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EOCO Records New Recovery in GH¢55 Million Probe

Mabel Boamah by Mabel Boamah
4 months ago
in Business, Featured
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EOCO Records New Recovery in GH¢55 Million Probe
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The Economic and Organised Crime Office (EOCO) has recorded a fresh recovery in its ongoing investigation into the alleged misappropriation of about GH¢55 million at the Inter-Ministerial Coordinating Committee on Decentralisation (IMCCoD).

According to the anti-corruption agency, former IMCCoD Accountant Gerald Appiah has voluntarily begun refunding funds linked to the investigation as efforts continue to recover public money suspected to have been misappropriated.

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EOCO, however, stressed that the latest recovery does not mark the end of the investigation or clear any suspect of criminal wrongdoing.

Recovery Marks New Phase of Investigation

In a statement, EOCO explained that the recovered funds form part of ongoing efforts to trace and retrieve public resources linked to the alleged financial and procurement irregularities at the IMCCoD Secretariat.

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The agency emphasised that investigations remain active and that all individuals under investigation remain subject to the legal process.

According to EOCO, fund recoveries alone do not determine criminal liability.

Read Also: New Twist in Delayed Weija Children’s Hospital Project

Probe Centres on GH¢55 Million

The investigation was launched following a petition submitted by the current Executive Secretary of IMCCoD requesting further inquiries into a forensic audit covering the period from August 1, 2022, to February 2, 2025.

EOCO says investigators are examining allegations involving the misappropriation, diversion, misapplication and theft of approximately GH¢55 million in public funds.

Several Individuals Under Investigation

Former IMCCoD Executive Secretary Dennis Edward Aboagye, popularly known as Miracles, Gerald Appiah and other individuals are under investigation over alleged offences including conspiracy to steal, stealing, causing financial loss to the state, using public office for profit and money laundering.

EOCO disclosed that Mr. Aboagye was arrested after investigators uncovered additional evidence suggesting possible fraud and theft.

Investigations Continue

The agency stated that Mr. Aboagye had been cooperating with investigators and was aware of the ongoing inquiry.

It explained that although a stop order had been issued to prevent him from leaving the country, he had already travelled before it could be enforced.

He was later intercepted by officers of the Ghana Immigration Service upon his arrival at Kotoka International Airport and handed over to EOCO for further investigations.

EOCO Reaffirms Commitment

EOCO says investigations will continue professionally and in accordance with the law while respecting the rights of all persons involved.

The agency reiterated its commitment to recovering any public funds found to have been misused and ensuring accountability throughout the investigative process.

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