Dr Dominic Ayine, the Attorney General and Minister for Justice, has announced Percival Kofi Akpaloo of the Liberal Party of Ghana (LPG) and others will be charged with stealing, forgery and money laundering.
According to the Attorney General, Kofi Akpaloo alleged misconduct stemmed from an alleged financial impropriety involving a COCOBOD feeder roads contract.
Speaking to the media in Accra on Monday, December 22, the Attorney General detailed, “In the case involving Mr Percival Kofi Akpaloo of the Liberal Party of Ghana, Financial Intelligence Centre (FIC) flagged and filed a suspicious transaction report with First Bank Ghana regarding transactions on an account belonging to Pomaah Universal (Gh) Ltd.
Following the STR by the FIC, the EOCO began an investigation into the matter. The investigations revealed that Pomaa Universal (Gh.) Ltd, a business entity owned entirely by Akua Pomaa, was the legitimate contractor that was awarded a COCOBOD feeder road contract.
The contract, valued at over Ghs29.5 million, was awarded in December 2020. Although the project commenced and an initial payment was properly deposited into Pomaa Universal Limited’s account, subsequent payments raised serious concerns regarding misrepresentation, forgery, and unauthorised handling of cheques.
Investigations revealed that Akpaloo secretly incorporated a separate company, Pomaah Universal (Gh.) Ltd, deliberately designed to closely resemble Pomaa Universal (Gh.) Ltd, differing only by the addition of an ‘h’”.
He further detailed, “Between December 2022 and June 2024, Akpaloo collected eight cheques issued by COCOBOD in the name of Pomaa Universal (Gh.) Ltd, totalling Ghs3,169,432.22, and deposited them into the account of his own company at First Bank Ghana.
Again, investigations confirmed that Akua Pomaa was unaware of the existence of Pomaah Universal (Gh.) Ltd and the diversion of funds until COCOBOD contacted her in June 2024 regarding outstanding balances on the contract.
She subsequently discovered that Akpaloo had collected and misdirected the payments without her consent. Akua Pomaa also alleged that Akpaloo forged her signature on the COCOBOD contract using her former name, Mercy Owusu, to secure the agreement without her authorisation”.
The Attorney General continued, “First Bank Ghana’s internal investigations corroborated the fraud allegations, concluding that Akpaloo knowingly misrepresented ownership of the cheques and deposited them into the wrong account.
The bank acknowledged operational failures in detecting discrepancies between the cheque payee names and the account numbers.
The suspects who have been investigated are Percival Kofi Akpaloo, Pomaah Universal (Gh.) Ltd, and Delvine Akpaloo, the spouse of Percival Kofi Akpaloo.
The evidence shows that they engaged in various criminal offences, including stealing, forgery and money laundering and will be charged in January”.
Meanwhile, Kofi Akpaloo had earlier claimed that the government owes him significant funds for a road construction project.
Mr Akpaloo disclosed that the government owes him GH₵4.5million for a road construction project in Goaso, Ahafo Region.
He denied claims of mismanaged public funds, explaining that the road construction in question was entirely financed from his own resources.
Speaking on Morning Starr Friday, September 12, Akpaloo explained, “They [EOCO] themselves know that I’ve not committed any crime anywhere, not causing financial loss because the job I did, I used my own resources to build that road from scratch”.
“Even aside from the 4.5 million cedis the government is owing me, I’ve used my own money and resources to buy materials worth 4 million cedis to be able to tile the road for the people. They [government] haven’t been able to pay me,” he added, underscoring his point that no public funds were lost.
Watch the video below:
Kofi Akpaloo engaged in various criminal offences including stealing, forgery and money laundering and will be charged in January- Attorney General#PrimeRakon pic.twitter.com/xoUceCisKL
— Prime Rakon (@prime_rakon) December 22, 2025