The Unfolding Financial Investigation
Attorney General Dr. Dominic Ayine has blown the lid off a complex web of property acquisitions that threatens to expose significant financial irregularities within Ghana’s governmental infrastructure.
Key Figures in the Investigation
The spotlight falls on Mr. Kwabena Adu-Boahene, former Director-General of the National Signals Bureau (NSB), and his wife Angela Adjei-Boateng. Their property portfolio raises critical questions about the source of their substantial wealth.
Detailed Property Acquisitions in Accra
Investigators have meticulously documented a series of high-value property purchases:
- Mayfair Estates Property Portfolio
- No. 2 Stream Part Drive
- Deposit: $1,000,000 (Equivalent to GHS15,000,000)
- Documented with verified deposit slips and receipts
- Edith Avenue Properties:
- No. 6: $500,000 deposit
- No. 7: $200,000 deposit
- No. 8: $97,815 initial deposit (with suspected additional cash payments)
- No. 9: $270,000 deposit
- No. 10: $150,000 deposit
- No. 2 Stream Part Drive
Beyond Accra: A Broader Property Network
The investigation has uncovered additional layers of potential financial misconduct:
Vertex Properties: A Company Under Scrutiny
- Ownership: Mr. Adu-Boahene
- Location: Oyarifa
- Asset Portfolio: 27 houses
- Individual House Value: $295,000 per property
- Total Estimated Value: Approximately $7.965 million
International Property Connections
Investigators have also identified:
- Two additional properties in London
- Specific details currently under investigation
Official Statement and Implications
Dr. Ayine’s stark assessment to journalists in Accra left no room for ambiguity: “The proceeds from the suspects’ activities were used to buy significant landed properties and other assets of considerable value both in Ghana and elsewhere.”
Ongoing Investigation Objectives
The current investigative efforts are strategically focused on:
- Tracing complex financial flows
- Analyzing intricate ownership structures
- Recovering potentially misappropriated funds
- Ensuring comprehensive governmental accountability
Resources for Further Understanding
For those interested in financial integrity and governmental transparency, explore:
Call to Action
Stay informed about this developing story. Follow reputable Ghanaian news sources and official government communications for the latest updates on this critical investigation.