Ghana’s Attorney-General and Minister of Justice, Dr. Dominic Akuritinga Ayine, has announced that Liberal Party of Ghana (LPG) leader, Percival Kofi Akpaloo, will face charges of forgery, stealing, and money laundering.
The allegations stem from a transaction with First Bank Ghana involving alleged financial fraud and forgery of someone’s signature.
Speaking at the Government Accountability Series on Monday, December 22, 2025, Dr. Ayine revealed that the Financial Intelligence Centre (FIC) flagged suspicious transactions related to Pomaah Universal Ghana Limited, a company owned by Akpaloo.
“In the case involving Mr. Percival Akpaloo of the Liberal Party of Ghana, the Financial Intelligence Centre flagged and filed a suspicious transaction report with First Bank Ghana Ltd, regarding transactions on an account belonging to Pomaah Universal Ghana Limited, that is a company owned by the said Kofi Akpaloo. Following the Suspicious Transaction Report (STR) by the FIC, the Economic and Organised Crime Office began an investigation into the matter,” he stated.
Akpaloo is also accused of forging Akua Pomaah’s signature, using her former name, Mercy Owusu, to secure a Ghana Cocoa Board contract without her consent. “Akua Pomaah also alleged that Akpaloo forged her signature on the COCOBOD contract using her former name, Mercy Owusu, to secure the agreement without her authorisation,” Dr. Ayine said.
First Bank Ghana’s internal investigation corroborated the fraud allegations, Mr. Ayine stated.
“First Bank Ghana Ltd conducted an internal investigations and corroborated the fraud allegations that we have made, concluding that Akpaloo, knowingly misrepresented ownership of the cheques and deposited them into the wrong account,” Dr. Ayine explained.
He added that “the bank acknowledged operational failures in detecting the discrepancies between the cheques, the cheque’s payee names and the account numbers.”
The suspects investigated include Percival Kofi Akpaloo, Pomaah Ghana Ltd, and Delvine Akpaloo, Akpaloo’s wife. “The evidence shows that they engaged in various criminal offences including stealing, forgery and money laundering and they will be charged by my office upon resumption of work after the Christmas holidays,” Dr. Ayine said.
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