News
GH¢ 0.5 billion recovered in the ongoing UniBank case – Attorney General
The Attorney General and Minister for Justice, Dr. Dominic Akuritinga Ayine, has revealed that GH¢ 0.5 billion has so far been recovered in the UniBank criminal case.
He said the money forms part of GH¢ 1.2 billion being pursued from individuals who directly benefited from funds unlawfully taken from the bank.
Dr. Ayine disclosed that the accused persons have provided landed properties worth GH¢ 824 million to UniBank as part of efforts to recover the full amount.
He explained that the accused persons will take responsibility for any shortfall if the sale of the properties does not raise enough money.
“The recovery of the remaining GH¢ 0.7 billion and the sale of the properties are expected to be completed within 18 months,” he said.
According to the Attorney General, although it would have been ideal for the accused to pay the full amount in cash, that was not a realistic option during the negotiations.
The UniBank case is part of the government’s efforts to hold people accountable for the collapse of some banks during the banking sector clean-up.
By Jacob Aggrey
News
Media reports claiming Cecilia Dapaah is cleared by FBI are false – OSP
The Office of the Special Prosecutor (OSP) has dismissed media reports suggesting that former Sanitation Minister, Cecilia Abena Dapaah, has been cleared of corruption by the Federal Bureau of Investigation (FBI).
In a statement, the OSP said its attention had been drawn to several misleading publications which claimed that the FBI “found no evidence of corruption” or that Mrs. Dapaah “had been cleared.”
The office stressed that these reports were false and a misrepresentation of its Half-Yearly Report.
According to the OSP, the report stated that no direct and immediate evidence of corruption had been found, a legal standard that is different from saying there was “no evidence” or that the former minister had been cleared.
The OSP explained that the case was earlier referred to the Economic and Organised Crime Office (EOCO) after investigations revealed strong signs of suspected money laundering and structuring, which fall under EOCO’s mandate.
However, the previous leadership of EOCO failed to act and returned the docket.
The new leadership has since requested and received the docket again.
The OSP urged the media to report with accuracy and remain faithful to official documents, stressing that responsible communication is necessary on matters of high national interest.
By: Jacob Aggrey
News
Government Pays GH¢9.7 Billion Coupon Under the Domestic Debt Exchange Programme (DDEP)
The Government of Ghana has paid GH¢9.7 billion as part of its debt obligations under the Domestic Debt Exchange Programme (DDEP).
The Minister of Finance, Dr. Cassiel Ato Forson said the payment amounted to GH¢9,698,815,220.17.
This brings the total payments made under the programme this year alone to GH¢19.4 billion.
According to the minister in a facebook post, the payment shows government’s commitment to honouring agreements made under the DDEP and is expected to boost investor confidence in the economy.
He stated that government has also created two sinking fund accounts one in cedis and another in US dollars to help manage future debt payments.
These funds, introduced he said is in line with the 2025 Mid-Year Fiscal Policy Review and backed by the Public Financial Management Act, meant to ensure that upcoming loan obligations due between 2026 and 2028 are paid on time.
The Finance Minister assured investors and the public that all future debt commitments, including those under the DDEP, will be fully honoured without delays.
By: Jacob Aggrey
