahab, which they believe were funded through illicit means,” he said.

The former NAFCO boss was arrested with his wife on June 25, 2025, and detained by EOCO for two weeks before being granted bail in the sum of GH¢60 million with two sureties.

His wife was released earlier on a GH¢30 million bail.

While the opposition New Patriotic Party (NPP) has criticised the bail conditions as excessively harsh and politically motivated, Dr Ayine maintained that the government remains committed to enforcing accountability and the rule of law.

He disclosed that assets allegedly acquired with misappropriated funds include a five-bedroom house at Chain Homes, valued at $1.625 million; a three-bedroom residence at Cantonments purchased for $600,000; plots of land at Airport Development Area worth $750,000; a 17-bedroom boutique hotel in Gumani, Tamale valued at $250,000; a four-bedroom bungalow at Dzorwulu valued at GH¢4.14 million; and a 0.32-acre parcel of government land purchased for GH¢307,200.

Dr Ayine assured that all assets proven to have been purchased with stolen funds will be confiscated in line with the law.

See the list below

MRA/AE
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JESUS IS GOD 2 months ago

Jesus Christ loves you and wants to save you from sin and its consequences. He died on the cross for your sins, was buried, and rose again on the third day. Believe in Him, accept His gift of forgiveness, and receive eternal ...
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Jesus Christ loves you and wants to save you from sin and its consequences. He died on the cross for your sins, was buried, and rose again on the third day. Believe in Him, accept His gift of forgiveness, and receive eternal life! (John 3:16)..ojhgbg
Lily 2 months ago

Look at this mumu cow ....lol

Look at this mumu cow ....lol

Onea 2 months ago

Delusions of grandeur

Delusions of grandeur
.mr amin 2 months ago

The exchange rate should be in a single digit the current rate is high also the activities of the aboochi and the black market should be check, the intervention of the BoG is the right way, those useless so called economist w ...
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The exchange rate should be in a single digit the current rate is high also the activities of the aboochi and the black market should be check, the intervention of the BoG is the right way, those useless so called economist who are complaining about the intervention should go to hell why do you have money and allow your children to suffer and go hungry, BoG more vim, the cedi strength determine our standard of living
Kwesi Amankwa 2 months ago

NPP shame shame

NPP shame shame
Nana Essel 2 months ago

These npp people do not know what is called shame or disgrace. How can they mismanaged the economy and still get vim to criticize someone who is doing things well. Hmm, indeed, school cannot change a fool

These npp people do not know what is called shame or disgrace. How can they mismanaged the economy and still get vim to criticize someone who is doing things well. Hmm, indeed, school cannot change a fool
Tt 2 months ago

The nerve ! Bruh!!!!!!!

The nerve ! Bruh!!!!!!!
Amanoquestion7 2 months ago

Waa look

Waa look
Forlifive 2 months ago

Npp no no shame at all

Npp no no shame at all
Kwadwo 2 months ago

How could you make such a fatuous statement. What was the rate during your time. I pray you people stay in opposition for 20 more years. Such an idiot

How could you make such a fatuous statement. What was the rate during your time. I pray you people stay in opposition for 20 more years. Such an idiot
Man 2 months ago

Seeing faces alone makes me like vomiting . Shameless foolish nation wreckers who thinks Ghanaians are like them. 2028 will bring you more disgrace. Ghana will work again

Seeing faces alone makes me like vomiting . Shameless foolish nation wreckers who thinks Ghanaians are like them. 2028 will bring you more disgrace. Ghana will work again
Nkontompo 2 months ago

The minority should shut up their lbeaks

The minority should shut up their lbeaks

Lady 2 months ago

Time will tell my sorry

Time will tell my sorry
Obuo 2 months ago

And NPP have the guts to spue such nonsense after subjecting us to 53% inflation, DDEP and taking the dollar to 17 cedis. We are even lucky to still have a local treasury bill market. Please shut up and let Mahama and his ...
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And NPP have the guts to spue such nonsense after subjecting us to 53% inflation, DDEP and taking the dollar to 17 cedis. We are even lucky to still have a local treasury bill market. Please shut up and let Mahama and his team reset the economy. Amin Adam, you make me feel like throwing up!!!
MAHAMA EI! ) KA’A, ) B3Y3’O 2 months ago

Amin Adam’s, Borla finance minister. You were going stale on the sidelines and drafted in after 7 years to come and cover up Ken Ofori Atta’s mess. Upon all your interventions. You couldn’t even make the cedi appreciate ...
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Amin Adam’s, Borla finance minister. You were going stale on the sidelines and drafted in after 7 years to come and cover up Ken Ofori Atta’s mess. Upon all your interventions. You couldn’t even make the cedi appreciate against the dollar by 50 peswas. Today you have mouth to speak whilst Ato is FORCING us to buy progress. See your crooked hairline. KA W’ANO TOM W) H)!
Modinsane 2 months ago

An idiot who avails himself too as an NPP finance minister.

An idiot who avails himself too as an NPP finance minister.
Monfon 2 months ago

In life it's really painful when an idiot thinks that he's still intelligent,indeed school doesn't change stupidity at all

In life it's really painful when an idiot thinks that he's still intelligent,indeed school doesn't change stupidity at all
Piety 2 months ago

I thought the NPP is saying that the NDC have done nothing to stabilize the cedi and the economy? Your tenure, the Dollar-to-Cedi rate was skyrocketing but now someone have been able to bring it down and you are here telling ...
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I thought the NPP is saying that the NDC have done nothing to stabilize the cedi and the economy? Your tenure, the Dollar-to-Cedi rate was skyrocketing but now someone have been able to bring it down and you are here telling us "bla" "bla". " If your fundamentals are weak, the exchange rate will expose you". Am telling you guys (NPP) to change your olden days tricks of lies else the opposition self we will vote you out. Npp governments made us to know that the world is moving forward in terms of prices of goods and services and it will never go backward but the current government have shown that we can reset (start all over). "Dirty" politics
Abu issahaku 2 months ago

This guy is just a useless politician. No wonder .you domt even k now shame .you people will move out of opposition soon to nkawkaw nketikitie.you where minister the only thing u did was enrich urself .no wonder president kuf ...
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This guy is just a useless politician. No wonder .you domt even k now shame .you people will move out of opposition soon to nkawkaw nketikitie.you where minister the only thing u did was enrich urself .no wonder president kuffuir described you as a politician without loyalty .you re betrayal .
Achakanapaya 2 months ago

Look at another shameless silly rat.
Shut up your smelling mouth Massa.
Where were you in the past 8 years???
Useless idiots. Thieves and lair's brigade.

Look at another shameless silly rat.
Shut up your smelling mouth Massa.
Where were you in the past 8 years???
Useless idiots. Thieves and lair's brigade.
Mr Ibu 2 months ago

You became a finance minister due to lack of man power within the NPP so we aren't surprised at this infantile logic. Everyone ran away from the job and then kept you there, lok

You became a finance minister due to lack of man power within the NPP so we aren't surprised at this infantile logic. Everyone ran away from the job and then kept you there, lok
Truth Table 2 months ago

Say this prayer if you have decided to accept Jesus as your Lord and Saviour.

Dear Heavenly Father,
I admit that I have done things that are against your will for me. Please forgive me for my sins. I believe in my heart t ...
read full comment

Say this prayer if you have decided to accept Jesus as your Lord and Saviour.

Dear Heavenly Father,
I admit that I have done things that are against your will for me. Please forgive me for my sins. I believe in my heart that Jesus died and rose again to take away my sin. .. And I declare Jesus Christ as my Lord and Saviour... ... Please fill me with your Holy Spirit. .. . Thank you for saving me and thank you for hearing my prayer. .. . In Jesus' name. .. .. . Amen.. . ...

Gh 2 months ago

Even if it come to ghc1, these npp criminals will still talk..

Even if it come to ghc1, these npp criminals will still talk..
Gab 2 months ago

See this mumu, his face alone will tell you how stupid he is. Ghanaians are fed up with you. Keep quiet.

See this mumu, his face alone will tell you how stupid he is. Ghanaians are fed up with you. Keep quiet.
Alex 2 months ago

Shameless and evil people.
Let’s have some objectivity.

Shameless and evil people.
Let’s have some objectivity.
Lohedau 2 months ago

This comment from the former Minister is a non starter!

This comment from the former Minister is a non starter!
Are these people still talking 2 months ago

Is this not the man who lied and said betting tax was not collected?oh npp full of clueless people.You are still not ashamed,you will be in opposition for long because that is where you belong.You messed up the economy saying ...
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Is this not the man who lied and said betting tax was not collected?oh npp full of clueless people.You are still not ashamed,you will be in opposition for long because that is where you belong.You messed up the economy saying you have the men,where did you leave the dollar despite your interventions,look don't annoy us,these are the things you say and you will never come back to power.
Ghanaba 2 months ago

Really?

Really?
Owusu Agyei, Suhum 2 months ago

When you try not to use certain derogatory words to describe these npp folks, they make it difficult and entreats you to insult them. You were in leadership for 8years and you are now telling us how to manage the forex. These ...
read full comment

When you try not to use certain derogatory words to describe these npp folks, they make it difficult and entreats you to insult them. You were in leadership for 8years and you are now telling us how to manage the forex. These npp clueless idiots are so damp that they sometimes don't even make sense in silence. You mismanaged every sector and you still have the guts to talk. The ndc is performing because they are listening and being discipline. All the macroeconomic indicators are looking good because somebody is doing something right that you the npp and your ofori atta failed to do. If ofori atta thinks he did nothing wrong, tell him to come home. Ghanaians will not allow any overhyped idiot to rule us against, never. We were all made to believe that Mahama was a spent force and an incompetent man, but time has exonerated this humble and intelligent leader. I will continue to applaud Ghanaians for bringing back this man. The Ghanaian voters are amongst the most sophisticated voters in the world. The npp have started that hype on Kennedy Agyapong again, thinking that their jandam and propaganda will work. Somebody shd educate on what this Kennedy Agyapong has done on the youth that we have look to his direction. He was an MP for over 4terms and he never did any significant thing in that constituency. We the crusaders of good governance are watching and we will protect, defend and critic Prez Mahama any day when necessary. Ghana is a serious business.
DEEVINITY 2 months ago

@Owusu Agyei, Suhum. Brilliantly put!!!! I doff my hat to you Sir!

@Owusu Agyei, Suhum. Brilliantly put!!!! I doff my hat to you Sir!
Populist 2 months ago

Shame unto you. Hatred will kill some of you. Your NPP government couldn't tame or arrest the US dollar and reduce thinflation after all the hullabaloo and having the so called Economic Messiah in the person Dr. Bawumia. You ...
read full comment

Shame unto you. Hatred will kill some of you. Your NPP government couldn't tame or arrest the US dollar and reduce thinflation after all the hullabaloo and having the so called Economic Messiah in the person Dr. Bawumia. You failed totally therefore keep quiet.You have nothing to offer. Praise the NDC government for their efforts.
Me 2 months ago

Nonsense....................

During your time what did you do?

Nonsense....................

During your time what did you do?
Nana 2 months ago

I respect you a lot but trust me at this point I think you are the biggest educated fool in Ghana. You had the same opportunity and what was your achievement. I think the 41% you had makes you feel better. I will be surprised ...
read full comment

I respect you a lot but trust me at this point I think you are the biggest educated fool in Ghana. You had the same opportunity and what was your achievement. I think the 41% you had makes you feel better. I will be surprised if the NPP get pass 35% in the next election should they continue with these stupidity. Fool.
Multi 2 months ago

Concert! If you know it can be done, why you didn't do it?

Concert! If you know it can be done, why you didn't do it?
Your era 2 months ago

Time will surely expose BOG .

Time will surely expose BOG .
Akwasi 2 months ago

Tramadol is not good for some people

Tramadol is not good for some people
J Kay 2 months ago

I now understand why common sense is common but not for common people and why titles are not character. If this is a Dr's analysis, then God save Ghana from NPP never to rule Ghana again.

I now understand why common sense is common but not for common people and why titles are not character. If this is a Dr's analysis, then God save Ghana from NPP never to rule Ghana again.
Ewvevi 2 months ago

Another fool from the north who thinks he is loved by those rat shit eating forest monkeys. If there is something like "heavy BOG intervention", why didn't you as a so-called finance minister together with your useless and in ...
read full comment

Another fool from the north who thinks he is loved by those rat shit eating forest monkeys. If there is something like "heavy BOG intervention", why didn't you as a so-called finance minister together with your useless and incompetent Addison do the same thing, so as to cushion the importers at least? Kwaseaaaa.
Al j 2 months ago

Shameful cockroach minority..

Shameful cockroach minority..
Kay 2 months ago

SHUT up when u were in power what did u do. If ndc keeps going on this path npp u will loose mote seat and u be called iota party

SHUT up when u were in power what did u do. If ndc keeps going on this path npp u will loose mote seat and u be called iota party
DEEVINITY 2 months ago

Nkwasia kekã saaaa naaaaa. Eeiiiiiiii!!! Is everything ok at "home"? Or should we call Ankaful???

Nkwasia kekã saaaa naaaaa. Eeiiiiiiii!!! Is everything ok at "home"? Or should we call Ankaful???
T Amo 2 months ago

Npp you guys are funny Ghana is a wake.

Npp you guys are funny Ghana is a wake.
DEEVINITY 2 months ago

Amin Adam should pay Dr. (A true PhD) Tony Aidoo a visit and learn what political economics means. A man cannot accumulate bullion and look on while his children starve to death.

Amin Adam should pay Dr. (A true PhD) Tony Aidoo a visit and learn what political economics means. A man cannot accumulate bullion and look on while his children starve to death.
Major 1 2 months ago

This guy should give us a break. At least businesses are enjoying some stability.

This guy should give us a break. At least businesses are enjoying some stability.
Paul 2 months ago

Whoever is injecting money to stabilize the cedis is a waste of resources. The stabilization of the cedis depends on the Stock Exchange Market and foreign forces. I told the Minister of Finance that injecting money is a temp ...
read full comment

Whoever is injecting money to stabilize the cedis is a waste of resources. The stabilization of the cedis depends on the Stock Exchange Market and foreign forces. I told the Minister of Finance that injecting money is a temporary solution but not permanent. Unfortunately th eff government wants name but realitym
.mr amin 2 months ago

Paul I disagree with you now our gold export and reserves at the BoG has shir up it should reflect in the value of the currency, am surprised you are not happy when the cedi get stronger we need a good purchasing power to boo ...
read full comment

Paul I disagree with you now our gold export and reserves at the BoG has shir up it should reflect in the value of the currency, am surprised you are not happy when the cedi get stronger we need a good purchasing power to boost demand for goods and services to creat jobs
SD.com 2 months ago

They are never ashamed of themselves

They are never ashamed of themselves
Kofi 2 months ago

How much was used in the oil for gold and what was the appreciation in the cedis?

How much was used in the oil for gold and what was the appreciation in the cedis?
KK 2 months ago

See who is speaking. You intervened the same way without results.
Someone is getting results and you are saying what?

See who is speaking. You intervened the same way without results.
Someone is getting results and you are saying what?
K. Opoku-London-UK 2 months ago

Who took Ghana to the IMF in 2022? It was Dr Messiah Bawumia and Ken Ofori Atta- cum Akuffo Addo- The NPP Economic Messiah-Dr Bawumia. Ghana has been to the IMF 18 times- Ghana has spend 40 years under the IMF conditions out ...
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Who took Ghana to the IMF in 2022? It was Dr Messiah Bawumia and Ken Ofori Atta- cum Akuffo Addo- The NPP Economic Messiah-Dr Bawumia. Ghana has been to the IMF 18 times- Ghana has spend 40 years under the IMF conditions out of its 68 years history-Ghana IS A FAILED STATE. Dr Bawumia pls aren't you embarrassed by revelations at the PAC on revelations of crime committed by the very people u and Akuffo Addo appointed to run affairs of this country? What record are u going to defend. I have lost respect for you. A muslim without intergrity.
The World Bank has pushed back against the erstwhile Akufo-Addo administration’s long-held narrative that Ghana’s 2022 economic collapse was the result of global turmoil, the COVID-19 pandemic and the Russia-Ukraine war.
Bawumia was the Chairman of the Ghana National Economic Management Committee but he says that he was the Drivers Mate. How can a driver's mate do this when he claims he never had the chance to implement anything in government because the powers that be did not allow him. Yet he wants to claim credit for any good things that he never did yet will refuse to accept responsibility for any failure in their government. How stupid does this man think we are? You took the cedi from 4 to 17 and still had the audacity to tell us the rate of depreciation at that time was better than the previous NDC administration. What at all does this man take us for? Does he think we're stupid or what? Someone should tell this man that we haven't forgotten about the DDEP haircuts and surely we shall punish the npp again come 2028.

It insisted that the economic meltdown was “homegrown”.

In its latest 2025 Policy Notes on Ghana, the Bank made clear that while the COVID-19 pandemic and Russia’s invasion of Ukraine worsened the situation, they were not the root cause.

“The deterioration of global conditions… was not the cause of the 2022 macroeconomic crisis; rather, it merely exposed an economy already beset with deep structural vulnerabilities and precarious macroeconomic conditions,” the report said.

The government has frequently blamed external shocks for the collapse, which saw inflation spiral, the cedi plummet, and the country default on its debt.

But the World Bank said years of weak governance, fiscal indiscipline, and stalled reforms were the real culprits of Ghana's "dark days".

Interbank Market: Cedi trades at GH¢12.35 to $1

The bank also argued that the easy access to international credit and expectations of resource windfalls encouraged short-term political decisions at the expense of long-term stability.

The report noted that the cycle of expansionary spending followed by painful corrections, one that has forced Ghana into 17 IMF programs over the past 68 years, is damaging.

“Sudden macroeconomic stops and crises have led the country to request a record number of IMF programs, remaining under active IMF support for 40 out of its 68 years of history,” the Bank said.

The report also noted that more than 800,000 people were pushed into poverty in the aftermath of the 2022 crisis, with per capita incomes stuck at around US$2,200 for over a decade.

Today, more than a quarter of Ghanaians live below the poverty line, it noted.

Looking ahead, the Bank also raised alarms about Ghana’s fiscal management in the 2024 election year.

It flagged unbudgeted spending commitments of roughly US$4.8 billion, equivalent to 5.7% of GDP, much of it accumulated outside official financial systems.

“Spending indiscipline poses a critical challenge…undermining efforts to maintain fiscal discipline and compromising long-term sustainability,” the report cautioned.

Also, the energy sector arrears still cost around 2% of GDP annually, while COCOBOD’s debts reached US$1.8 billion in 2024, with interventions distorting markets and hurting farmers.

The bank warned that Ghana now stands at a critical crossroads, and temporary fixes will not be enough.

“There is an urgent need to signal a clear break from the past and a commitment to change… Success will ultimately be measured by the ability of the government to regain the trust of its citizens.”

Its recommendations are focused on restoring fiscal discipline, broadening the tax base, reforming state-owned enterprises, and enhancing governance.

Without decisive reforms, the World Bank cautions, Ghana risks remaining trapped in its cycle of crisis and bailouts for decades to come.

=-=====------
=============================
9865
Rako 2 months ago

Have you soon forgotten you said if NDC was in power the dollar would have been 1 for 20

Have you soon forgotten you said if NDC was in power the dollar would have been 1 for 20
K. Opoku-London-UK 2 months ago

Eugene Arhin===IT WAS THE NPP POLICY OF BORROW AND STEAL AND STEAL- 52 AKUFFO ADDO FAMILY MEMBERS IN HIS GOVERNMENT- THAT FAMILY CAME TO STEAL FOR THEIR FUTURE GENERATIONS-AKYEM ABUAKWA THIEVES
Bawumia was the Chairman of th ...
read full comment

Eugene Arhin===IT WAS THE NPP POLICY OF BORROW AND STEAL AND STEAL- 52 AKUFFO ADDO FAMILY MEMBERS IN HIS GOVERNMENT- THAT FAMILY CAME TO STEAL FOR THEIR FUTURE GENERATIONS-AKYEM ABUAKWA THIEVES
Bawumia was the Chairman of the Ghana National Economic Management Committee but he says that he was the Drivers Mate. How can a driver's mate do this when he claims he never had the chance to implement anything in government because the powers that be did not allow him. Yet he wants to claim credit for any good things that he never did yet will refuse to accept responsibility for any failure in their government. How stupid does this man think we are? You took the cedi from 4 to 17 and still had the audacity to tell us the rate of depreciation at that time was better than the previous NDC administration. What at all does this man take us for? Does he think we're stupid or what? Someone should tell this man that we haven't forgotten about the DDEP haircuts and surely we shall punish the npp again come 2028.
Eugene Arhin was the Director of Communications at the Presidency under Nana Akufo-Addo for the 8 years he was in office.

In 2021, a divorce case with his wife made it into the public, where his wife was demanding for certain reliefs in the separation process.

As part of the things she listed, she made mention of some of the properties owned by Eugene Arhin and these revelations, in the eyes of the public, generated a lot of conversations.

For many, did the Director of Communications at the Presidency, Eugene Arhin, amass all that in a space of four years, or during his time in public office?

Gloria Assan Arhin, his wife at the time, prayed the Accra High Court to grant her divorce request and also give her a number of properties, including a five-bedroom residential property (which was intended to be the matrimonial home of the parties) situated on a two-plot of land lying at East Legon in Accra; a four-storey building comprising 16 separate flats/apartments situated on a parcel of land at Bubiashie in Accra which land was acquired from a family friend of the petitioner.

She also asked for a storey building being constructed which comprised of 16 separate flats/apartments situated at Tuba-Weija in Accra.

These were but just three of the over twenty properties she sought after as part of the divorce.

Kwadwo Owusu Afriyie (Sir John)

Sir John, a former General Secretary of the New Patriotic Party (NPP), became the Chief Executive Officer of the Forestry Commission of Ghana until his death.

After his death, his will became public, generating another widespread conversation among Ghanaians. It involved a tall list of 75 properties, including houses, parcels of land, bank accounts, investments, businesses, guns and clothes.

His will also raised public concerns following the discovery that he owned lands at the Achimota Forest. This was also because President Akufo-Addo had, at the time, signed an Executive Instrument that said part of the Achimota Forest was no longer a forest reserve.

Critics said the move was a ploy to get the land into the hands of the ruling elite, an accusation the government vehemently denied.

Sir John’s ownership of parcels of lands at the Achimota Forest appeared to have heightened the deep-seated mistrust of the government and its actions.

Below are the properties as listed in the will of the late Sir John:

House on plot number GA54480 located in Ogbojo, East Legon, and acquired on February 12, 2018

House on plot number GA 55329 located at Oyarifa No. 2, acquired on May 11, 2018

House plot number GA 55475 located at Oyarifa No.1, acquired on September 27, 2017

House on plot number GA 5881 located at Adjiringanor, Accra, (white House), acquired on August 7, 2019.

A 6-bedroom house located at Patangbe, Ogbojo, near East Legon.

A 4-bedroom house located in Mempeheusem, East Legon

A 3-bedroom house on plot number TDA 4140 located in Mempehuesem, East Legon

Another 3-bedroom house on plot number TDA 4140 located in Mempehuesem, East Legon

A 4-bedroom house on plot number GA56838 located in East Legon and acquired on October 25, 2018

A 5-bedroom house located in Sakora Wonoo

A 4-storey building located in East Legon, with 10 apartments, each apartment consisting of 3-bedrooms; and five apartments, each consisting of two bedrooms.

LANDS

Two plots of land located in Ahenema Kokoben in the Ashanti Region

Two plots of land with registration number GA56921 located in Oyarifa, which were acquired on November 6, 2018.

A 5.541-acre land located in Achimota Forest held in the name of Jakaypros Limited

A 0.987-acre land located in Achimota Forest held in the name of Fasoh Limited

Unspecified piece of land located in the Achimota Forest jointly owned with Charles Owusu

An unspecified piece of land held in the name of DML located in the Achimota forest

A 5.07-acre land at the Ramsar site, Sakumono

Five plots of land located at Millenium city, Kasoa

One plot of land with certificate number GA60802, located at Mempeheusem, East Legon, acquired on December 13, 2019.

Two plots of land approximately of 0.40acres located at No.7 ARS Lane, Ogbojo, near East legon

One plot of land near the Chain Homes Estate at East Airport Hills.

A piece of land numbered plot 139 located within the Adentaman District (aka Aviation land).

PRIVATE VEHICLES

Lexus LX570 25. Ford Fusion

Lexus V6

Nissan Titan Pick Up V8

Mercedes Benz E68 Sport AMG

Honda Pilot V6

Honda Accord Sport

Toyota Landcruiser V8

Ford 150

Honda Accord 2.0 Touring

Toyota Rav 4, 2019 model

Chevrolet Cruze

Lexus Saloon Car, 2019 model

GUNS

Five pump-action guns

Clothing

BANK ACCOUNTS

National Investment Bank, account no. 1802092960501

CBG, account no. 0302239130003

GT Bank- in the name of Ruth Korkor Odonkor

GT Bank-in the name of Kwadwo Owusu Afriyie

Fidelity Bank, account no. 1060032907210

ADB, in the name of Jakaypros Limited

United States Bank, Wells Fargo, in the name of Kwadwo Owusu Afriyie

Canadian Bank Account, Royal Bank, in the name of Kwadwo Owusu Afriyie INVESTMENTS

ADB: Two million cedis (2,000,000.00), expected to mature in April 2020.

Two hundred and fifty thousand Ghana cedis (GHc 250,000) with NTHC which stood at GHc 303,720.22 as at July 31, 2019.

Joint gold production investment with Francis Owusu Joint ownership in gold production investment with:

ROTL,

FASOH

MBL HOSPITAL

Afriyie Memorial Hospital, located at Sakora Wonoo OTHER BUSINESSES

A fuel Station located at Kentinkrono in the Ashanti region

Fuel tanker vehicles (10 in number)

One teak plantation located at Nkawie in the Ashanti Region

Rubber plantation located in the Eastern Region

Stalls located at the new Kejetia market, Kumasi (3 in number)

Farms at Ejura in the Ashanti Region.

Kwabena Adu-Boahene

The last person in this list of Akufo-Addo appointees whose wealth have courted public conversations is the former Director-General of the National Signals Bureau, Kwabena Adu-Boahene.

He and his wife, Angela Adjei-Boateng, were recently detained by the Attorney General’s office following his arrest at the Kotoka International Airport (KIA).

Following his detention, Attorney General Dr Dominic Akuritinga Ayine revealed at a press conference on Monday, March 24, 2025, a list of properties acquired by both suspects since 2018.

This, he said, was established through painstaking investigations by the EOCO and the AG’s office, indicating that the properties acquired were bought using embezzled state funds.

Below is a breakdown of the properties and their estimated values under the couple’s names below:

1. No. 2 stream part drive, Mayfair Estates, LA, Accra which is estimated at $1,000,000 (valued at GH¢15,000,000)

2. No. 6 Edith Avenue, Mayfair Estates, LA, Accra

3. No. 7 Edith Avenue, Mayfair Estates, LA, Accra estimated at a value of $200,000

4. No. 8 Edith Avenue, Mayfair Estates LA, Accra estimated at a value of $97,815

5. No. 9 Edith Avenue, Mayfair Estates LA, Accra also valued at $270,000

6. No. 10 Edith Avenue, Mayfair Estates LA, Accra at $150,000, Additionally, another initial cash deposit of $500,000 was made to purchase 5 houses.

7. Vertex properties at Oyarifa Gated Estate Development. This consists of 27 houses each valued at an estimated cost of $295,000 (GH¢127,000,000).

8. Two properties in London
===========er disclosed that an amount of up to GH¢39 million was allegedly diverted and embezzled by the suspects from the agency.

"GH¢39,462,480 went into Adu-Boahene and his wife's pockets from one transaction===========================================
===--==-
See full list of properties allegedly acquired by former NAFCO CEO
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Former NAFCO CEO, Abdul-Wahab Hanan is at the centre of fresh corruption related matters
The Attorney General and Minister of Justice, Dr Dominic Akuritinga Ayine, has disclosed that the former Chief Executive Officer of the National Food and Buffer Stock Company (NAFCO), Abdul-Wahab Hanan, is at the centre of a major corruption investigation involving the alleged acquisition of high-value assets with state funds.

LIVESTREAMED: Attorney General provides new updates on ORAL cases

Speaking at the Government Accountability Series in Accra on Wednesday, October 22, 2025, Dr Ayine said investigators from the Economic and Organised Crime Office (EOCO) have traced several luxury properties and suspicious bank transactions linked to Abdul-Wahab, believed to have been financed with proceeds of crime.

“Investigators from the Economic and Organised Crime Office (EOCO) have traced several properties and bank transactions linked to Abdul-Wahab, which they believe were funded through illicit means,” he said.

The former NAFCO boss was arrested with his wife on June 25, 2025, and detained by EOCO for two weeks before being granted bail in the sum of GH¢60 million with two sureties.

His wife was released earlier on a GH¢30 million bail.

While the opposition New Patriotic Party (NPP) has criticised the bail conditions as excessively harsh and politically motivated, Dr Ayine maintained that the government remains committed to enforcing accountability and the rule of law.

He disclosed that assets allegedly acquired with misappropriated funds include a five-bedroom house at Chain Homes, valued at $1.625 million; a three-bedroom residence at Cantonments purchased for $600,000; plots of land at Airport Development Area worth $750,000; a 17-bedroom boutique hotel in Gumani, Tamale valued at $250,000; a four-bedroom bungalow at Dzorwulu valued at GH¢4.14 million; and a 0.32-acre parcel of government land purchased for GH¢307,200.

Dr Ayine assured that all assets proven to have been purchased with stolen funds will be confiscated in line with the law.

See the list below

MRA/AE

=========================
3087
K. Opoku-London-UK 2 months ago

Eugene Arhin===IT WAS THE NPP POLICY OF BORROW AND STEAL AND STEAL- 52 AKUFFO ADDO FAMILY MEMBERS IN HIS GOVERNMENT- THAT FAMILY CAME TO STEAL FOR THEIR FUTURE GENERATIONS-AKYEM ABUAKWA THIEVES
Bawumia was the Chairman of th ...
read full comment

Eugene Arhin===IT WAS THE NPP POLICY OF BORROW AND STEAL AND STEAL- 52 AKUFFO ADDO FAMILY MEMBERS IN HIS GOVERNMENT- THAT FAMILY CAME TO STEAL FOR THEIR FUTURE GENERATIONS-AKYEM ABUAKWA THIEVES
Bawumia was the Chairman of the Ghana National Economic Management Committee but he says that he was the Drivers Mate. How can a driver's mate do this when he claims he never had the chance to implement anything in government because the powers that be did not allow him. Yet he wants to claim credit for any good things that he never did yet will refuse to accept responsibility for any failure in their government. How stupid does this man think we are? You took the cedi from 4 to 17 and still had the audacity to tell us the rate of depreciation at that time was better than the previous NDC administration. What at all does this man take us for? Does he think we're stupid or what? Someone should tell this man that we haven't forgotten about the DDEP haircuts and surely we shall punish the npp again come 2028.
Eugene Arhin was the Director of Communications at the Presidency under Nana Akufo-Addo for the 8 years he was in office.

In 2021, a divorce case with his wife made it into the public, where his wife was demanding for certain reliefs in the separation process.

As part of the things she listed, she made mention of some of the properties owned by Eugene Arhin and these revelations, in the eyes of the public, generated a lot of conversations.

For many, did the Director of Communications at the Presidency, Eugene Arhin, amass all that in a space of four years, or during his time in public office?

Gloria Assan Arhin, his wife at the time, prayed the Accra High Court to grant her divorce request and also give her a number of properties, including a five-bedroom residential property (which was intended to be the matrimonial home of the parties) situated on a two-plot of land lying at East Legon in Accra; a four-storey building comprising 16 separate flats/apartments situated on a parcel of land at Bubiashie in Accra which land was acquired from a family friend of the petitioner.

She also asked for a storey building being constructed which comprised of 16 separate flats/apartments situated at Tuba-Weija in Accra.

These were but just three of the over twenty properties she sought after as part of the divorce.

Kwadwo Owusu Afriyie (Sir John)

Sir John, a former General Secretary of the New Patriotic Party (NPP), became the Chief Executive Officer of the Forestry Commission of Ghana until his death.

After his death, his will became public, generating another widespread conversation among Ghanaians. It involved a tall list of 75 properties, including houses, parcels of land, bank accounts, investments, businesses, guns and clothes.

His will also raised public concerns following the discovery that he owned lands at the Achimota Forest. This was also because President Akufo-Addo had, at the time, signed an Executive Instrument that said part of the Achimota Forest was no longer a forest reserve.

Critics said the move was a ploy to get the land into the hands of the ruling elite, an accusation the government vehemently denied.

Sir John’s ownership of parcels of lands at the Achimota Forest appeared to have heightened the deep-seated mistrust of the government and its actions.

Below are the properties as listed in the will of the late Sir John:

House on plot number GA54480 located in Ogbojo, East Legon, and acquired on February 12, 2018

House on plot number GA 55329 located at Oyarifa No. 2, acquired on May 11, 2018

House plot number GA 55475 located at Oyarifa No.1, acquired on September 27, 2017

House on plot number GA 5881 located at Adjiringanor, Accra, (white House), acquired on August 7, 2019.

A 6-bedroom house located at Patangbe, Ogbojo, near East Legon.

A 4-bedroom house located in Mempeheusem, East Legon

A 3-bedroom house on plot number TDA 4140 located in Mempehuesem, East Legon

Another 3-bedroom house on plot number TDA 4140 located in Mempehuesem, East Legon

A 4-bedroom house on plot number GA56838 located in East Legon and acquired on October 25, 2018

A 5-bedroom house located in Sakora Wonoo

A 4-storey building located in East Legon, with 10 apartments, each apartment consisting of 3-bedrooms; and five apartments, each consisting of two bedrooms.

LANDS

Two plots of land located in Ahenema Kokoben in the Ashanti Region

Two plots of land with registration number GA56921 located in Oyarifa, which were acquired on November 6, 2018.

A 5.541-acre land located in Achimota Forest held in the name of Jakaypros Limited

A 0.987-acre land located in Achimota Forest held in the name of Fasoh Limited

Unspecified piece of land located in the Achimota Forest jointly owned with Charles Owusu

An unspecified piece of land held in the name of DML located in the Achimota forest

A 5.07-acre land at the Ramsar site, Sakumono

Five plots of land located at Millenium city, Kasoa

One plot of land with certificate number GA60802, located at Mempeheusem, East Legon, acquired on December 13, 2019.

Two plots of land approximately of 0.40acres located at No.7 ARS Lane, Ogbojo, near East legon

One plot of land near the Chain Homes Estate at East Airport Hills.

A piece of land numbered plot 139 located within the Adentaman District (aka Aviation land).

PRIVATE VEHICLES

Lexus LX570 25. Ford Fusion

Lexus V6

Nissan Titan Pick Up V8

Mercedes Benz E68 Sport AMG

Honda Pilot V6

Honda Accord Sport

Toyota Landcruiser V8

Ford 150

Honda Accord 2.0 Touring

Toyota Rav 4, 2019 model

Chevrolet Cruze

Lexus Saloon Car, 2019 model

GUNS

Five pump-action guns

Clothing

BANK ACCOUNTS

National Investment Bank, account no. 1802092960501

CBG, account no. 0302239130003

GT Bank- in the name of Ruth Korkor Odonkor

GT Bank-in the name of Kwadwo Owusu Afriyie

Fidelity Bank, account no. 1060032907210

ADB, in the name of Jakaypros Limited

United States Bank, Wells Fargo, in the name of Kwadwo Owusu Afriyie

Canadian Bank Account, Royal Bank, in the name of Kwadwo Owusu Afriyie INVESTMENTS

ADB: Two million cedis (2,000,000.00), expected to mature in April 2020.

Two hundred and fifty thousand Ghana cedis (GHc 250,000) with NTHC which stood at GHc 303,720.22 as at July 31, 2019.

Joint gold production investment with Francis Owusu Joint ownership in gold production investment with:

ROTL,

FASOH

MBL HOSPITAL

Afriyie Memorial Hospital, located at Sakora Wonoo OTHER BUSINESSES

A fuel Station located at Kentinkrono in the Ashanti region

Fuel tanker vehicles (10 in number)

One teak plantation located at Nkawie in the Ashanti Region

Rubber plantation located in the Eastern Region

Stalls located at the new Kejetia market, Kumasi (3 in number)

Farms at Ejura in the Ashanti Region.

Kwabena Adu-Boahene

The last person in this list of Akufo-Addo appointees whose wealth have courted public conversations is the former Director-General of the National Signals Bureau, Kwabena Adu-Boahene.

He and his wife, Angela Adjei-Boateng, were recently detained by the Attorney General’s office following his arrest at the Kotoka International Airport (KIA).

Following his detention, Attorney General Dr Dominic Akuritinga Ayine revealed at a press conference on Monday, March 24, 2025, a list of properties acquired by both suspects since 2018.

This, he said, was established through painstaking investigations by the EOCO and the AG’s office, indicating that the properties acquired were bought using embezzled state funds.

Below is a breakdown of the properties and their estimated values under the couple’s names below:

1. No. 2 stream part drive, Mayfair Estates, LA, Accra which is estimated at $1,000,000 (valued at GH¢15,000,000)

2. No. 6 Edith Avenue, Mayfair Estates, LA, Accra

3. No. 7 Edith Avenue, Mayfair Estates, LA, Accra estimated at a value of $200,000

4. No. 8 Edith Avenue, Mayfair Estates LA, Accra estimated at a value of $97,815

5. No. 9 Edith Avenue, Mayfair Estates LA, Accra also valued at $270,000

6. No. 10 Edith Avenue, Mayfair Estates LA, Accra at $150,000, Additionally, another initial cash deposit of $500,000 was made to purchase 5 houses.

7. Vertex properties at Oyarifa Gated Estate Development. This consists of 27 houses each valued at an estimated cost of $295,000 (GH¢127,000,000).

8. Two properties in London
===========er disclosed that an amount of up to GH¢39 million was allegedly diverted and embezzled by the suspects from the agency.

"GH¢39,462,480 went into Adu-Boahene and his wife's pockets from one transaction===========================================
===--==-
See full list of properties allegedly acquired by former NAFCO CEO
« Prev
Next »
Comments (62)
Listen to Article
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Former NAFCO CEO, Abdul-Wahab Hanan is at the centre of fresh corruption related matters
The Attorney General and Minister of Justice, Dr Dominic Akuritinga Ayine, has disclosed that the former Chief Executive Officer of the National Food and Buffer Stock Company (NAFCO), Abdul-Wahab Hanan, is at the centre of a major corruption investigation involving the alleged acquisition of high-value assets with state funds.

LIVESTREAMED: Attorney General provides new updates on ORAL cases

Speaking at the Government Accountability Series in Accra on Wednesday, October 22, 2025, Dr Ayine said investigators from the Economic and Organised Crime Office (EOCO) have traced several luxury properties and suspicious bank transactions linked to Abdul-Wahab, believed to have been financed with proceeds of crime.

“Investigators from the Economic and Organised Crime Office (EOCO) have traced several properties and bank transactions linked to Abdul-Wahab, which they believe were funded through illicit means,” he said.

The former NAFCO boss was arrested with his wife on June 25, 2025, and detained by EOCO for two weeks before being granted bail in the sum of GH¢60 million with two sureties.

His wife was released earlier on a GH¢30 million bail.

While the opposition New Patriotic Party (NPP) has criticised the bail conditions as excessively harsh and politically motivated, Dr Ayine maintained that the government remains committed to enforcing accountability and the rule of law.

He disclosed that assets allegedly acquired with misappropriated funds include a five-bedroom house at Chain Homes, valued at $1.625 million; a three-bedroom residence at Cantonments purchased for $600,000; plots of land at Airport Development Area worth $750,000; a 17-bedroom boutique hotel in Gumani, Tamale valued at $250,000; a four-bedroom bungalow at Dzorwulu valued at GH¢4.14 million; and a 0.32-acre parcel of government land purchased for GH¢307,200.

Dr Ayine assured that all assets proven to have been purchased with stolen funds will be confiscated in line with the law.

See the list below

MRA/AE

=========================
9023
K. Opoku-London-UK 2 months ago

===AKUFFO ADDO STOLE GHANA MONEY £900 MILLION POUNDS STERLING

KEN OFORI ATTA STOLE GHANA MONEY £400 MILLION POUNDS STERLING

EDWARD AKUFFO ADDO STOLE GHANA MONEY £350 MILLION POUNDS STERLING

GABBY OTCHERE DARKO STO ...
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===AKUFFO ADDO STOLE GHANA MONEY £900 MILLION POUNDS STERLING

KEN OFORI ATTA STOLE GHANA MONEY £400 MILLION POUNDS STERLING

EDWARD AKUFFO ADDO STOLE GHANA MONEY £350 MILLION POUNDS STERLING

GABBY OTCHERE DARKO STOLE GHANA MONEY £250 MILLION POUNDS STERLING

NAPO STOLE GHANA MONEY £150 MILLION POUNDS STERLING

BAWUMIA STOLE GHANA MONEY £450 MILLION POUNDS STERLING

FREDDIE BLAY AND HIS SON STOLE GHANA MONEY 650 MILLION POUNDS STERLING

YOU BORROWED AND STOLE IT ALL. YOU BORROWED OVER $50 BILLION US DOLLARAHAVE THE NPP FORGOTTEN THE ECONOMIC HARDSHIPS THE NPP VISITED ON GHANAIAN PEOPLE? STEALING OF THE PENSIONERS MONEY, BAWUMIA FAILED ECONOMIC MESSIAH, AKUFFO ADDO REFUSING TO REMOVE HIS COUSIN-KEN OFORI ATTA-DESPITE CAUSING FINANCIAL LOSS TO THE STATE. NPP ARE DREAMERS-GHANA VOTERS ARE NOT FOOLS. REMOVE ALL THE NPP FAILED AND CORRUPT EXECUTIVES WHO ALLOWED TANI AKUFFO ADDO AND HIS FAMILY TO STEAL AND STEAL
Remove Akyem Abuakwa STOOGE Liar Bawumia, The Loser. There should NOT be another Northerner as President because President Mahama has taken that SLOT. We should NOT be afraid of the Northerners-CALL A SPADE, A SPADE. The Northerners are OVER PAMPERED-NPP gets few votes from the North of Ghana and even Bawumia-who is a Northerner could NOT change it.
The LIES that brought the LOSER DRIVERS MATE-BAWUMIA TO THE NPP FLAGBEARERSHIP WAS THAT-BECAUSE HE IS A NORTHERNER-IF HE STANDS WITH PRESIDENT MAHAMA- THE NORTHERN REGIONS OF GHANA WOULD BE DIVIDED BETWEEN BAWUMIA AND PRESIDENT MAHAMA. BUT THE NORTHERN REGIONS OF GHANA VOTED OVERWHELMINGLY FOR PRESIDENT MAHAMA. SO THE DOCTRINE OF BREAKING THE 8 YEARS WAS AN AKYEM ABUAKWA LIES AND TRICKS-THE ILLITERATE CHAIRMAN WONTUMI DID NOT SEE. ASHANTI REGION SHOULD REPLACE BCHAIRMAN WONTUMI BECAUSE YHE IS NOT A STRATEGIC THINKER. ASHANTI REGION SHOULD ALWAYS BE THE KINGMAKER OF THE NPP LEADER BECAUSE OF THE VOLUME OR NUMBER OF VOTES NPP RECEIVES IN THE ASHANTI REGION. NO REGION IN GHANA, GIVE THE NPP THE SAME NUMBER OF VOTES AS THE ASHANTI REGION DOES. SO THERE SHOULD BE WEIGHTED AVERAGE OF VOTES FOR EACH REGION AS PER THE TOTAL NUMBER OF VOTES NPP RECEIVES NATIONALLY.

Factors that contributed to NPP's election loss are:
1. Bad, cruel and reckless policies
2. The inability of the NPP leadership to restrain the ' ka a nka bi syndrome of Akuffo Addo
3. Ken Ofori Atta's OVER SIZED FINANCE MINISTRY WITH OVER REACHING POWERS TO STOP ANY VALUE FOR MONEY PROJECT EXCEPT-CREATE AND LOOT policies-
4. The unrepentant branding of disgruntled members as traitors like ALAN KYEREMATEN
5. The creation and the continuous existence of the Akyem/Kyebi mafia
5. NPP was a galamseyers party and government
6. Reckless borrowing
7. The implementation of the DDEP-STEALING OF POOR GHANA PENSIONERS SAVINGS-VERY DISTATEFUL
8. Divide and rule tactics by Akuffo Addo
9. Christians ganged against a Muslim candidate
10. NNP's betrayal of its grassroots people
11. The " mass stealing syndrome" of the selected and protected elites
12. The neglect of the Ashanti region for the Eastern region-NO PROJECT WAS COMPLETED BY TANI AKUFFO ADDO IN THE ASHANTI REGION-WHO VOTED SKIRT AND BLOUSE TO MAKE HIM PRESIDENT.
13. The pomposity of Akuffo Addo RIDING IN EXPENSIVE PRIVATE JETS and his chosen and protected elites GOING TO EUROPE FOR SHOPPING IN THE PRESIDENTIAL JET
14. Unassertive, weak and chop chop NPP leadership-THE STEALING BRIDGADE
15. The Wontumi factor-ILLITERATE WONTUMI-HE IS NOT A STRATEGIC THINKER-like displaying GOLD BARS ON TV-Womtumi is an IDIOT-Ashantis REMOVE HIM.
16. The imposition and protection of non performing MPs by Akuffo Addo and the elites of the party
17. The " mentumi ne oyi ny3 adwuma mentality of Akuffo Addo
18. The non existence of a fair internal grievance procedure or the hijacking of this machinery by Akuffo Addo
19. The hijacking and the infiltration of non entities and square pegs in round holes in the economic management team of Akuffo Addo and his Akyem mafia
20. The " merengue obiara na merete me ka" posture of Akufo Addo
21. The money na talk syndrome of the party ( moneycracy)
22. ÑPP use communicators who had fallen in favor with its grassroots
23. Communicators could not defend the badly crafted and wickedly intended policies like the DDEP, E-Levy, Agyapa, etc
24. The attempt to use of Covid and Russian- Ukraine war as a cover up for bad and wicked policies- KEN OFORI ATTA BUDGETS-DID NOT HAVE ANY CONTINGENCY MONEY, NO RISK ASSESSMENT WAS CARRIED OUT.
25. Mass fraud and corruption by government people- e.g. EUGENE ARHIN, SIR JOHN, KWABENA ADU BOAHENE
26.Dupping, fraudulent and stealing from proposed but non existed development projects
27. Non performing oversized government, creating job for the boys.
28. No value for money mentality
29. The dollar which was allowed to break the bank. The Ghana cedi lost its value in 2022 under Ken Ofori Atta and the President refused to remove him despite 98 NPP MPs went to see him and he refused to meet them-DICTATORSHIP.
30. Stagflation- high inflation matching stagnant economic growth and unemployment
31. Breakdown of respect for traditional authorities and their people where TANI Akuffo Addo ordered Chiefs to stand when greeting him. What on earth is this liliput, short and ugly Akyem Abuakwa TANI come from?
32. Loose talk by Akuffo Addo- eg, I will not develop the Kwabre community and that no one has lost his thumb and should vote against the party if he or she is dissatisfied. It is only a drug addict who will talk like this and expect his party to win election. He was let loose to speak irresponsibly by the party hierarchy
26. Etc,etc, etc and ect

The reign of President Nana Addo Dankwa Akufo-Addo may have long been over since January 7, 2025, but the very people who helped him during his 8 years in office may not all been enjoying their ‘retirements’ so well, or so quietly.

And this is for reasons aligned to promises and what appears to be a robust aim by the John Dramani Mahama government, which took over from the past one, to prosecute any forms of corruption that arose during the former administration.

These formed part of campaign promises by John Mahama and his National Democratic Congress (NDC), coming into the 2024 Election, and so far, they have been determined on achieving that.

Caught up in that, have been a number of appointees of Akufo-Addo who have ended up several investigations, or, in simple terms, whose names have been linked to controversial wealth that people believe may be, somehow, corruption related.

In this GhanaWeb article, let us take a look at some of the appointees under Akufo-Addo whose wealth came into question, generating national conversations.

In each of these cases, something happened that brought their cases into the public light, prompting national discussions and great interest.

Eugene Arhin

Eugene Arhin was the Director of Communications at the Presidency under Nana Akufo-Addo for the 8 years he was in office.

In 2021, a divorce case with his wife made it into the public, where his wife was demanding for certain reliefs in the separation process.

As part of the things she listed, she made mention of some of the properties owned by Eugene Arhin and these revelations, in the eyes of the public, generated a lot of conversations.

For many, did the Director of Communications at the Presidency, Eugene Arhin, amass all that in a space of four years, or during his time in public office?

Gloria Assan Arhin, his wife at the time, prayed the Accra High Court to grant her divorce request and also give her a number of properties, including a five-bedroom residential property (which was intended to be the matrimonial home of the parties) situated on a two-plot of land lying at East Legon in Accra; a four-storey building comprising 16 separate flats/apartments situated on a parcel of land at Bubiashie in Accra which land was acquired from a family friend of the petitioner.

She also asked for a storey building being constructed which comprised of 16 separate flats/apartments situated at Tuba-Weija in Accra.

These were but just three of the over twenty properties she sought after as part of the divorce.

Kwadwo Owusu Afriyie (Sir John)

Sir John, a former General Secretary of the New Patriotic Party (NPP), became the Chief Executive Officer of the Forestry Commission of Ghana until his death.

After his death, his will became public, generating another widespread conversation among Ghanaians. It involved a tall list of 75 properties, including houses, parcels of land, bank accounts, investments, businesses, guns and clothes.

His will also raised public concerns following the discovery that he owned lands at the Achimota Forest. This was also because President Akufo-Addo had, at the time, signed an Executive Instrument that said part of the Achimota Forest was no longer a forest reserve.

Critics said the move was a ploy to get the land into the hands of the ruling elite, an accusation the government vehemently denied.

Sir John’s ownership of parcels of lands at the Achimota Forest appeared to have heightened the deep-seated mistrust of the government and its actions.

Below are the properties as listed in the will of the late Sir John:

House on plot number GA54480 located in Ogbojo, East Legon, and acquired on February 12, 2018

House on plot number GA 55329 located at Oyarifa No. 2, acquired on May 11, 2018

House plot number GA 55475 located at Oyarifa No.1, acquired on September 27, 2017

House on plot number GA 5881 located at Adjiringanor, Accra, (white House), acquired on August 7, 2019.

A 6-bedroom house located at Patangbe, Ogbojo, near East Legon.

A 4-bedroom house located in Mempeheusem, East Legon

A 3-bedroom house on plot number TDA 4140 located in Mempehuesem, East Legon

Another 3-bedroom house on plot number TDA 4140 located in Mempehuesem, East Legon

A 4-bedroom house on plot number GA56838 located in East Legon and acquired on October 25, 2018

A 5-bedroom house located in Sakora Wonoo

A 4-storey building located in East Legon, with 10 apartments, each apartment consisting of 3-bedrooms; and five apartments, each consisting of two bedrooms.

LANDS

Two plots of land located in Ahenema Kokoben in the Ashanti Region

Two plots of land with registration number GA56921 located in Oyarifa, which were acquired on November 6, 2018.

A 5.541-acre land located in Achimota Forest held in the name of Jakaypros Limited

A 0.987-acre land located in Achimota Forest held in the name of Fasoh Limited

Unspecified piece of land located in the Achimota Forest jointly owned with Charles Owusu

An unspecified piece of land held in the name of DML located in the Achimota forest

A 5.07-acre land at the Ramsar site, Sakumono

Five plots of land located at Millenium city, Kasoa

One plot of land with certificate number GA60802, located at Mempeheusem, East Legon, acquired on December 13, 2019.

Two plots of land approximately of 0.40acres located at No.7 ARS Lane, Ogbojo, near East legon

One plot of land near the Chain Homes Estate at East Airport Hills.

A piece of land numbered plot 139 located within the Adentaman District (aka Aviation land).

PRIVATE VEHICLES

Lexus LX570 25. Ford Fusion

Lexus V6

Nissan Titan Pick Up V8

Mercedes Benz E68 Sport AMG

Honda Pilot V6

Honda Accord Sport

Toyota Landcruiser V8

Ford 150

Honda Accord 2.0 Touring

Toyota Rav 4, 2019 model

Chevrolet Cruze

Lexus Saloon Car, 2019 model

GUNS

Five pump-action guns

Clothing

BANK ACCOUNTS

National Investment Bank, account no. 1802092960501

CBG, account no. 0302239130003

GT Bank- in the name of Ruth Korkor Odonkor

GT Bank-in the name of Kwadwo Owusu Afriyie

Fidelity Bank, account no. 1060032907210

ADB, in the name of Jakaypros Limited

United States Bank, Wells Fargo, in the name of Kwadwo Owusu Afriyie

Canadian Bank Account, Royal Bank, in the name of Kwadwo Owusu Afriyie INVESTMENTS

ADB: Two million cedis (2,000,000.00), expected to mature in April 2020.

Two hundred and fifty thousand Ghana cedis (GHc 250,000) with NTHC which stood at GHc 303,720.22 as at July 31, 2019.

Joint gold production investment with Francis Owusu Joint ownership in gold production investment with:

ROTL,

FASOH

MBL HOSPITAL

Afriyie Memorial Hospital, located at Sakora Wonoo OTHER BUSINESSES

A fuel Station located at Kentinkrono in the Ashanti region

Fuel tanker vehicles (10 in number)

One teak plantation located at Nkawie in the Ashanti Region

Rubber plantation located in the Eastern Region

Stalls located at the new Kejetia market, Kumasi (3 in number)

Farms at Ejura in the Ashanti Region.

Kwabena Adu-Boahene

The last person in this list of Akufo-Addo appointees whose wealth have courted public conversations is the former Director-General of the National Signals Bureau, Kwabena Adu-Boahene.

He and his wife, Angela Adjei-Boateng, were recently detained by the Attorney General’s office following his arrest at the Kotoka International Airport (KIA).

Following his detention, Attorney General Dr Dominic Akuritinga Ayine revealed at a press conference on Monday, March 24, 2025, a list of properties acquired by both suspects since 2018.

This, he said, was established through painstaking investigations by the EOCO and the AG’s office, indicating that the properties acquired were bought using embezzled state funds.

Below is a breakdown of the properties and their estimated values under the couple’s names below:

1. No. 2 stream part drive, Mayfair Estates, LA, Accra which is estimated at $1,000,000 (valued at GH¢15,000,000)

2. No. 6 Edith Avenue, Mayfair Estates, LA, Accra

3. No. 7 Edith Avenue, Mayfair Estates, LA, Accra estimated at a value of $200,000

4. No. 8 Edith Avenue, Mayfair Estates LA, Accra estimated at a value of $97,815

5. No. 9 Edith Avenue, Mayfair Estates LA, Accra also valued at $270,000

6. No. 10 Edith Avenue, Mayfair Estates LA, Accra at $150,000, Additionally, another initial cash deposit of $500,000 was made to purchase 5 houses.

7. Vertex properties at Oyarifa Gated Estate Development. This consists of 27 houses each valued at an estimated cost of $295,000 (GH¢127,000,000).

8. Two properties in London

The AG further disclosed that an amount of up to GH¢39 million was allegedly diverted and embezzled by the suspects from the agency.

"GH¢39,462,480 went into Adu-Boahene and his wife's pockets from one transaction========================--------------------------------
See full list of properties allegedly acquired by former NAFCO CEO
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Former NAFCO CEO, Abdul-Wahab Hanan is at the centre of fresh corruption related matters
The Attorney General and Minister of Justice, Dr Dominic Akuritinga Ayine, has disclosed that the former Chief Executive Officer of the National Food and Buffer Stock Company (NAFCO), Abdul-Wahab Hanan, is at the centre of a major corruption investigation involving the alleged acquisition of high-value assets with state funds.

LIVESTREAMED: Attorney General provides new updates on ORAL cases

Speaking at the Government Accountability Series in Accra on Wednesday, October 22, 2025, Dr Ayine said investigators from the Economic and Organised Crime Office (EOCO) have traced several luxury properties and suspicious bank transactions linked to Abdul-Wahab, believed to have been financed with proceeds of crime.

“Investigators from the Economic and Organised Crime Office (EOCO) have traced several properties and bank transactions linked to Abdul-Wahab, which they believe were funded through illicit means,” he said.

The former NAFCO boss was arrested with his wife on June 25, 2025, and detained by EOCO for two weeks before being granted bail in the sum of GH¢60 million with two sureties.

His wife was released earlier on a GH¢30 million bail.

While the opposition New Patriotic Party (NPP) has criticised the bail conditions as excessively harsh and politically motivated, Dr Ayine maintained that the government remains committed to enforcing accountability and the rule of law.

He disclosed that assets allegedly acquired with misappropriated funds include a five-bedroom house at Chain Homes, valued at $1.625 million; a three-bedroom residence at Cantonments purchased for $600,000; plots of land at Airport Development Area worth $750,000; a 17-bedroom boutique hotel in Gumani, Tamale valued at $250,000; a four-bedroom bungalow at Dzorwulu valued at GH¢4.14 million; and a 0.32-acre parcel of government land purchased for GH¢307,200.

Dr Ayine assured that all assets proven to have been purchased with stolen funds will be confiscated in line with the law.

See the list below

MRA/AE
See full list of properties allegedly acquired by former NAFCO CEO
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Comments (62)
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Former NAFCO CEO, Abdul-Wahab Hanan is at the centre of fresh corruption related matters
The Attorney General and Minister of Justice, Dr Dominic Akuritinga Ayine, has disclosed that the former Chief Executive Officer of the National Food and Buffer Stock Company (NAFCO), Abdul-Wahab Hanan, is at the centre of a major corruption investigation involving the alleged acquisition of high-value assets with state funds.

LIVESTREAMED: Attorney General provides new updates on ORAL cases

Speaking at the Government Accountability Series in Accra on Wednesday, October 22, 2025, Dr Ayine said investigators from the Economic and Organised Crime Office (EOCO) have traced several luxury properties and suspicious bank transactions linked to Abdul-Wahab, believed to have been financed with proceeds of crime.

“Investigators from the Economic and Organised Crime Office (EOCO) have traced several properties and bank transactions linked to Abdul-Wahab, which they believe were funded through illicit means,” he said.

The former NAFCO boss was arrested with his wife on June 25, 2025, and detained by EOCO for two weeks before being granted bail in the sum of GH¢60 million with two sureties.

His wife was released earlier on a GH¢30 million bail.

While the opposition New Patriotic Party (NPP) has criticised the bail conditions as excessively harsh and politically motivated, Dr Ayine maintained that the government remains committed to enforcing accountability and the rule of law.

He disclosed that assets allegedly acquired with misappropriated funds include a five-bedroom house at Chain Homes, valued at $1.625 million; a three-bedroom residence at Cantonments purchased for $600,000; plots of land at Airport Development Area worth $750,000; a 17-bedroom boutique hotel in Gumani, Tamale valued at $250,000; a four-bedroom bungalow at Dzorwulu valued at GH¢4.14 million; and a 0.32-acre parcel of government land purchased for GH¢307,200.

Dr Ayine assured that all assets proven to have been purchased with stolen funds will be confiscated in line with the law.

See the list below

MRA/AE
v
=========================
55555555555555555555555555
Wise Man. 2 months ago

Idiot.

Idiot.
Bibini 2 months ago

SHAMELESS IDIOTS

SHAMELESS IDIOTS
Koboko 2 months ago

Is this man speaking from his brain? Absolute balderdash

Is this man speaking from his brain? Absolute balderdash
Demetrius 2 months ago

Dr Amin what did you do when BOG secretly printed billions of Ghana money to support the economy. These monies was shared amongst your party members and cohorts. No wonder your party's presidential fee is 4 million cedis. If ...
read full comment

Dr Amin what did you do when BOG secretly printed billions of Ghana money to support the economy. These monies was shared amongst your party members and cohorts. No wonder your party's presidential fee is 4 million cedis. If this is not thievery and stealing then I don't know how to call it. Cedi to dollar is now 10.97, which you and your party are enjoying happily. We are happy it is not 15 cedis to the dollar.
Roland 2 months ago

I know this guy’s religion doesn’t permit him to take in any substance, but I believe he secretly took in something this morning before coming out to spew this rubbish. Why didn’t he and his runaway Ken Ofori Atta do it ...
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I know this guy’s religion doesn’t permit him to take in any substance, but I believe he secretly took in something this morning before coming out to spew this rubbish. Why didn’t he and his runaway Ken Ofori Atta do it in eight years if it was that easy?
Demetrius 2 months ago

Dr Amin what did you do when BOG secretly printed billions of Ghana money to support the economy. The monies were shared amongst your party members and cohorts as if there was no tomorrow. If these monies had been used to sup ...
read full comment

Dr Amin what did you do when BOG secretly printed billions of Ghana money to support the economy. The monies were shared amongst your party members and cohorts as if there was no tomorrow. If these monies had been used to support the economy by now the cedi would have been 1 cedi to the dollar. You see the harm you people have caused Ghanaians?

No wonder your party's presidential fee is 4 million cedis. If this is not thievery and stealing then I don't know how to call it. Cedi to dollar is now 10.97, which you and your party are enjoying happily. We are happy it is not 15 cedis to the dollar.
JACK TORONTO 2 months ago

TWEAAAAAAAAAAAAAAAAAAAAAAAAAAAAA.

TWEAAAAAAAAAAAAAAAAAAAAAAAAAAAAA.
FunnyGhana 2 months ago

You the guy who could not manage at 16 to a $ and with 40 member board set up to study the cedi weakness!! Now they have brought it to 10-11 and you are saying what !! Keep that dramatic voice with no substance to yourself.

You the guy who could not manage at 16 to a $ and with 40 member board set up to study the cedi weakness!! Now they have brought it to 10-11 and you are saying what !! Keep that dramatic voice with no substance to yourself.
Abili 2 months ago

So these people still get the balls to talk about cedi appreciation

So these people still get the balls to talk about cedi appreciation
Alkabulan 2 months ago

What is the meaning of being Ghanaian journalists, they are just useless to ask a common question. What was Ghana currencies when npp in power for 8 years.

What is the meaning of being Ghanaian journalists, they are just useless to ask a common question. What was Ghana currencies when npp in power for 8 years.
Thief of Staff - Akosua Frema 2 months ago

Why didn't you do that as a minister for finance? Ugly, useless, senseless, shameless, gormless, lawless, corrupt, ignorant, arrogant and primitive fool. Kwasiaa buuluubuuluuu.

Why didn't you do that as a minister for finance? Ugly, useless, senseless, shameless, gormless, lawless, corrupt, ignorant, arrogant and primitive fool. Kwasiaa buuluubuuluuu.
Thief of Staff - Akosua Frema 2 months ago

So, we should build a huge reserve and leave the cedi get diarrhea against the dollar? Isn't it best to run the two effectively and efficiently? Before you left office, reserve was 6 billion with the cedi at 16.45 to the doll ...
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So, we should build a huge reserve and leave the cedi get diarrhea against the dollar? Isn't it best to run the two effectively and efficiently? Before you left office, reserve was 6 billion with the cedi at 16.45 to the dollar. Now, it's 11 billion with the cedi at 10.95 to the dollar. Amin, you are a big fool.
Truth 2 months ago

Hahaha...no sense of shame! Smh

Hahaha...no sense of shame! Smh
Evans 2 months ago

Nppfo) ne gyimi de3 no no no

Nppfo) ne gyimi de3 no no no
Kora 2 months ago

What a joke !

What a joke !
Boss 2 months ago

You left it at 17 cedi to 1 dollar. You have nothing to offer. Keep quiet.

You left it at 17 cedi to 1 dollar. You have nothing to offer. Keep quiet.
Kanewu 2 months ago

another salah cow .

another salah cow .
Good Citizen 2 months ago

Amin will you SHUT UP. Was there no Bank of Ghana in your time? and what did you do? Foolish talks all the time. If you guys know how annoying you are with such comments, you would have kept quiet.

Amin will you SHUT UP. Was there no Bank of Ghana in your time? and what did you do? Foolish talks all the time. If you guys know how annoying you are with such comments, you would have kept quiet.
Boat STOP THAT NONSENSE. 2 months ago

You choose to steal the dollars and kept it under your beds and slept on them and we all suffered for eight years.
This one the dollars are on the market and we are all enjoying the benefits including you criminals and you t ...
read full comment

You choose to steal the dollars and kept it under your beds and slept on them and we all suffered for eight years.
This one the dollars are on the market and we are all enjoying the benefits including you criminals and you talk foolishly.

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We expected cedi to trade at GH¢8 per $1 after heavy BoG interventions - Minority

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