News
EOCO grants Suame MP John Darko enquiry bail in GH¢27m SIC Savings and Loans investigation
The Economic and Organised Crime Office (EOCO) has granted the Member of Parliament for Suame, John Darko, enquiry bail following investigations into an alleged criminal conspiracy that has resulted in an estimated financial loss of GH¢27 million to SIC Savings and Loans Company Limited.
According to a news release issued by EOCO on Tuesday, October 13, 2026, Mr Darko was invited to assist investigators with information relevant to the case.
The MP honoured the invitation and reported to the office at exactly 12 noon. EOCO described him as respectful and cooperative throughout the investigative process.
The office explained that its decision to grant him enquiry bail was based on the circumstances of the case, the applicable law and his level of cooperation with investigators.
EOCO also disclosed that Amma Frimpomaa Dwumah, the former Managing Director of SIC Life Savings and Loans, had honoured its invitation and was cooperating with investigators.
The office stressed that investigations into the alleged financial loss were progressing steadily.
However, it noted that no conclusion had been reached regarding the responsibility or otherwise of any person connected to the case.
EOCO added that the investigation remained active as it continued to pursue the matter.
By: Jacob Aggrey
An Accra High Court has set November 4, 2026, to rule on the bail application filed by the former Ashanti Regional Chairman of the New Patriotic Party (NPP), Bernard Antwi Boasiako, popularly known as Chairman Wontumi.
The bail application is pending his appeal against a 20-year jail sentence.
The court fixed the date after hearing arguments from both counsel for the applicant and the prosecution.
Chairman Wontumi is seeking bail pending the determination of his appeal challenging the conviction and sentence.
The court will deliver its ruling on whether to grant the bail application on November 4.
The Conviction
On July 20, 2026, an Accra High Court presided over by Justice Audrey Kocuvie-Tay convicted Bernard Antwi Boasiako, popularly known as Chairman Wontumi, on 6 illegal mining-related charges.
He was found guilty of assigning mineral rights without ministerial approval and intentionally facilitating an unlicensed mining operation, contrary to the Minerals and Mining Act, 2006 (Act 703) as amended, in connection with Akonta Mining Company Limited’s operations on the Samreboi concession in the Tano Nimiri Forest Reserve in the Western Region.
The law provides a custodial sentence of 15 to 25 years for those offences. The court sentenced him to 20 years imprisonment and a fine of 10,000 penalty units [GH¢120,000]. The court said failure to pay the fine will attract an additional 3-year term, to run concurrently.
His company, Akonta Mining Company Limited, was also fined after the court considered mitigating circumstances.
Current Bail Application
His legal team filed a bail application pending appeal in August 2026. The application was first scheduled for August 19 but was adjourned. Today, October 15, 2026, the court heard arguments from both sides and fixed November 4, 2026 to rule on whether to grant bail.
The defence argues he is not a flight risk, respected all bail terms before conviction, and that his appeal has 19 grounds with strong prospects of success. The State, represented by Deputy Attorney General Dr. Justice Srem-Sai, opposed bail, arguing he poses a flight risk and that his grounds do not meet the exceptional circumstances threshold for bail after conviction.
Other Cases Pending
Despite the 20-year sentence, he still faces two other major cases:
A Ghana Exim Bank case where he, together with Wontumi Farms Limited and another accused, allegedly obtained over GH¢14.3 million between 2018 and 2022 under false pretences for a farming project, using forged documents, leading to losses exceeding GH¢30 million.
Charges include defrauding by false pretences, uttering forged documents, money laundering and causing financial loss to the state.
By Edem Mensah-Tsotorme
The Public Accounts Committee (PAC) has urged the Ghana Revenue Authority (GRA) to intensify efforts to recover unpaid taxes from public institutions and businesses cited in the Auditor-General’s reports.
The committee asked the Authority to verify the amounts owed and collect outstanding payments from organisations including the Ghana Airports Company Limited, Ghana Water Company Limited and the Electricity Company of Ghana.
The call was made when the GRA appeared before the Committee yesterday.
This comes as the GRA reported that it had exceeded its revenue target by the end of September.
The Chairperson of the Committee, Abena Osei Asare, commended the Authority and the Auditor-General for their work, but called for greater transparency in tax collection, stressing that taxpayers should pay only what is required by law.
Representatives of the National Pensions Regulatory Authority (NPRA) also appeared before the Committee, with the Ministry of Energy and Green Transition and its agencies expected to appear next.
By Edem Mensah-Tsotorme
