News
EOCO refutes false reportage of negligence in relation to Springfield Energy CEO’s alleged arrest
The Economic and Organised Crime Office (EOCO) has dismissed claims of negligence in relation to the alleged arrest the Chief Executive Officer of Springfield Energy, Kevin Okyere in Dubai.
The allegation, published by an online news portal Novareport, suggested that the supposed arrest was linked to EOCO’s failure to act on a petition about alleged fraud.
EOCO, however, says the report is completely false.
According to the agency, there are currently two active investigations involving Springfield Energy, one based on a petition against the company and another concerning a dispute between the Bulk Oil Storage and Transportation Company (BOST) and Springfield Energy.
EOCO explained that its policy is to complete investigations before making any arrests.
“Investigations must precede arrest, not the reverse,” the Office stressed.
The agency described the BOST-Springfield case as a high-priority matter because of its potential effect on BOST’s finances and the broader economy.
EOCO expressed disappointment that Novareport failed to verify the information before publication and urged the public to disregard the report.
It reaffirmed its commitment to investigating and prosecuting economic and organised crimes in Ghana, adding that both Springfield-related cases are being handled with diligence and fairness.
By: Jacob Aggrey
The Minister for the Interior, Muntaka Mubarak, has disclosed that poor coordination and weak communication among security agencies contributed significantly to the violence recorded during the 2020 and 2024 general elections.
In his address on the findings of the Election-Related Violence Report, the Minister said the task force that investigated the incidents discovered that the lack of proper coordination between security institutions often led to confusion on the ground, resulting in clashes and excessive use of force in some areas.
Mr. Muntaka explained that in several instances, security agencies operated without clear communication channels, which created gaps in response and accountability. This, he said, made it difficult to control situations that later turned violent.
He emphasised that the report had recommended stronger collaboration and improved coordination mechanisms among the various security agencies to ensure effective communication and joint planning during future elections.
The Minister further noted that the report has been submitted to the Attorney General’s Department for legal advice and for determining appropriate compensation for victims and families affected by the violence.
He assured that the government is committed to implementing the task force’s recommendations to strengthen inter-agency coordination, enhance professionalism, and maintain peace and order in future electoral processes.
By: Jacob Aggrey
The Bank of Ghana (BoG) has announced that all mobile loan applications and digital credit service providers currently operating in the country without a license must regularize their operations by June 30, 2026.
In a public notice issued on October 31, 2025, the central bank said it will begin accepting applications from companies seeking to operate as Digital Credit Services Providers starting November 3, 2025.
The Bank explained that all entities offering digital loans or credit services must submit the required documents and meet the licensing requirements before the deadline.
It warned that any company that fails to comply with the directive will face regulatory action.
The Bank of Ghana urged operators and the public to contact its FinTech and Innovation Office in Accra for details on the licensing process or visit its official website, www.bog.gov.gh
By: Jacob Aggrey
