Bernard Antwi Boasiako, popularly known as Chairman Wontumi, the Ashanti Regional Chairman of the New Patriotic Party (NPP) has said President John Mahama’s sanction placed on him is harsher than the sanctions placed on Russia by the European Union.
Wontumi asserted that Mahama has frozen his account how does he expect him to survive and even eat?
The National Investigations Bureau (NIB) and the Ghana Police Service on Friday, May 23, 2025, stormed the residence of Chairman Wontumi, to effect an arrest.
According to reports, the raid, which took place around 9:00 a.m. involved about 20 heavily armed officers who arrived in five vehicles.
Speaking on Asempa FM, after the attempted arrest Chairman Wontumi stated, “If your accounts get frozen how do you expect to survive and even eat? The sanctions President Mahama have imposed on me are more harsher than those the European Union imposed on Russia. I don’t have access to any account”.
“I will go to the police headquarters because they have brought me a letter. I haven’t received any letter from the National Intelligence Bureau (NIB),” he added.
Some weeks ago news broke that the Financial Intelligence Centre (FIC) froze all of Wontumi’s accounts.
The FIC, as per a document sighted is acting in accordance with Section 56(1) of the Anti-Money Laundering Act, 2020.
“Freezing of accounts – 1. Bernard Antwi Boasiako (a.k.a. Chairman Wontumi) 2. Akonta Mining 3. Hallmark Civil Engineering Limited.
Meanwhile, the information gathered reveals Chairman Wontumi, bank account was frozen over alleged financial misconduct involving GH¢11 million cash withdrawal and GH¢39 million securities Transfer.
According to the Ghana Chronicles, Wontumi withdrew GH¢11 million in cash, bought 365-day Government securities worth GH¢39 million, and transferred them to his company, Paradise Insurance Company.
Again, the construction company Hallmark Civil Engineering was paid GH¢50,871,811.52 million by ex-deputy Chief Executive of COCOBOD Emmanuel Ray Ankrah, against the explicit directive of the Chief of Staff.
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