AG details Wontumi Farms-Exim Bank loan case

play videoBernard Antwi Boasiako is the Ashanti Regional Chairman of the New Patriotic Party

The Attorney General and Minister of Justice, Dr Dominic Akuritinga Ayine, has revealed that investigations into the Wontumi Farms loan arrangement have established that Ashanti Regional Chairman of the opposition New Patriotic Party, Bernard Antwi Boasiako, failed to purchase any equipment required under the terms of the facility, despite funds being disbursed for that purpose.

According to the Attorney General, the loan agreement required that all equipment purchased with the funds be registered in the joint names of Exim Bank and Wontumi Farms Limited.

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However, investigations showed that no such equipment was acquired, making joint registration impossible.

Speaking during the Government Accountability Series on December 22, 2025, Dr Ayine disclosed that all equipment Bernard Antwi Boasiako claimed to have purchased could not be traced.

Investigators further established that although Chairman Wontumi, under Wontumi Farms, submitted receipts to Exim Bank in support of the alleged purchases, the documents were forged.

“In the face of the evidence gathered in this investigation thoroughly conducted by the Economic and Organised Crime Office (EOCO), we have made the decision to prosecute Wontumi Farms and its directors for defrauding by fraud pretenses, forgery, and causing financial loss to the state in the sum of GH¢24,255,735. This figure represents the principal sum plus the interest accrued so far,” he stated.

The Attorney General said that during interrogation, Chairman Wontumi reportedly claimed he had purchased what he described as “secondhand brand new” equipment and insisted that all receipts and related documentation had been submitted to the bank.

However, the Ghana Exim Bank has denied receiving any valid documents covering the purchase of the required equipment from either Wontumi Farms Limited or Bernard Antwi Boasiako.

According to the AG, the bank noted that the only documents submitted in relation to the equipment were the forged receipts identified during investigations.

The Attorney General stated that criminal charges will be filed against Wontumi Farms Limited and Bernard Antwi Boasiako shortly after the Christmas break.