By Morkporkpor Anku
Accra, Dec. 22, GNA- The Attorney-General (AG) will in January 2026 file criminal charges against Mr Percival Kofi Akpaloo, Leader and Founder of the Liberal Party of Ghana (LPG).
This follows investigations into alleged fraud, forgery, and money laundering involving a COCOBOD feeder road contract.
Dr Dominic Akuritinga Ayine, the A-G and Minister of Justice said the case stems from a Suspicious Transaction Report (STR) filed by the Financial Intelligence Centre (FIC) with First Bank Ghana over questionable transactions on an account belonging to Pomaah Universal (Gh.) Limited.
He said following the STR, the Economic and Organised Crime Office (EOCO) commenced investigations, which revealed that Pomaa Universal (Gh.) Limited, wholly owned by Akua Pomaa, was the legitimate contractor awarded a COCOBOD feeder road contract valued at over GH¢29.5 million in December 2020.
He said investigators found that while the project commenced and the initial payment was duly credited to the account of Pomaa Universal (Gh.) Limited, subsequent payments raised serious concerns of misrepresentation, forgery, and unauthorised handling of cheques.
According to the Attorney-General’s findings, Mr Akpaloo allegedly incorporated a separate company, Pomaah Universal (Gh.) Limited, deliberately crafted to closely resemble Pomaa Universal (Gh.) Limited, differing only by the insertion of the letter “h”.
He said between December 2022 and June 2024, Mr Akpaloo was said to have collected eight cheques issued by COCOBOD in the name of Pomaa Universal (Gh.) Limited, amounting to GH¢3,169,432.22, and deposited them into the account of Pomaah Universal (Gh.) Limited at First Bank Ghana.
The AG said investigations further established that Akua Pomaa was unaware of both the existence of Pomaah Universal (Gh.) Limited and the diversion of funds until June 2024, when COCOBOD contacted her over outstanding balances on the contract.
“Upon inquiry, she discovered that the payments had been collected and redirected without her consent,” he added.
He said she also alleged that Mr Akpaloo forged her signature on the COCOBOD contract, using her former name, Mercy Owusu, to secure the agreement without her authorisation.
“First Bank Ghana’s internal investigations corroborated the fraud allegations, concluding that Mr Akpaloo knowingly misrepresented ownership of the cheques and deposited them into an account that did not correspond with the named payee,” he said.
He said the bank also admitted to operational lapses in failing to detect discrepancies between cheque payee names and account details.
The A-G said the suspects investigated include Percival Kofi Akpaloo, Pomaah Universal (Gh.) Limited, and Delvine Akpaloo, the spouse of Mr Akpaloo.
He said evidence gathered points to the commission of multiple criminal offences, including stealing, forgery, and money laundering, adding that his office would formally charge the suspects in January 2025.
GNA
22 Dec. 2025
Edited by Samuel Osei-Frempong