… The first witness, Frank Anane Dekpey, an errand boy to Adu-Boahene, testified about how he was often sent to deposit or withdraw money at UMB Bank or Stanbic Bank to be given to Adu-Boahene. …
… These include decisions on the recapitalisation and governance reforms of UMB Bank and Prudential Bank, alongside other prior actions agreed under the programme. …
… The Finance Minister also announced that the Ghana Amalgamated Trust (GAT) had completed the full recapitalisation of UMB Bank, while Prudential Bank had been fully capitalised through a private sector-led approach. …
… Under further questioning, Mr Cromwell agreed that Fidelity Bank had informed investigators that part of the funds had been moved to UMB Bank to take advantage of foreign exchange trading opportunities. …
… Cromwell testified that within two months of the first deposits into the BNC Communications Bureau Ltd account in 2020, UMB Bank filed a Suspicious Transaction Report after detecting irregularities. …
Mildred Donkor, the third prosecution witness in the trial of Kwabena Adu-Boahene and two others, has disputed claims that UMB Bank branches independently transferred funds between themselves to satisfy withdrawal requests. …
… The court specifically ordered the prosecution to provide the missing pages (2 to 89) of the bank statement of Advantage Solutions Company Limited held at UMB Bank. …
… Counsel referred the witness to her earlier testimony, in which she confirmed that GH¢7,250,000 had been transferred from the BNC Communications Bureau Limited account at UMB Bank to an account belonging to Adu-Boahene. …
The Office of the Attorney General has closed its case against former National Signals Bureau Director General Kwabena Adu-Boahene, his wife Angela Adjei-Boateng, and Advantage Solutions Limited, who are accused of stealing GH¢49.1 million in a purported cybersecurity system deal for Ghana. The court has set September 25, 2026 as the deadline for the defence to file a submission of no case to answer, with a ruling on the submission scheduled for November 5, 2026.
The Office of the Attorney General has closed its case against former National Signals Bureau Director General Kwabena Adu-Boahene, his wife Angela Adjei-Boateng, and Advantage Solutions Limited, who are accused of stealing GH¢49.1 million in a purported cybersecurity system deal for Ghana. The court has set September 25, 2026 as the deadline for the defence to file a submission of no case to answer, with a ruling on the submission scheduled for November 5, 2026.
The IMF Executive Board is expected to approve Ghana's sixth and final Extended Credit Facility review, unlocking a final disbursement of about US$318 million, and to greenlight a 36-month Policy Coordination Instrument to guide economic reforms after the bailout programme concludes. The PCI, a non-financing arrangement, will offer closer policy engagement with the IMF and signal Ghana's commitment to reforms.
In the trial of former National Signals Bureau Director-General Kwabena Adu-Boahene over alleged diversion of GH¢49.1 million in public funds, the defence team has challenged EOCO's lead investigator about whether a formal complaint was lodged with the National Security establishment before the investigation began. The investigator testified that the probe was triggered by a tip-off rather than a formal complaint, and acknowledged he could not confirm whether a prior complaint existed.
An EOCO investigator testified in court that the wealth acquired by former National Signals Bureau Director-General Kwabena Adu Boahene and his wife could not be reconciled with their known income, including 11 identified properties compared against salaries ranging from GHS5,000 to GHS7,000 monthly.
An EOCO investigator testified that a bank account was opened specifically to divert GH¢49.1 million meant for a cyber defence system contract signed by former NSB Director-General Kwabena Adu-Boahene with an Israeli company on January 30, 2020. The funds were deposited into an account at UMB Bank belonging to a private company, BNC Communications Bureau Limited.
Mildred Donkor, a prosecution witness in the trial of Kwabena Adu-Boahene and two others, testified that UMB Bank branches could not independently transfer funds between themselves; such approvals could only come from headquarters. The witness acknowledged that Adu-Boahene and his wife had a special banking relationship with the bank that facilitated certain transactions, but rejected defence suggestions that fund movements through various companies were intended to create a complex network for their benefit.
Mildred Donkor, the third prosecution witness in the trial of former National Signals Bureau Director-General Kwabena Adu-Boahene and two others, confirmed that authorised withdrawals would appear in bank statements and that payments to Gerald Osei Tutu totalled GH¢4.4 million. The prosecution alleges GH¢49.1 million in public funds were unlawfully diverted through cheques into accounts allegedly controlled by the accused.
The Court of Appeal has directed the Attorney-General and EOCO to disclose documents in the ongoing criminal trial of former NSB Director-General Kwabena Adu Boahene and his wife Angela Adjei Boateng, who are being tried over alleged theft of GH¢49.1 million in public funds. The three-member panel upheld the couple's appeal that the High Court's refusal to order disclosure violated their constitutional right to a fair trial.
An Accra High Court rejected the tendering of an April 2018 email as evidence by the defence team during cross-examination in the trial of Adu-Boahene and his wife. The rejection occurred amid questioning of a prosecution witness about financial transactions involving BNC Communications Bureau Limited and Adu-Boahene's accounts.