The Attorney General has revealed that a former Chief Executive Officer (CEO) of the National Food and Buffer Stock Company allegedly acquired several high-value properties across the country using proceeds of crime.
Taking his turn at the government Accountability Series on Wednesday, 22nd October, 2025, the Attorney General disclosed that investigations uncovered that the former CEO purchased multiple residential and commercial properties valued at several million Ghana cedis and United States dollars.
Documents released by the Presidency’s Communications Directorate under the Government Accountability Series indicate that the properties include a five-bedroom house at Chain Homes valued at $1,625,000, a three-bedroom house at Cantonments worth $600,000, and plots of land at the Airport Development Area valued at $750,000.
The report further lists a 17-bedroom boutique hotel at Gumani in Tamale estimated at $250,000, a four-bedroom bungalow at Dzorwulu, Accra, valued at GHC 4,142,451, and a 0.32-acre parcel of government land purchased for GHC 307,200.
The Attorney General noted that these properties were acquired during the former CEO’s tenure at the National Food and Buffer Stock Company and that the acquisitions could not be justified by his legitimate earnings. The assets have therefore been identified as proceeds of crime and are subject to confiscation by the state.
This revelation forms part of the government’s broader efforts to promote transparency and accountability in public service through the Government Accountability Series, which highlights instances of corruption, misuse of public funds, and asset recovery actions.
Meanwhile, the Attorney General’s Office has assured the public that due process will be followed to ensure justice is served in accordance with the laws of Ghana.
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