Ghanaian businessmen Daniel McKorley, popularly known as McDan, and Richard Nii Armah-Quaye have been cleared of any wrongdoing by the Financial Intelligence Centre (FIC).
The two Ghanaian businessmen have been cleared following detailed investigations into their financial transactions.
It will be recalled that the Financial Intelligence Centre (FIC) in March 2025 froze the accounts of the two entrepreneurs as part of a wider inter-agency probe into alleged financial irregularities.
According to FIC, the decision was taken in accordance with Section 56(1) of the Anti-Money Laundering Act, 2020.
After months of scrutiny, the FIC has unfrozen the accounts, restoring their full access to funds.
This was revealed by the Chief Executive Officer of the FIC, Kwadwo Twum Boafo, in an interview with Accra-based GHOne television.
Ing. Kwadwo Twum Boafo, in an interview with GHOne TV, stated, “McDan’s issue has been resolved. That is why I keep saying we don’t do personal vendettas. You can speak with him… His accounts are unfrozen.
“The accounts of Richard Nii Armah-Quaye were frozen, but they have been unfrozen now because there was a determination that there was no need for it to go forward,” Ing. Boafo said.
Ing. Kwadwo Twum Boafo detailed that both men cooperated fully with investigators during the process.
He explained, “He came here, sat down with us and gave a thorough explanation of what he does, and there was no problem. We deal with people fairly, there are no personal vendettas”.
He further detailed that the probe into the two Ghanaian businessmen was not politically motivated or targeted at specific individuals but was guided strictly by evidence and due process.
According to him, the agency is mandated to protect Ghana’s financial system from abuse, not to persecute citizens or businesses.
The FIC boss highlighted that such investigations form part of Ghana’s ongoing commitment to strengthening its anti-money laundering framework and also promoting transparency within the financial sector.
Ing. Kwadwo Twum Boafo echoed the agency’s commitment to strengthening Ghana’s anti-money laundering regime.
He further urged citizens to trust state bodies to act fairly and individually.