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Wednesday, 7 October 2026
Ghana’s news, on the hour · Est. 2026
Wednesday, 7 October 2026
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Ghanaian press · Organization

Equity Savings and Loans Limited

Equity Savings and Loans Limited — savings and loans institution that collapsed, leaving thousands of customers unable to access deposits.

2026-06-012026-10-07

In coverage

Verbatim sentences from the source article.

  1. October 2026
  2. Joy Online

    … How the case arose The facts accompanying the charge sheet state that Mr Awuah is the Senior Partner of Sarkodie Baffour Awuah & Partners, which was engaged by SIC Life in May 2020 to recover a debt of GH¢6.3 million from Equity Savings and Loans Limited. …

    Manhyia South MP charged with conspiracy, financial loss and money laundering
  3. Joy Online

    … The facts accompanying the charge sheet state that Mr Awuah is the Senior Partner of Sarkodie Baffour Awuah & Partners, which was engaged by SIC Life in May 2020 to recover a debt of GH¢6.3 million from Equity Savings and Loans Limited. …

    Attorney-General charges Manhyia South MP over alleged GH¢9.85m financial loss
  4. Daily Guide

    … He has pleaded not guilty to the charges which relate to a GH¢3.9 million loan facility SIC Life Savings and Loans granted to Equity Savings and Loans, which the lawyer was later contracted to retrieve as well as the accrued interest. …

    NPP MP Awuah Granted GH¢10m Bail
  5. Joy Online

    … The investigation centres on legal work undertaken for SIC Life Savings and Loans in connection with the recovery of a debt from Equity Savings and Loans. …

    ‘I’ve been told I’m also involved’ – John Darko says he’ll cooperate with EOCO if invited over Baffour Awuah case
  6. Joy Online

    … The investigation includes questions surrounding a settlement reached in a matter involving SIC Life Savings and Loans and Equity Savings and Loans, where the amount originally invested by SIC had increased substantially with accrued interest before a settlement was reached. …

    ‘Criminal law can’t turn every poor commercial judgment involving state entity into an offence’ – Victoria Bright
  7. Joy Online

    … According to him, the transaction involved SIC Life engaging his client’s law firm to recover an investment from Equity Savings and Loans. …

    Baffour Awuah formally charged with money laundering, loss of public funds – Lawyer
  8. The Ghanaian Times

    … He says the February 10 invitation was addressed to the Senior Partner of his former law firm, Sarkodie Baffour Awuah & Partners, which was engaged by SIC Life to recover about GH¢3.5 million invested with defunct Equity Savings and Loans a debt that had grown to about GH¢14 mill …

    Manhyia South MP Baffour Awuah turns mimself in to EOCO after court issues arrest warrant
  9. September 2026
  10. Joy Online

    … The matter has since brought renewed attention to the financial dealings involving SIC Life Savings and Loans and Equity Savings and Loans. …

    High Court issues EOCO warrant to arrest Manhyia South MP Baffour Awuah
  11. Joy Online

    A dispute over the Economic and Organised Crime Office’s attempt to arrest Manhyia South Member of Parliament and private legal practitioner Nana Agyei Baffour Awuah has unexpectedly brought the troubled Equity Savings and Loans Limited back into the spotlight. …

    Baffour Awuah’s EOCO case reopens Equity Savings & Loans file as SIC recovery battle emerges
  12. June 2026
  13. Joy Online

    Thousands of customers of Equity Savings and Loans Limited have been left stranded after widespread reports that their deposits have become inaccessible, following what appears to be the collapse of the institution. …

    Thousands of depositors locked out as Equity Savings and Loans faces collapse
Politics

Manhyia South MP charged with conspiracy and money laundering

The News

The Attorney-General has filed three criminal charges against Manhyia South MP Nana Agyei Baffour Awuah over alleged financial misconduct in his handling of a legal case involving SIC Life Savings & Loans Company Limited. The charges, filed at the High Court's Specialised Jurisdiction Division on October 3, 2026, include conspiracy to commit a crime, intentionally causing financial loss to a public body, and money laundering, relating to allegations that he conspired to dissipate GH¢9.85 million belonging to the company in 2024.

5 October 2026 · Joy Online →

Monday 5 October

  1. Manhyia South MP charged with conspiracy and money laundering

    The Attorney-General has filed three criminal charges against Manhyia South MP Nana Agyei Baffour Awuah over alleged financial misconduct in his handling of a legal case involving SIC Life Savings & Loans Company Limited. The charges, filed at the High Court's Specialised Jurisdiction Division on October 3, 2026, include conspiracy to commit a crime, intentionally causing financial loss to a public body, and money laundering, relating to allegations that he conspired to dissipate GH¢9.85 million belonging to the company in 2024.

    5 October 2026 · Joy Online →

  2. Attorney-General charges Manhyia South MP over alleged GH¢9.85m loss

    The Attorney-General has filed three criminal charges against Manhyia South MP Nana Agyei Baffour Awuah for allegedly conspiring with SIC Life Savings & Loans' then Managing Director in 2024 to dissipate GH¢9.85 million belonging to the company while acting as the firm's lawyer. The charges include conspiracy to commit a crime, intentionally causing financial loss to a public body, and money laundering.

    5 October 2026 · Joy Online →

  3. NPP MP Awuah granted GH¢10m bail on graft charges

    Nana Agyei Baffour Awuah, MP for Manhyia South, was released on a GH¢10 million bail after being charged with conspiracy, dissipation of public funds, and intentionally causing financial loss to the state. The charges relate to a GH¢3.9 million loan facility that he was contracted to retrieve.

    5 October 2026 · Daily Guide →

Saturday 3 October

  1. John Darko says he'll cooperate with EOCO if invited

    Suame MP and Legal Counsel to the Minority Caucus John Darko says he has been told he is involved in EOCO's investigation into Manhyia South MP Nana Agyei Baffour Awuah, though he has not yet received an invitation from the agency. He said he will cooperate with EOCO if called and answer questions about the matter.

    3 October 2026 · Joy Online →

  2. Poor commercial judgment alone cannot be criminal, lawyer argues

    International corporate lawyer Victoria Bright has cautioned against treating the controversial SIC Life settlement at the centre of EOCO's investigation into Manhyia South MP Nana Agyei Baffour Awuah as automatically criminal, arguing that unwise commercial decisions involving state entities do not necessarily constitute criminal conduct without evidence of improper authorisation or misconduct.

    3 October 2026 · Joy Online →

Thursday 1 October

  1. MP Baffour Awuah formally charged with money laundering, loss of public funds

    The Economic and Organised Crime Office has formally charged Manhyia South MP Nana Agyei Baffour Awuah with money laundering and causing financial loss to the state in connection with transactions involving SIC Life Savings and Loans. His lawyer argues the charges relate to legitimate legal work undertaken on behalf of SIC Life to recover an investment from Equity Savings and Loans, which proceeded through the courts.

    1 October 2026 · Joy Online →

  2. Manhyia South MP turns himself in to EOCO after arrest warrant

    Nana Agyei Baffour Awuah, MP for Manhyia South, reported to the Economic and Organised Crime Office after the Accra High Court issued an arrest warrant on September 30. EOCO is investigating alleged unauthorised financial transactions at SIC Life Savings and Loans Company Limited involving alleged financial loss, dissipation of public funds and money laundering.

    1 October 2026 · The Ghanaian Times →

Wednesday 30 September

  1. High Court authorizes EOCO arrest warrant for Manhyia South MP

    An Accra High Court has issued a warrant authorizing the Economic and Organised Crime Office (EOCO) to arrest Member of Parliament for Manhyia South Nana Agyei Baffour Awuah. EOCO told the court it had exhausted reasonable means of securing his voluntary attendance and feared relevant documents could be concealed, altered or destroyed.

    30 September 2026 · Joy Online →

Tuesday 29 September

  1. EOCO investigation into MP Baffour Awuah revives Equity Savings dispute

    A disputed EOCO arrest attempt on Manhyia South MP Nana Agyei Baffour Awuah has reopened scrutiny of Equity Savings and Loans Limited, following his explanation that the investigation relates to legal work his firm performed for SIC Life Savings and Loans in recovering millions of cedis from Equity. EOCO says Baffour Awuah failed to honour two February 2026 invitations; his law firm says another representative appeared before investigators in March and April, providing information and a written statement.

    29 September 2026 · Joy Online →

Monday 1 June

  1. Equity Savings and Loans collapses, thousands locked out of deposits

    Thousands of customers of Equity Savings and Loans Limited have been unable to access their deposits for months as the institution apparently collapses, with some branches closed or no longer operating. The situation has left depositors unable to meet basic needs, run businesses, or service planned investments, and has raised concerns about stability in Ghana's savings and loans sector.

    1 June 2026 · Joy Online →

Equity Savings and Loans Limited — Ghanaian press coverage · Ghana Minute