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EOCO Exceeds 2025 Recovery Target With $336.6m as Crypto Fraud Victims Set for Compensation

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The Economic and Organised Crime Office, EOCO, recorded total recoveries of 336.6 million dollars in 2025, surpassing its annual target by 133.4 million dollars, following major asset seizures linked to financial crimes, including a large-scale cryptocurrency fraud.

 

The achievement was disclosed at the Government Accountability Series press briefing held in Accra on December 18, 2025.

 

Addressing the media, the Attorney General and Minister for Justice, Dr Dominic Ayine, revealed that a separate 15.191 million dollars recovered from offshore cryptocurrency wallets would be used partly to compensate victims of a Chinese-Malaysian online trading scam.

 

According to Dr Ayine, the funds were traced to a criminal network that defrauded more than 1,000 victims in Ghana and the United Kingdom through a fraudulent investment scheme that had been operating since 2019.

 

“Some of the recovered funds will go to compensate victims, while a larger portion will be paid into the public purse,” he said.

 

The scam, allegedly run by Chinese and Malaysian nationals, enticed victims with promises of high returns through investment packages ranging from GH¢770 to GH¢9,000. Victims were instructed to purchase items on a fake e-commerce platform and recruit others through referral systems characteristic of Ponzi-style operations.

 

Dr Ayine explained that the suspects produced instructional videos showing how payments were made using virtual currencies, which enabled EOCO investigators to trace the digital wallets used to move the illicit proceeds.

 

Investigations uncovered over 1,000 transactions flowing into a wallet on the OKX exchange platform, based in Seychelles. EOCO linked the activity to a single computer IP address connected to a Chinese national residing in Ghana on a residence permit.

 

Efforts to trace the Malaysian directors stalled after requests for mutual legal assistance sent to Malaysia went unanswered, prompting EOCO to seek support from the United Kingdom’s National Crime Agency.

 

With assistance from UK-based firms, EOCO secured High Court orders compelling OKX to transfer the seized crypto assets to Zodia Custody for conversion into fiat currency. On November 19, 2025, the assets were converted, and 15.191 million dollars and ten cents was transferred into EOCO’s exhibit account.

 

Dr Ayine commended Justice Gwendolyn Millicent Owusu of the Economic and Financial Crime Division of the High Court, noting that her grasp of the complex legal issues was critical to the success of the recovery.

 

“Without her understanding of the complexities of the case, this outcome would have been difficult to achieve,” he said.

 

He added that the case has drawn international attention, particularly due to Ghana’s use of non-conviction-based asset recovery involving virtual assets held outside the country. The outcome, he said, sends a strong signal to criminals that the use of cryptocurrency will not shield illicit proceeds from law enforcement.

 

The 15.191 million dollars forms part of EOCO’s total 2025 recoveries, which include 194 million dollars in direct recoveries lodged in EOCO’s exhibit account and 142.6 million dollars in indirect recoveries paid to the Ghana Revenue Authority and the Consolidated Fund.

 

Dr Ayine attributed the performance to the leadership of EOCO’s Executive Director, Mr Raymond Archer, and his management team under the administration of President John Dramani Mahama.

 

The Attorney General also disclosed that extradition request packages for former Finance Minister Ken Ofori-Atta and his former Chief de Cabinet, Ernest Darko Kore, were submitted to the United States Department of Justice on December 10, 2025, following a formal application by the Office of the Special Prosecutor.

 

He said the two face 78 charges, including causing financial loss to the state and using public office for private benefit, adding that further announcements involving politically exposed persons under criminal investigation would be made on Monday.

General News

ECG Financial Irregularities: ECG Overspends GH¢168 Million Without Approval

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ECG financial irregularities have been uncovered by the Auditor-General, with the Electricity Company of Ghana (ECG) found to have overspent its approved budget by GH¢168.169 million in the 2023 financial year without obtaining the required approval from its Board of Directors.

The findings are contained in the Auditor-General’s report on ECG’s 2023 financial statements and were disclosed during the Public Accounts Committee (PAC) sitting of Parliament.

According to the report, ECG management exceeded approved budget allocations across several expenditure areas, raising concerns about the company’s financial controls and compliance with internal approval procedures.

PAC Ranking Member, Samuel Atta Mills, said the audit revealed that ECG spent GH¢273.6 million on 11 major expenditure items, despite having an approved budget of GH¢105.431 million.

The Auditor-General noted that the additional spending was undertaken without the necessary authorisation from the company’s Board of Directors.

Breakdown of ECG’s Budget Overruns

The report highlighted the following excess expenditures:

Foreign Training

  • Approved budget: GH¢31 million
  • Actual expenditure: GH¢91 million
  • Excess spending: GH¢60 million

Cleaning Expenses

  • Approved budget: GH¢2.8 million
  • Actual expenditure: GH¢10.4 million
  • Excess spending: GH¢7.6 million

Honorarium Expenses

  • Approved budget: GH¢3.8 million
  • Actual expenditure: GH¢4.6 million
  • Excess spending: GH¢800,000

Hotel Expenses

  • Approved budget: GH¢9.3 million
  • Actual expenditure: GH¢12.2 million
  • Excess spending: GH¢2.9 million

Staff Fuel

  • Approved budget: GH¢2.8 million
  • Actual expenditure: GH¢3.6 million
  • Excess spending: GH¢800,000

Communication Expenses

  • Approved budget: GH¢4.2 million
  • Actual expenditure: GH¢7.9 million
  • Excess spending: GH¢3.7 million

Consultancy Services

  • Approved budget: GH¢40 million
  • Actual expenditure: GH¢58.6 million
  • Excess spending: GH¢18.6 million

Industrial Relations

  • Approved budget: GH¢2 million
  • Actual expenditure: GH¢13 million
  • Excess spending: GH¢11 million

Stakeholder Expenses

  • Approved budget: GH¢3.1 million
  • Actual expenditure: GH¢49 million
  • Excess spending: GH¢45.9 million

Publicity Expenses

  • Approved budget: GH¢5.7 million
  • Actual expenditure: GH¢21.8 million
  • Excess spending: GH¢16.1 million

Professional Fees and Subscriptions

  • Approved budget: GH¢731,000
  • Actual expenditure: GH¢1.5 million
  • Excess spending: GH¢769,000

The revelations have renewed calls for improved financial discipline and stronger oversight mechanisms within state-owned enterprises.

Members of the Public Accounts Committee questioned why ECG management committed expenditures beyond approved limits without seeking authorisation from the company’s Board of Directors.

The Auditor-General’s report adds to growing concerns over financial irregularities among public institutions, particularly regarding budget compliance, expenditure controls, and accountability in the use of public funds.

Source:www.ghanaweb.com

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“Your Death Completely Shattered Me”: Sarkodie’s Tribute to Daddy Lumba

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Sarkodie’s tribute to Daddy Lumba has touched the hearts of many music lovers as the rapper marked the first anniversary of the legendary musician’s passing with an emotional message.

In a post shared on X on July 26, 2026, Sarkodie reflected on the painful moment he received news of Daddy Lumba’s death, revealing that the loss left him completely devastated.

The rapper, who shared a close relationship with the late Highlife icon, said it was difficult for him to accept the heartbreaking reality.

“A year ago today, we heard the heartbreaking news of your passing. I still remember vividly where I was when I received the news. It completely shattered me, and it was so difficult to believe,” Sarkodie wrote.

Sarkodie further revealed that he misses the words of encouragement he regularly received from Daddy Lumba throughout his music career.

According to him, the Highlife legend often sent him messages encouraging him to continue pushing forward and expressing how proud he was of his achievements.

“I miss your texts every now and then, telling me to keep pushing and reminding me how proud you were of me,” he added.

The rapper concluded his tribute by expressing his love and admiration for the late musician, saying Daddy Lumba’s legacy would forever remain alive in the hearts of his fans and loved ones.

“Daddy, we miss you, and you will forever remain in our hearts. May God be with you until we meet again. We love you always,” Sarkodie wrote.

Daddy Lumba, one of Ghana’s greatest Highlife musicians, continues to be remembered for his remarkable contribution to Ghanaian music and his influence on generations of artistes.

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Can Ghana really do away with Plastics?

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Plastic has become one of the world’s most widely used materials. Since large-scale production began in the 1950s, global plastic production has grown exponentially because of its versatility, durability, and relatively low cost.
According to the United Nations Environment Programme (UNEP), the world now produces more than 430 million tonnes of plastic every year. Yet only about nine per cent of all plastic waste is recycled, around 19 per cent is incinerated, while nearly 50 per cent ends up in landfills. The remaining 22 per cent is openly dumped, burned or leaks into rivers, lakes and oceans, making plastic pollution one of the defining environmental challenges of our time.
UNEP estimates that the African continent generates approximately 17 million tonnes of plastic waste every year, while recycling rates remain among the lowest globally.
In Ghana, studies by the Ministry of Environment, Science and Technology, the Environmental Protection Agency (EPA), and development partners estimate that Ghana generates between 1.1 and 1.3 million tonnes of plastic waste annually, representing roughly 12 to 14 per cent of the country’s municipal solid waste stream. This translates into more than 3,000 tonnes of plastic waste every day.
The challenge is not simply the volume of plastics generated but what happens after they are discarded.
It is estimated that only about 10 to 15 per cent of Ghana’s plastic waste is collected for recycling, while the vast majority is mixed with other waste.
Recent flooding
The recent floods have reignited the debate, but the answer may lie not in banning plastics, but in collecting, recycling and giving them a second life.
As Ghana joined the rest of the world to mark International Plastic Bag Free Day on July 3, environmental experts, policymakers and industry players renewed calls for decisive action against plastic pollution. Yet amid the growing calls for bans on plastics, a more fundamental question emerged:
Can Ghana realistically do away with plastics altogether?
For many experts, the answer is no, not yet. Plastics have become woven into almost every aspect of modern life. From food packaging and drinking water sachets to medicine, agriculture, construction, healthcare and manufacturing, plastics offer affordability, durability and convenience that few alternative materials can currently match.
The real challenge, therefore, is not the existence of plastics, but what happens after they have served their purpose.
The Floods Told a Painful Story
The recent floods served as a harsh reminder that Ghana’s greatest problem is poor plastic waste management.
Corporate Affairs Officer of Zoomlion Ghana Limited, Mr. James Deku, believes the floods revealed the country’s inability to effectively manage the enormous quantities of plastic waste generated every day.
Speaking at a Metro TV discussion to mark the day, he said plastics themselves are not inherently dangerous. Rather, it is the indiscriminate disposal of plastic waste into drains, streams and open spaces that turns a useful product into an environmental hazard.
“When plastics block drains,” he noted, “they prevent the free flow of water, causing floods that destroy homes, businesses and sometimes even claim lives.”
Mr. Deku advocates stronger enforcement of sanitation by-laws, continuous public education and policies that encourage recycling instead of simply outlawing plastics.
He also believes Ghana can revive some traditional packaging methods, including the use of leaves for selected products, while gradually reducing unnecessary single-use plastics.

Collection, sorting and recycling
The difference lies in effective collection, sorting and recycling systems.
This was the view shared by the Production Planner of Universal Plastic Products and Recycling (UPPR) Ghana Limited, Mr. Gabriel Kudiabor, who argued that plastics should not be demonised.
According to him, Ghana’s problem is one of waste management and public behaviour rather than the material itself.
He believes sustained public education on waste segregation, coupled with greater investment in recycling infrastructure, will significantly reduce plastic pollution.
Mr. Kudiabor also proposed the introduction of a deposit-return system for beverage bottles, allowing consumers to return empty plastic bottles in exchange for financial incentives or rewards.
Such systems have proven successful in several countries by dramatically increasing collection rates while supplying recycling plants with valuable raw materials.
Giving Plastic a Second Life
Rather than viewing used plastic bottles as waste, UPPR sees them as valuable raw materials waiting to be transformed into new products.
Every day, thousands of discarded PET (Polyethylene Terephthalate) bottles are collected, sorted, washed and processed at the company’s modern recycling facility.
These bottles are converted into high-quality PET flakes, which serve as industrial raw materials for manufacturing a wide range of products including polyester fibre, yarn, textiles, reflector jackets and other industrial applications.
The initiative is not only reducing plastic pollution but is also creating jobs, supporting Ghana’s circular economy and generating export revenue.
Beyond PET bottles, the Jospong Group has expanded its recycling ambitions to include other hard plastics such as Polypropylene (PP) and Polyethylene (PE), materials commonly found in household containers, buckets, detergent bottles, food packaging, crates and industrial packaging.
These plastics can equally be recycled into new products, reducing dependence on virgin plastic materials while conserving natural resources.
“What many people see as rubbish is increasingly becoming an important industrial raw material,” Mr. Kudiabor argues.
A shared responsibility
The panelists including Nii Moi Omaboe of the Ghana National Action on Plastics (GNPAPS), agreed that government alone cannot solve Ghana’s plastic challenge.
Until affordable, durable and environmentally friendly alternatives become widely available, plastics will remain an essential part of everyday life.
“The future therefore lies not in declaring war on plastics, but in building a nationwide recycling culture where every bottle, container and plastic package is collected, processed and transformed into something useful,” Mr. Kudiabor says adding,
“If government, industry and citizens work together, Ghana can reduce plastic pollution, create green jobs, strengthen local manufacturing and minimise flooding.”

Source:Adade Gyamfi

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Entertainment

‘Give Me One Year of Your Visa’ – Peller’s Plea to Yaw Dabo Goes Viral

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Nigerian content creator and streamer Peller was left surprised during a recent livestream after discovering that Ghanaian actor Yaw Dabo possesses a 10-year United States visa, despite Peller’s own unsuccessful attempts to obtain one.

The conversation, which has since gone viral on social media, became even more interesting when Peller also learned that Yaw Dabo is friends with England and Real Madrid midfielder Jude Bellingham.

When asked about his relationship with the football star, Dabo confidently responded:

“Jude is my good friend, I have his number.”

The revelation visibly impressed Peller, who admitted that he is a huge admirer of Bellingham.

Speaking in pidgin English, Peller said he had spent $15,000 in an effort to secure an American visa but was unsuccessful. He appealed to Dabo to help him obtain one.

“I am one of his big fans. I do American visa, $15,000, visa they no give me. I don cry online, they no refund the money. Can you help me get the visa?” Peller asked.

In response, Yaw Dabo explained that he had no influence over the US visa application process and could not assist in obtaining a visa through personal connections.

Instead, he advised Peller to follow the official procedure by applying through the United States Embassy in Nigeria.

According to Dabo, embassy officials would assess applicants based on their background and online influence before making a decision.

“You have to go to the American Embassy in Nigeria and talk to the ambassador. When you go, they will check your background and your internet influencing history. If you qualify, they will give you,” Dabo said.

Still unconvinced by Dabo’s explanation, Peller jokingly suggested an unusual solution. He asked the Ghanaian actor to transfer one year of the validity of his 10-year US visa to him so that Dabo would still have nine years remaining.

In his humorous plea, Peller said:”Make them commot one year from your own make them give me. Carry one year give me from your 10 year  visa, it will remain nine years. Abeg.

@detour_son

Today livestream was amazing when @Samuel Dabo joined Peller livestream, were two of them express their feelings and make a very good connection. The English was very good. #peller #livestream #fypシ゚viral #ghanatiktok🇬🇭 #ghananaija🇬🇭🇳🇬 @💎🌳💫Fiddy wasty💕❤️ @💎🌳💫Saa_boi_Noo_ backup

♬ original sound - Saa_Boi_Noo..💎🌳💫

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Lasmid expresses gratitude to Okomfour Kwadee for inspiring a new generation

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Ghanaian musician Lasmid has expressed deep appreciation to legendary hiplife icon Okomfour Kwadee, acknowledging the profound influence the veteran artiste has had on today’s generation of musicians.

During a recent visit, Lasmid shared his excitement about meeting Okomfour Kwadee in person for the first time, describing the moment as a memorable and emotional experience.

Reflecting on his musical upbringing, the singer revealed that he grew up listening to Okomfour Kwadee’s songs, which played a key role in shaping his artistry and career.

“We came here today to show our appreciation because you’ve truly inspired us. This is my first time meeting you, and I’m incredibly happy and grateful. Thank you for everything you’ve done for us,” Lasmid said.

He added that Okomfour Kwadee’s distinctive musical style has inspired many young artistes, including himself, noting that his generation has drawn heavily from the hiplife legend’s sound.

“We listened to your music while growing up and took a lot of inspiration from it. Today, we create similar sounds because of your influence. That’s why we decided to come and visit you personally,” he added.

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