LPG's Kofi Akpaloo to be charged over GH¢3.1million COCOBOD payment
The Attorney General, Dr Dominic Ayine, says his office will take legal action against the founder and leader of the Liberal Party of Ghana (LPG), Percival Kofi Akpaloo over a GH¢3,169,432.22 payment from COCOBOD, which was meant for a different contractor in a cocoa roads project.
According to the Attorney-General, Kofi Akpaloo and his wife incorporated a company and used it to divert the total payment of GH¢3,169,432.22 in various tranches.
Speaking at a press briefing in Accra on Monday [December 22, 2025], Dr Ayine said the three will be charged with stealing, forgery, and money laundering after investigations showed that funds intended for Pomaa Universal Ghana Limited were paid into a different company, Pomaah, created Akpaloo with that near-identical name.
According to the Attorney-General, the Ghana Cocoa Board awarded a GH¢29.5 million contract in December 2020 to Pomaa Universal Ghana Limited, a company owned by Ekua Pomaa, for cocoa road works.
Dr Ayine said Kofi Akpaloo later incorporated another company, Pomaah Universal Ghana Limited, by adding the letter “H” to the original 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.
He said the suspicious transactions were detected by the Financial Intelligence Centre (FIC), which alerted the bank and triggered investigations by the Economic and Organised Crime Office (EOCO).
Dr Ayine said the rightful contractor, Ekua Pomaa, was unaware of the diversion until June 2024 when COCOBOD contacted her over 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.
He added that Ekua Pomaa 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.
Dr Ayine said First Bank Ghana Limited carried out an internal review and confirmed that the cheques were knowingly paid into the wrong account. The bank also admitted lapses in detecting the mismatch between the cheque payee names and the beneficiary accounts.
He said three suspects will be charged. They are Kofi Akpaloo, Pomaah Ghana Universal Limited, the company, and Mrs Delvin Akpaloo.
“It is fast becoming fashionable to commit crimes with spouses these days,” Dr Ayine remarked.
He said charges will be filed after the Christmas break when his office resumes work.
