The Attorney General and Minister of Justice, Dr Dominic Akuritinga Ayine, has revealed that the Economic and Organised Crime Office (EOCO) has recovered US$15.1 million defrauded from Ghanaians through virtual assets.
According to the Attorney-General, the US$15.1 million defrauded from Ghanaians in an online investment scheme dates back to 2019 through virtual assets such as cryptocurrency.
The AG revealed that EOCO has frozen and recovered virtual assets worth US$15.19 million that were hidden in foreign jurisdictions.
Speaking during the Government’s Accountability Series on Thursday, December 18, 2025, Dr Ayine stated, “… EOCO successfully used our local laws to freeze and recover virtual assets hidden in foreign jurisdictions. As a result, on November 19, 2025, Zodiac Custody successfully converted the said crypto assets of the criminal enterprise and paid same to EOCO’s exhibit account in the amount of 15,191,730 USD and 13 cents,” he said.
“The criminal enterprise targeted our citizens, defrauded them, and laundered the criminal proceeds into cryptocurrency such as Bitcoin, USDT, and Ethereum in an attempt to further hide the proceeds from the reach of Ghana’s law enforcement.
“With this recovery, millions of funds which were looted out of the country have been successfully returned to our motherland,” he added.
Also, the Attorney General and Minister of Justice have announced that the Economic and Organised Crime Office (EOCO) has exceeded its 2025 recovery target.
The Attorney General highlighted that EOCO exceeded its 2025 recovery target by over GH¢133.4 million.
According to the Attorney General, EOCO recoveries currently stand at GH¢337.4 million, which is the highest in the agency’s history.
Speaking during the Government’s Accountability Series on Thursday, December 18, 2025, Dr Ayine stated, “Now, in terms of recoveries, the Economic and Organised Crime Office has exceeded the 2025 target, which was set at GH¢200 million. Recoveries currently stand at GH¢337.4 million. This figure means that it has exceeded its 2025 recovery by over GH¢133.4 million”.
“This is the highest recovery in the history of the agency. The recovery represents completed cases of both direct and indirect recoveries. Direct recoveries are recoveries that are deposited directly into the exhibit account of the office. This currently stands at about GH¢194 million.
“Indirect recoveries, on the other hand, are recoveries that are paid directly to either GRA or the consolidated fund. This amount stands at GH¢142.6 million. The success story of the Economic and Organised Crime Office shows that institutions matter, but institutional leadership is crucial,” he added.
Additionally, the Attorney General revealed his office has concluded investigations into another high-profile corruption case.
“We have another announcement to make on Monday involving some high-profile, politically-exposed persons that got themselves involved in certain criminal activities,” he said.
See the post below:
EOCO recovers US$15.1 million defrauded from Ghanaians in an online investment scheme dating back to 2019 through virtual assets such as cryptocurrency – Attorney-General
— Joy 99.7 FM (@Joy997FM) December 18, 2025
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