AG exposes “One Man party” leader Kofi Akpaloo’s fraudulent scheme, penciled to face charges over GH¢3m COCOBOD fraud in January 2026
AG exposes “One Man party” leader Kofi Akpaloo’s fraudulent scheme, penciled to face charges over GH¢3m COCOBOD fraud in January 2026
The Attorney General and Minister for Justice, Dr Dominic Akuritinga Ayine, has exposed the Leader of “One Man political party”, the Liberal Party of Ghana (LPG), Percival Kofi Akpaloo’s alleged fraudulent scheme in GH¢3.17 million COCOBOD contract fraud.
Addressing a section of the media at the Government Accountability Series held on Monday, December 22, 2025, Dr. Dominic Ayine hinted that investigations conducted so far revealed that Mr. Akpaloo secretly registered a company with a name similar to the legitimate contractor and diverted eight COCOBOD cheques into his own account between 2022 and 2024.
According to the Attorney General, the funds were misdirected without the contractor’s knowledge and involved forgery and misrepresentation.
“The Financial Intelligence Centre flagged and filed a suspicious transaction report with First Bank Ghana Limited regarding transactions on an account belonging to Pomaah Universal Ghana Limited, which is a company owned by Kofi Akpaloo.
Following the suspicious transaction report by the FIC, the Economic and Organised Crime Office (EOCO) began an investigation into the matter.
“Akua Pomaah also alleged that Akpaloo also forged her signature on the COCOBOD contract, using her formal name, Mercy Owusu, to secure the agreement without her authorisation.
The First Bank Ghana Limited conducted an internal investigation and corroborated a fraud allegation that we have made, concluding that Akpaloo knowingly misrepresented ownership of the checks and deposited them into the wrong account.
The bank acknowledged operational failures in detecting the discrepancies between the check payee names and the account numbers,” he stated.
The charges levelled against the “One Man Party leader” (Kofi Akpaloo) include: stealing, forgery, and money laundering.
The AG is expected to begin his prosecution in January 2026.
