Private legal practitioner Martin Kpebu has called for a full investigation into the alleged movement of GH¢52.5 billion from GCB Bank to unknown accounts in 2020.
According to him, the matter, which emerged close to the 2020 general elections, remains unresolved five years later, raising serious concerns about accountability.
Speaking on TV3 Ghana on February 14, he said, “We’re looking forward to EOCO going into the 52.5 billion cedis that moved from GCB to unknown account in 2020 close to the elections,”
He questioned whether the funds were used to finance electoral activities under the previous administration, and asked why the Auditor-General, Johnson Akuamah Asiedu, had not given a report on it.
“The question we’re asking is that did they, the previous administration use that money to finance the election? If not, why is Johnson Akuamah Asiedu failing to give the report more than 5 years on. In December 2024 he said he’ll come out with the report on where the money went.”
He added, “We’re still sitting here watching him. What kind of country is this? Elsewhere he would have lost his job.”
He further questioned it it is any wonder that Ghana had to seek support from the International Monetary Fund as a result of situations like this.
In December 2020, allegations emerged on social media claiming that unauthorised transfers amounting to GH¢52.5 billion had been made to unidentified accounts. GCB Bank denied the claims at the time, stating that no such unauthorised transfers had occurred.
In 2023, a chartered accountant, Mike Kofi Afflu of Koforidua, petitioned Parliament over the matter, arguing that the public had not been informed about the outcome of any investigations.
In a petition dated August 11, 2023, addressed to the Chairman of Parliament’s Public Accounts Committee, he questioned what he described as “the mysterious transfer of a huge amount of money from the government’s account in 2020.”
According to the petitioner, the Audit Service had begun tracing the transaction but allegedly stopped midway without providing further explanation.
Martin Kpebu is also now raising the matter again and seeking an answer to the mystery.
