Private legal practitioner Martin Kpebu has called on the Economic and Organised Crime Office (EOCO) to launch an urgent investigation into the alleged transfer of GH¢52.5 billion from the Ghana Commercial Bank (GCB) into an unknown account in 2020, just months before the general elections.
According to him, the development raises serious questions about the possible political use of the funds, especially under the previous New Patriotic Party (NPP) administration.
“We are looking forward to EOCO going into this matter. The question is simple: was the money used to finance the 2020 elections? If not, then where did it go?” he questioned.
Mr Kpebu further criticised the Auditor-General, Johnson Akuamoah Asiedu, for what he described as an unjustifiable delay in releasing a full report on the matter, despite the issue lingering for more than five years.
He recalled that in December 2024, the Auditor-General publicly indicated that a report would soon be issued to clarify where the funds were transferred to. However, Mr Kpebu said no such report has been released, leaving the public in the dark.
“It has been five years and we are still sitting here watching. Elsewhere, he would have lost his job by now,” Kpebu stressed.
He added that the lack of accountability and transparency in handling such major financial matters is one of the reasons Ghana continues to struggle economically, insisting that the situation partly explains why the country has repeatedly had to resort to assistance from the International Monetary Fund (IMF).
“There is no wonder we keep running to the IMF,” he stated.
Mr Kpebu urged state institutions to act decisively to restore public confidence and ensure accountability in the management of public funds.
Story: Nyamebeye Kofi Ansah Sasraku