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High Court judge sentences bank staff to 25 years for his role in ¢600k robbery

A Cape Coast High Court presided over by Justice Kwasi Boakye singled out a bank staff in a robbery of ¢600,000 and gave him a hefty sentence of 25 years.
Michael Fosu, alias ‘Bursar’ who was a cleaner working at the Ghana Commercial Bank branch at Asikuma in the Central Region, was among four persons who conspired to rob a bank customer of ¢600,000.
In sentencing the four persons, Justice Kwasi Boakye indicated that even though Michael’s share of the booty was the least – ¢10,000 – he decided to single him out and deal with him severely.
The judge remarked, “I take good note of the role he played in the commissioning of the robbery. For purposes of emphasis, the undisputed evidence is that Michael called one of the robbers on the phone to alert him that the customer had withdrawn the money and was leaving the bank premises.”
Based on the call placed by the bank staff to his counterparts, they succeeded in the operation.
The judge described Michael’s behaviour as a danger and a threat to society.
Justice Kwasi Boakye sent a strong warning to staff of banks with such intentions to abandon them now as the courts would deal with them ruthlessly.
He further charged the security apparatus in crime-fighting in the country to direct their attention to suspicious characters within the banking sector in the wake of the recent surge in the number of robbery attacks on the banking sector.
Before sentencing them, Justice Kwasi Boakye allowed the robbers to say something.
The first robber pleaded: “If I am found guilty, I wish to plead for leniency. I am a family man with three children. I am responsible for them. I have a wife. I promise the Court that it will not occur again.”
The second robber followed: “I have accepted my guilt in this trial. I am grateful for the Court’s patience for me in this trial. I am a family man with children and a wife. I plead that I am forgiven.”
For the third stated: “Please, I have sinned. I would not do that again. I promise that it will not reoccur. I have a sick mother back home. I plead accordingly.”
Justice Kwasi Boakye sentenced three of the robbers on conspiracy to commit the crime of robbery contrary to sections 23 [1] and 149 [1] of the Criminal and Other Offences Act, 1960 [Act 29] to 20 years imprisonment in hard labour while the bank staff was sentenced to 25 years in hard labour.
Background
The facts accompanying the charges are that Patrick Gyamerah, the manager of Nyankopa Cocoa Buying Ltd, is the complainant. The accused persons are Ibrahim Abubakar, a scrap dealer; Muniru Seidu, labourer; Sadick Abubakar, farmer and Michael Fosu, cleaner at the Breman Asikuma Commercial Bank.
On October 28, 2020, the complainant went to the Ghana Commercial Bank [GCB] at Breman Asikuma to withdraw ¢600,000 for his employer, Nyankopa Cocoa Buying Ltd.
The money was put in a sack and loaded into his vehicle with the help of Obed Mintah, his Technical Officer and Eric Amissah, his Accountant. They set off with the money in the boot of his car.
The Accountant followed up on a motorcycle. A few metres to their Depot, they were stopped by two of the robbers who were wielding guns. They asked the complainant to turn off the car engine and get down from the car. He obliged.
They asked him to open the car boot and marched him with Eric Amissah and Obed Mintah into the nearby bush, where they tied them with sellotape. The robbers took all the money from the car boot, used Eric Amissah’s motorcycle and fled from the scene.
The complainant and his colleagues managed to free themselves later and got to their workplace, where they informed their officers of the incident.
Finally, they reported the matter to the police. The police immediately embarked on sustained searches for the robbers. On October 30, 2020, the police stopped a taxi during a snap-check within Breman Asikuma. A search in the taxi cab led to the discovery of sacks of money packed under the car seats.
All the three persons on board were arrested. One robber onboard the taxi told police that it was part of the money they robbed from the complainant.
Abubakar Ibrahim had ¢208,120.00 in a sack. He led police to Muniru Seidu’s house at Nsuokor village. A search on Muniru yielded ¢54,800.
Abubakar Ibrahim then led police again to Michael Fosu, the bank cleaner’s house. A search in his room yielded ¢8,000.
Finally, Mr Ibrahim led police to Ring Road Circle, popularly called Circle in Accra, where Muniru Seidu was arrested.
Mr Muniru took the police into the bush around Abebrese village near Assikuma, where he had kept his portion of ¢200,000.
The Police investigations revealed that the accused persons and one Tommy planned to rob the complainant. On October 26, 2020, Michael Fosu, a cleaner at GCB, called Abubakar Seidu and told him that the complainant had come for money at GCB.
Abubakar Seidu, who was standing at a vantage point somewhere at Breman Assikuma town monitoring the complainant’s movements, relayed this information to Tommy and the rest of the accused persons.
Abubakar Ibrahim and Muniru Seidu lay in wait in the bush and attacked the complainant when he got there.
After that, they met Tommy and shared the money. Then, Tommy gave Abubakar Seidu his share. In turn, Seidu gave the bank cleaner ¢10,000.
Abubakar Ibrahim and Muniru Seidu confessed to conspiring to rob the complainant during investigations.
They explained that the complainant contracted them to take the money from him as he was in debt.
Michael Fosu, the bank cleaner, stated that Abubakar Seidu told him about the plan to rob the complainant, but he refused to take part. However, after the robbery, Seidu gave him ¢10,000 for not revealing their plan to anyone.
Source: www.myjoyonline.com
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GoldBod generates US$1.011 billion in forex from Gold trade in October

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
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NPP opens applications for 2028 parliamentary candidates

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




