Storyline
Ghana Energy Bribery Conviction
Timeline
- Thu, Aug 20LatestUnverified — not yet reviewed
Ghana Gold Board Explores Traceability Technology to Track Mined Gold Sources
The Ghana Gold Board is exploring the adoption of traceability technology to track the sources of mined gold, signalling a state-led push toward supply-chain transparency in the mining sector. The development adds a technology dimension to the broader scrutiny surrounding Ghana's gold sector governance.
- Wed, Aug 19Unverified — not yet reviewed
GoldBod Faces Calls for Major Cuts Amid Disputed Losses, Design Flaws and Macro Debate
Ghana's government is reportedly planning significant cuts to GoldBod following what economist Prof Bokpin describes as unsustainable losses, hidden fiscal costs, and avoidable design defects in the entity's structure. A parallel debate has emerged, with Manteaw arguing the $1.7 billion in reported losses is justified by forex stabilisation gains, while Bokpin cautions that GoldBod should not be credited for Ghana's broader macroeconomic improvement. The dispute has direct implications for investor confidence in Ghana's resource-sector governance and macroeconomic stability.
- Sun, Aug 16Unverified — not yet reviewed
AKSA Energy Bribery Scandal Deepens as MPs Call for Accountability and Public Inquiry
Two Ghanaian MPs have added their voices to the growing AKSA energy deal controversy, with Dafeamekpor calling for Ghana to confront its accountability deficit and Baffour Awuah stating that the alleged bribery exposes serious systemic failures in the country's energy procurement processes. The escalating political debate follows earlier calls for a public inquiry and the NDC-NPP dispute over the Attorney General's role in the probe.
- Sat, Aug 15Unverified — not yet reviewed
AKSA Energy Deal and GoldBod Losses Face Governance Scrutiny on Newsfile
Ghana's Newsfile programme is set to discuss the AKSA energy deal, the current legal vacation period, and reported losses at GoldBod. The broadcast agenda keeps both the energy sector governance controversy and GoldBod's financial performance in public focus.
- Fri, Aug 14Unverified — not yet reviewed
Aksa Energy Bribery Probe Draws Political Debate as Public Inquiry Demanded
Ghana's Manhyia South MP has called for a public inquiry into the Aksa Energy bribery scandal, saying it will expose and shame those responsible, while the NDC has rejected NPP concerns about the Attorney General's credibility to lead the probe. The political dispute extends a story rooted in the earlier US conviction of a former TOR managing director and Goldman Sachs banker over Ghana energy sector bribes.
- Sat, Aug 8Unverified — not yet reviewed
Former TOR MD and Goldman Sachs banker convicted over Ghana energy bribes
A former Tema Oil Refinery managing director and Goldman Sachs investment banker has been convicted in the US on foreign bribery and money laundering charges related to a Ghana power plant deal. Court records detail how Asante Kwaku Berko allegedly paid over $1 million in bribes to a former Ghanaian minister, members of parliament, and other government officials to secure a contract for a Turkish client. The convictions signal active FCPA enforcement risk for investors operating in Ghana's energy sector procurement environment.