The Accra High Court has ordered the prosecution to file disclosures within 14 days after plea bargain negotiations in Chairman Wontumi’s alleged GH¢30 million EXIM Bank fraud case ended without an agreement.
Reports disclosed that the negotiations ended after the State rejected a proposal put forward by Wontumi’s legal team.
Following the failure to reach an agreement, the Accra High Court ordered the prosecution to file its disclosures within 14 days.
The disclosure process requires the prosecution to provide the defence with the evidence and documents it intends to rely on at trial.
Wontumi’s alleged GH¢30 million EXIM Bank fraud case will now move forward, with the prosecution expected to file its disclosures within 14 days.
Earlier, Dr Justice Srem Sai, the Deputy Attorney General and Minister for Justice, revealed that the Bernard Antwi Boasiako, commonly known as Chairman Wontumi, EXIM Bank trial will continue despite ongoing settlement negotiations.
According to the Deputy AG, negotiations have not been abandoned, but the government has decided not to suspend the trial.
Speaking in an interview on Morning Starr, Dr Srem Sai stated, “We, as prosecutors, have decided to proceed with the trial while we continue negotiations on the side”.
He disclosed that the decision was communicated to Wontumi’s lawyers after two meetings between the parties, adding that ongoing negotiations had not produced an agreement acceptable to the state.
The Deputy Attorney General also revealed that a GH¢12 million settlement proposal falls significantly below what the bank expects to recover.
According to Srem Sai, accepting an amount substantially below the alleged losses would not be prudent, particularly after assessing the evidence and circumstances surrounding the case.
He disclosed that the government does not believe it would be appropriate to accept less than half of the losses allegedly caused simply to allow the accused to walk free.
“The 12 million you mentioned, if indeed he said that, then 12 million is far below what even the bank expects to get,” he said.
“They know what to do if they want that situation to change. We have told them what to do if they want that situation to change,” he said.
It will be recalled that Chairman Wontumi was slapped with fresh charges over a GH¢30m Exim Bank loan case.
He was slapped with fresh charges, including fraud by false pretence.
Wontumi, Thomas Antwi-Boasiako (at large) and Wontumi Farms Limited are facing four counts of charges per the charge sheet filed on Friday, May 15, 2026.
The charge sheet filed on Friday, May 15, 2026, signed by Deputy Attorney General Dr Justice Srem-Sai, detailed that “Chairman Wontumi is personally facing three of the four counts of the charge of defrauding by false pretence, contrary to Section 131 of the Criminal Offences Act, 1960 (Act 29); uttering of a forged document, contrary to Section 169 of the Criminal Offences Act, 1960 (Act 29); and money laundering, contrary to Section 1(2)(c) of the Anti-Money Laundering Act, 2020 (Act 1044)”.
“Together with Thomas Antwi-Boasiako and Wontumi Farms Limited, they are facing the charge of intentionally causing financial loss to a public body, contrary to Section 179A(2) of the Criminal Offences Act, 1960 (Act 29)”, Starr FM stated.
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