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Inside the $1.6M "Buffer Stock" Mansion: A Visual Symbol of Ghana's Corruption Scandal

Sun, 26 Oct 2025 Source: Okine Isaac

A video has just surfaced, and it’s putting a roof and walls on the grave allegations rocking Ghana's political sphere. The clip, shared by Ghana Chronicles, offers a public glimpse into the luxurious $1.6 million home of Abdul-Wahab Hanan, the former CEO of the National Food Buffer Stock Company, who stands at the center of a massive corruption scandal.

This isn't just a property feature; it's allegedly a monument to misappropriated state funds, and it has ignited a firestorm of public anger.

The House and The Allegations: A Breakdown

The viral video shows the exterior of the five-bedroom house at Chain Homes. But this property is just one piece of a sprawling puzzle of high-value assets that the Attorney General, Dr. Dominic Ayine, alleges were bought with "ill-got wealth."

In a detailed press briefing, Dr. Ayine laid out a stunning pattern of acquisitions, tracing funds from the Buffer Stock Company through a web of companies and cash payments. Here’s a snapshot of the properties linked to the couple:

The $1.6M Chain Homes Mansion: Purchased between 2019 and 2020 for $1,625,000. A direct payment of over GHS 5.7 million (approx. $230,841) was allegedly made from the accounts of "invested entities," with the balance paid in cash.

$600,000 Cantonments House: A 3-bedroom home bought in July 2020 using two of their companies, Fa-Hausa Ventures and Fa-Hausa Company Limited. The land is registered in the wife’s name.

Airport Site Development (Valued at ~$2.5M): The couple purchased plots for $750,000 in cash in the wife's name. They then commissioned a shell construction for nearly $700,000, with designs from a South African firm. The completed building is now estimated to be worth around $2.5 million.

Government Land Grab: In a particularly brazen move, the couple allegedly acquired 0.32 acres of government land through a known agent, Anthony Duke Essien. The land was bought from the government for GHS 307,200 and instantly sold to Hanan for GHS 2,567,000, with payments allegedly funneled from "criminal proceeds." The lease was initially in Hanan's name before being swiftly transferred to his wife.

The Attorney General has since frozen all these assets, with the intent to have them confiscated by the state.

Public Outcry: Ghanaians React to the "Symbol of Impunity"

The video of the mansion has served as a catalyst, confirming the public's worst suspicions about corruption. The reaction online has been one of fury and resignation.

One netizen captured the sentiment perfectly: “How can you hold a public office for 8 years and build a house like this, then expect not to be investigated? Where do you get the money? If not for corruption and a bad system, most public servants would be in jail for how they steal with impunity.”

Another comment highlighted the scale of the problem, suggesting this is just the tip of the iceberg: “This is just an ordinary head of a State-Owned Enterprise or agency! Imagine cabinet ministers and people close to Nana Addo!! The last 8 years saw merciless rape of the public purse!”

A third reaction pointed to a betrayal of public trust: “Herrrr.. come to think of it, anyone in such a position should rather live a moderate and simple life. Did he even understand the meaning of the position? Akuffo Addo and his appointees really ripped off this country.”

A Nation Demands Accountability

The video of the $1.6 million house is more than just a viral clip; it's a stark, tangible symbol of the allegations that have plagued the administration. For many Ghanaians, it’s a clear picture of where public funds have allegedly ended up—not in serving the people, but in building private empires.

As the legal proceedings move forward, this mansion and the other properties will stand as a public test of Ghana's ability to hold the powerful accountable and reclaim what was allegedly stolen.

https://x.com/_GhChronicles/status/1982166080844869833

Source: Okine Isaac