About GH¢50m frozen in Wontumi’s accounts – Kwakye Ofosu reveals

Government spokesperson Felix Kwakye Ofosu states that nearly ¢50 million belonging to Ashanti Regional NPP Chairman Bernard Antwi-Boasiako, also known as Chairman Wontumi, has been frozen as part of ongoing investigations into suspected financial crimes.

Speaking on Joy News’ PM Express, the Abura Asebu-Kwamankese MP revealed that the Economic and Organized Crime Office (EOCO) has moved to secure large sums of money believed to be related to various investigations.

“For instance, in Chairman Wontumi’s case alone, close to ¢50 million of money in his account has been frozen.”

He said similar financial figures have also been identified in other high-profile cases currently under investigation.

“Similar figures are involved in the former Signals Boss, Adu Boahen, case, for instance, in the national service case and many others.”

Mr. Kwakye Ofosu explained that these actions are part of a broader government effort to trace and secure assets linked to suspected corruption and financial misconduct.

He said that the freeze is part of a larger number of assets that authorities have managed to secure so far.

“But for now, what they can do is to freeze it, and they have done it, ¢1.5 billion.”

According to him, asset freezes are temporary measures pending the outcome of legal proceedings.

He noted that the state cannot recover such assets until courts determine they were obtained illegally.

“They are not going to be able to recover until the persons involved have been convicted by a court that then will give you an illegal remit to recover whatever it is that is alleged to have or the court would have found to have been stolen.”