The Attorney-General, Dr Dominic Ayine, has announced that his office will initiate legal proceedings against the founder and leader of the Liberal Party of Ghana (LPG), Percival Kofi Akpaloo, over the alleged diversion of GH¢3,169,432.22 paid by the Ghana Cocoa Board (COCOBOD) for cocoa road works.
Dr Ayine said the funds, which were meant for a different contractor, were allegedly diverted through a company incorporated by Kofi Akpaloo and his wife. He explained that the total amount of GH¢3,169,432.22 was paid in several tranches into the wrong company account.
Addressing a press briefing in Accra on Monday [December 22, 2025], the Attorney-General said investigations had established that Kofi Akpaloo, his wife, and their company would be charged with stealing, forgery, and money laundering. This followed findings that payments intended for Pomaa Universal Ghana Limited were instead paid into another company, Pomaah Universal Ghana Limited, which he said was deliberately created with a near-identical name.
According to Dr Ayine, COCOBOD in December 2020 awarded a GH¢29.5 million contract for cocoa road projects to Pomaa Universal Ghana Limited, a company owned by Ekua Pomaa.
He said Kofi Akpaloo later incorporated Pomaah Universal Ghana Limited by adding the letter “H” to the original company’s name.
“Between December 2022 and June 2024, Akpaloo collected eight cheques issued by COCOBOD in the name of Pomaa Universal Ghana Limited, totalling GH¢ 3,169,432.22, and paid them into the account of his own company, Pomaah Universal Ghana Limited, at First Bank Ghana Limited,” Dr Ayine said.
The Attorney-General explained that the transactions were flagged by the Financial Intelligence Centre (FIC), which alerted the bank and prompted investigations by the Economic and Organised Crime Office (EOCO).
He further disclosed that the rightful contractor, Ekua Pomaa, was unaware of the diversion until June 2024, when COCOBOD contacted her regarding outstanding balances on the contract.
“Our investigations show that Ekua Pomaa did not know about the existence of Pomaah Universal Ghana Limited or the diversion of the funds until COCOBOD reached out to her. She later realised the payments had been collected and redirected without her consent,” he said.
Dr Ayine added that Ekua Pomaa had also alleged that Kofi Akpaloo forged her signature on the COCOBOD contract and used her former name, Mercy Owusu, to secure the agreement without her authorisation.
He said First Bank Ghana Limited conducted an internal review and confirmed that the cheques were knowingly paid into the wrong account, admitting lapses in detecting discrepancies between the cheque payee names and the beneficiary accounts.
According to the Attorney-General, three suspects will be charged: Kofi Akpaloo, Pomaah Universal Ghana Limited, and Mrs Delvin Akpaloo.
“It is fast becoming fashionable to commit crimes with spouses these days,” Dr Ayine remarked.
He said the charges would be filed after the Christmas break, when his office resumes work.
