The Attorney-General has filed a nolle prosequi to discontinue the prosecution of Dr. Kwabena Duffuor and seven others for who had been charged for alleged financial improprieties during Ghana’s financial sector clean-up.
In a statement on Tuesday, signed by Deputy Attorney-General, Justice Sre Sai, the office noted that it was dropping the charges because the accused persons had met a threshold of 60% recovery of the alleged losses. This is a condition for reconsidering prosecution in specific cases, the AG said.
“Following prolonged negotiations and engagements, the accused persons in The Republic v. Kwabena Duffuor & 7 Others case have met this recovery threshold,” the statement said.
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“Accordingly, in furtherance of public interest, and considering the significant recoveries made for the State, the Honourable Attorney-General has satisfied himself that continuing with the prosecution will not serve any additional public purpose.”
The Honourable Attorney-General has entered a nolle prosequi in The Republic v. Kwabena Duffour & 7 Others case. pic.twitter.com/t7US1rcYxH
— Justice Srem-Sai (@JusticeSremSai) July 22, 2025
A former Bank of Ghana Governor (from 1997 to 2001) and former Finance Minister (from 2009 to 2013), Dr. Kwabena Duffuor, founded uniBank and was among those charged in February 2020 with various offences, including theft and money laundering in the aftermath of the banking sector clean-up.
uniBank was declared insolvent in August 2018 by the Bank of Ghana (BoG), which indicated that shareholders and related parties had taken GHC 5.3 billion in loans without following due process.
The charges also implicated other individuals, including now Governor of the Bank of Ghana, Johnson Asiama, who at the time was a deputy Governor of the Bank.