Attorney-General and Minister for Justice, Dr. Dominic Ayine, has revealed that government will move to prosecute Wontumi Farms and its directors over alleged financial improprieties linked to the Ghana Export-Import Bank.
Dr. Ayine said investigations carried out by the Economic and Organised Crime Office (EOCO) have produced enough evidence to justify charges, including defrauding by false pretences, forgery, and causing financial loss to the state.
He disclosed that the alleged financial loss currently amounts to GHS24,255,735, comprising the original loan amount and interest accrued so far.
Speaking to journalists in Accra on Monday, December 22, 2025, the Attorney-General explained that the amount involved could increase further due to continued interest accumulation before formal charges are filed.
“In the face of the evidence we have gathered in this investigation, thoroughly conducted by EOCO, we have made the decision to prosecute Wontumi farms and it’s directors with defrauding by false pretences, forgery and causing financial loss to the state in the sum of GHS24,255,735.
“This figure represents the principal sum plus the interest that has accrued so far. By the time we file charges which will be definitely after the Christmas break it might be that this figure would have increased because the interest on the principal keeps compounding. So we will get the exact figure of the amount that is involved in this criminal enterprise from the EXIM bank before we file charges in court,” he added.
He noted that the state intents to begin prosecution will begin after the Christmas holidays, once the Ghana EXIM Bank provides confirmation of the final outstanding figure.
The prosecution stems from EOCO investigations into a loan agreement involving Wontumi Farms, a company associated with its director, widely known as Chairman Wontumi.
