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Attorney General charges Chairman Wontumi and two others over alleged GH¢18.7 million Ghana Exim Bank fraud
The Office of the Attorney General has charged Bernard Antwi-Boasiako, popularly known as Chairman Wontumi, and two others over the alleged fraudulent acquisition of funds from the Ghana Export-Import Bank for a farming project.
The charges were brought against Chairman Wontumi, Thomas Antwi-Boasiako, who is currently at large, and Wontumi Farms Limited.
According to court documents released by the Attorney General’s office, Chairman Wontumi, identified as the first accused person, allegedly approached the Ghana Exim Bank in January 2018 for financial support to undertake a large-scale farming project.
The prosecution said he applied for a GH¢19 million facility on behalf of Wontumi Farms Limited and claimed that the company had secured a 100,000-acre parcel of land for the proposed farming venture.
The Attorney General alleged that documents submitted together with the application contained false information.
According to the prosecution, one of the documents presented as a board resolution letter was dated January 23, 2018, but referred to a board resolution supposedly passed on December 9, 2017, four days before the company was officially incorporated on December 14, 2017.
The prosecution further stated that the accused persons also submitted a project proposal claiming that 2,500 hectares of the proposed farm would employ about 6,000 families, representing nearly 38,000 individuals.
Court documents indicate that the Ghana Exim Bank later approved an GH¢18.7 million facility made up of loans and grants for the project.
The facility was reportedly intended for the purchase of agricultural machinery, working capital, staff costs and consultancy services.
According to investigators, the bank disbursed more than GH¢14.3 million to the company between January and March 2018.
However, investigations by the Economic and Organised Crime Office of the Attorney General allegedly found that the proposed farming activities were never carried out.
The prosecution said the accused persons neither purchased the agricultural machinery nor secured the land they claimed to own for the project.
Investigators also alleged that Chairman Wontumi later submitted a document to the bank as proof that the company had purchased agricultural machinery worth GH¢4 million.
However, investigations reportedly established that the document was originally a pro-forma invoice from KAS-SAMA Enterprise and not an actual receipt.
According to the Attorney General’s office, the inscription “Pro-forma Invoice” was allegedly altered and replaced with the word “Receipt” before it was submitted to the bank.
The prosecution further alleged that Chairman Wontumi withdrew large sums from the company’s accounts and used the funds for personal expenses and investments in other businesses.
The Attorney General stated that attempts by the bank to recover the money were unsuccessful.
The Economic and Organised Crime Office reportedly began investigations into the matter in March 2025.
Chairman Wontumi was later arrested, cautioned and officially charged on May 14, 2026.
By: Jacob Aggrey
The Ghana Gold Board (GoldBod) says it generated US$1.011 billion in foreign exchange from its artisanal and small-scale mining (ASM) gold trade operations in October 2026.
According to the GoldBod, the entire amount was sold to authorised commercial banks through its GoldBod GoFX platform to support stability in the foreign exchange market.
In an announcement issued on Monday, November 2, the Board projected to generate US$1.2 billion in foreign exchange from its ASM gold trade operations in November.
It added that US$800 million of the projected amount would be made available to commercial banks to support foreign exchange market stability.
GoldBod said the sales would be conducted through its GoFX platform in line with the approved FX Sales and Intermediation Framework to ensure transparency, fairness and regulatory compliance.
The Board reaffirmed its commitment to generating foreign exchange for the country and supporting the Bank of Ghana’s foreign reserve accumulation under the Ghana Accelerated National Reserve Accumulation Policy (GANRAP).
By: Jacob Aggrey
The New Patriotic Party (NPP) has opened applications for members interested in contesting as its parliamentary candidates in the 2028 general elections.
In a statement issued on Thursday, October 29, 2026, the party said interested members must declare their intention to contest between Sunday, November 1, and Tuesday, November 10, 2026.
According to the statement signed by the party’s Communications Director, Dennis Miracles Aboagye, prospective candidates must complete an online form within the specified period.
The party said a non-refundable application fee of GH¢5,000 would be charged to each prospective candidate.
It added that all applicants would undergo vetting and screening to determine their eligibility to contest on the party’s ticket.
The NPP announced plans to organise capacity-building workshops for prospective candidates in December 2026. The workshops will be held across the Northern, Middle and Southern zones, with details of the venues to be announced later.
The party stressed that the guidelines would apply to all prospective candidates, including sitting NPP Members of Parliament who wish to contest again.
It further warned aspirants against starting campaign activities following the opening of the application process.
According to the statement, the existing directive prohibiting campaign activities remains in force until the party gives official clearance.
It cautioned that anyone who violates the directive would face appropriate sanctions under the party’s constitution and regulations.
The NPP said the process was designed to promote fairness, transparency and equal opportunities for all aspirants as it prepares to select candidates for all 276 constituencies ahead of the 2028 elections.
It urged prospective candidates to follow the guidelines and conduct themselves with discipline and respect for one another throughout the process.
The party said its broader objective was to strengthen unity within its ranks and rebuild public confidence ahead of the 2028 general elections.
By: Jacob Aggrey
