Kofi Akpaloo, the leader of the Liberal Party of Ghana, is currently under investigation by the Economic and Organised Crime Office (EOCO) for alleged financial crimes. These crimes include:
– Fraud: Accusations of deliberately deceiving individuals or institutions for financial gain.
– Causing Financial Loss to the State: Allegations of actions resulting in direct monetary damage to government resources or public funds.
– Dissipation of Public Funds: Suspicions of wasteful, unauthorized, or inappropriate use of public money.
– Money Laundering: Beliefs that Akpaloo was involved in complex financial schemes designed to hide the source of illegal proceeds.
Akpaloo was arrested on September 3, 2025, at his Kumasi residence and has been granted bail set at GH¢10 million with two sureties to be justified. However, he remains in EOCO custody pending the fulfillment of the bail conditions. The investigation is ongoing, and Akpaloo’s lawyer has described the matter as a civil commercial dispute currently before the Commercial Division of the High Court in Accra.