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Dr. Nana Owusu Ensaw affirms ACCP research on Kwahu Business Culture
The founder and owner of The Platinum Bay Hotel, Dr. Nana Owusu Ensaw, has affirmed findings by the African Chamber of Content Producers (ACCP) that Kwahu people are systematically trained and culturally oriented toward business from an early age.
In an interview with journalists who visited his “Movie in the Park” event at Abokobi and sought his opinion on the ACCP research findings as an indigene of Kwahu, Dr. Ensaw said many people wrongly associate the wealth of Kwahu people with suspicious activities because they do not understand the community’s deep-rooted business culture.
According to him, business and trading have always been part of the upbringing of many Kwahu families long before modern concepts such as entrepreneurship and investment became popular.
“We, the people of Kwahu, were raised with a natural instinct for business. Buying and selling is part of our upbringing,” he stated.
Dr. Ensaw explained that many Kwahu children are introduced to business activities at an early age and often learn trading skills from parents, uncles and relatives during school holidays.
He noted that although he is a medical doctor by profession, he had been involved in business since secondary school, describing it as a common reality among many Kwahu people.
Reacting to public perceptions and claims that some abandoned houses in Kwahu are linked to ritual money practices, Dr. Ensaw said such assumptions are unfair and misleading.
According to him, many of the houses seen on the Kwahu mountains remain empty for most parts of the year because their owners live and work in places such as Accra, Kumasi and abroad.
He stressed that many Kwahu people spend years working tirelessly and making sacrifices to build properties and create financial security for their families.
“Sometimes it is simply years of discipline, sacrifice, resilience and hard work that nobody was paying attention to while it was happening,” he stated.
Dr. Ensaw added that many people only see the finished houses and visible wealth but fail to recognise the sleepless nights, failed attempts, debts and pressure behind such success stories.
His comments support findings contained in a recent ACCP research report titled “The Kwahu Entrepreneurial Archetype: Lessons for Local Content Sovereignty in Africa.”
The research, led by ACCP member David Adofo, concluded that the success of the Kwahu Business Forum and the wealth associated with many Kwahu indigenes are the result of decades of deliberate intergenerational training in trade, enterprise and financial discipline.
According to the report, the commercial culture of the Kwahu people dates back to the late 1800s when Kwahu traders became heavily involved in the rubber trade between the hinterlands and the coast.
The research revealed that by the 1920s, Kwahu traders had become some of the dominant shop owners in Accra, while trading and business had become one of the most respected activities within the community.
The ACCP further explained that the Kwahu entrepreneurial ecosystem is driven by a strong business culture, practical learning through observation and experience, and mentorship from successful elders.
The report also highlighted the rapid growth of Rock City Hotel, led by Bryan Acheampong, as evidence of the scale of Kwahu enterprise and investment.
According to the ACCP, the Kwahu business model offers important lessons for Africa, particularly at a time when the continent is pushing for economic self-reliance through initiatives such as the African Continental Free Trade Area.
The Chamber therefore urged African governments to study and replicate aspects of the Kwahu entrepreneurial culture, including early business training, mentorship and community support systems.
By: Jacob Aggrey
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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 Ministry of Communication, Digital Technology and Innovations has denied claims circulating on social media that the sector minister, Samuel Nartey George, has misused public funds.
In a statement issued to media houses, the Ministry explained that the document being shared online was part of an official request seeking Commitment Authorisation from the Ministry of Finance in line with public financial management and procurement procedures.
According to the Ministry, the request was based on budgetary allocations approved by Parliament for the 2026 fiscal year and covered planned projects, operational activities and programme interventions to be carried out within the year.
It stressed that the request has not yet received approval from the Ministry of Finance.
The Ministry therefore clarified that no funds have been released, disbursed or spent in relation to the items captured in the circulating document.
It described claims suggesting that public funds had already been squandered as “inaccurate, misleading and devoid of context.”
The statement urged the public to treat the allegations with caution and disregard what it described as false interpretations of the document.
The Ministry further reaffirmed its commitment to transparency, accountability and strict adherence to public financial management regulations in the execution of its duties.
By: Jacob Aggrey
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