Percival Kofi Akpaloo, founder and leader of the Liberal Party of Ghana (LPG), is currently under investigation by the Economic and Organised Crime Office (EOCO) for alleged financial crimes. The investigation centers around accusations of fraud, causing financial loss to the state, dissipation of public funds, and money laundering.
Details of the Investigation
According to Deputy Attorney General Justice Srem-Sai, Akpaloo was arrested by EOCO officials on Wednesday, September 3, 2025, and has since been granted police bail with strict conditions. The bail terms include a GHC 10 million bond with two sureties to be justified. Despite the bail offer, Akpaloo remains in EOCO custody pending fulfillment of the bail conditions.
Allegations Against Akpaloo
The allegations against Akpaloo are linked to a $1.919 million contract allegedly issued to him and his wife in 2018. The contract’s execution has come under scrutiny, prompting EOCO to initiate formal investigations. The agency is working to determine whether there were breaches of Ghana’s financial or procurement laws.
EOCO’s Renewed Anti-Corruption Drive
The investigation into Akpaloo’s activities is part of EOCO’s revitalized approach to combating financial crimes under the leadership of Acting Executive Director Raymond Archer. In recent months, several high-profile figures have faced EOCO investigations, including NPP Ashanti Regional Chairman Bernard Antwi Boasiako and former National Signals Bureau Director Kwabena Adu-Boahene.
Next Steps
As the investigation continues, Akpaloo’s case will likely have implications for Ghana’s anti-corruption landscape. The outcome may impact not only Akpaloo’s political future but also the credibility of anti-corruption institutions in Ghana.