The Economic and Organised Crime Office (EOCO) has begun tracing funds and assets that may be linked to the bribery case involving former Goldman Sachs banker and former Tema Oil Refinery (TOR) Managing Director Asante Kwaku Berko.
The move follows Mr Berko’s conviction in the United States over his alleged role in a scheme to bribe Ghanaian government officials in connection with a power plant project.
EOCO said asset tracing and recovery form a key part of its investigation into the Ghanaian dimension of the case.
In a statement issued on Monday, August 10, 2026, the Office said it would examine transactions, beneficiaries, assets and proceeds that may have been derived from or connected to suspected criminal conduct, and pursue their preservation and recovery where supported by evidence and permitted by law.
“Asset tracing and recovery form an integral part of EOCO’s investigative plan in this matter,” the Office said.
EOCO said its investigation in Ghana began last year after it received a request from US authorities for information on individuals in Ghana considered relevant to the bribery investigation.
The request included information on a former Minister of State and public servants, according to the Office.
EOCO said it had since worked with the Attorney-General and Ministry of Justice on the Ghanaian aspects of the case while monitoring proceedings in the United States.
Following Mr Berko’s conviction, the Attorney-General engaged US authorities to obtain relevant evidence, records and information to support the Ghanaian investigation.
The Attorney-General has since directed EOCO to intensify its investigations as information is received through lawful international cooperation channels.
The Office, however, cautioned that Mr Berko’s conviction in the United States does not automatically establish criminal liability for any individual in Ghana.
“Any individual whose name appears in evidence obtained through the international cooperation process will be assessed independently on the basis of the evidence relevant to that person and in accordance with Ghanaian law,” it said.
EOCO said it would follow the financial trail as part of the investigation but would withhold sensitive operational details that could compromise ongoing investigations or potential prosecutions.
US prosecutors said Mr Berko was convicted after evidence showed that he conspired to pay more than $1 million in bribes to Ghanaian officials in connection with the development and financing of a power plant.
Ghana|Atinkaonline.com