Featured Ghana

Ghana Closes In on Watchdogs, Execs at Center of Banking Crisis

Ghana is seeking to prosecute a former finance minister, industry regulator and deputy central bank governor in a bid to stamp out alleged collusion with company executives that helped contribute to the West African nation’s biggest banking crisis. The former officials are being charged along with nine other banking executives… Read More

Ghana Charges Ex-Finance Minister After Collapse of Bank

Ghanaian prosecutors charged a former finance minister for alleged crimes that contributed to the collapse of one of the West African nation’s biggest local lenders during a banking crisis. Kwabena Duffuor, who served as finance chief from 2009 to 2013, and seven other individuals were named in a filing Wednesday… Read More

Airbus bribery scandal triggers new probes worldwide

Fallout from the Airbus bribery scandal reverberated around the world on Monday as the head of one of its top buyers temporarily stood down and investigations were launched in countries aggrieved at being dragged into the increasingly political row. Airbus agreed on Friday to pay a record $4 billion in… Read More
3rd February 2020
Airbus SE has long since disbanded the so-called strategy and marketing unit at the center of its record $4 billion bribery settlement, but for years it had quite a heyday. According to documents filed by U.S. prosecutors on Friday, the 150-person team used its $300 million annual budget… Read More
16th January 2020
Ghanaian prosecutors charged the chief executive officers of two defunct lenders for alleged crimes that contributed to a banking crisis that cost the West African nation 12.5-billion cedis ($2.2 billion) in bailouts. Michael Nyinaku, the former CEO of Beige Bank Ltd., appeared in the Accra Circuit Court on Tuesday on… Read More
25th December 2019
Ivory Coast has issued an arrest warrant for Guillaume Soro, a former rebel leader and candidate in next year’s presidential election, the public prosecutor said on Monday, forcing Soro to call off a planned homecoming after months overseas. The move against Soro, who retains the loyalty of many former rebel… Read More
3rd September 2019
A former Goldman Sachs banker who helped a corrupt Nigerian politician hide a fortune in offshore accounts has been ordered to pay back £7.3m or face 10 years more in jail. Ellias Preko, 60, used his ‘gold-plated credentials’ to launder at least £3m plundered by James Ibori, the former governor… Read More
16th November 2018
Kweku Adoboli, a former UBS trader jailed for Britain’s biggest fraud over unauthorised trades that cost the Swiss bank $2.3 billion (1.7 billion pounds), has been deported to Ghana, his spokesman said. Adoboli was put on a commercial flight from Heathrow on Wednesday after being detained in Scotland earlier in… Read More
4th September 2018
British authorities are preparing to deport a former UBS (UBSG.S) trader jailed for the country’s biggest fraud which cost the Swiss bank $2.25 billion (£1.75 billion), his spokesman said on Monday. Ghanaian citizen Kweku Adoboli was released from prison on probation in 2015 after serving half of a seven-year sentence,… Read More
17th August 2018
World soccer’s ruling body FIFA says the Ghanaian government has pledged to stop the process to wind up the country’s football association (GFA) over corruption allegations. FIFA, which earlier this week threatened to suspend Ghana from international football, said the two sides had on Thursday agreed to work together “to… Read More
13th June 2018
The undercover Ghanaian journalist who filmed football officials appearing to take bribes said on Monday that African football will continue to be held back on the world stage unless corruption is tackled more vigorously. Anas Aremeyaw Anas released a documentary last week showing African football officials, including 77 referees and… Read More
12th January 2018
Ghana’s President Nana Akufo-Addo on Thursday named a former attorney-general as anti-graft prosecutor to probe specific cases of corruption including those committed by politicians. There is widespread belief among civil society groups in Ghana that corruption is on the rise, especially among public office holders. The appointment of Martin Amidu,… Read More
30th October 2017
By Suleiman Mustapha, Graphic Online Mobile Money operator, MTN, has sanctioned 3,000 mobile money agents allegedly caught in mobile money fraud in the last three months. The move is part of efforts by the country’s biggest telecom company to sanitise and restore integrity to its mobile money platform. In an… Read More