The Economic and Organised Crime Office (EOCO) has commenced efforts to trace 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 involvement in a scheme to bribe Ghanaian government officials in connection with the development and financing of a power plant.
In a statement issued on Monday, August 10, 2026, EOCO said asset tracing and recovery form a key component of its investigations into the Ghanaian aspects of the case.
The Office said it would examine financial 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 disclosed that 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 other public officials.
The anti-graft agency said it has since been working with the Attorney-General and the Ministry of Justice on the Ghanaian aspects of the case while monitoring the proceedings in the United States.
Following Mr. Berko’s conviction, the Attorney-General engaged US authorities to obtain relevant evidence, records and other information to support the ongoing Ghanaian investigation.
EOCO said the Attorney-General has subsequently directed it 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 against any individual in Ghana.
It said anyone whose name appears in evidence obtained through international cooperation would be assessed independently based on the evidence relevant to that individual and in accordance with Ghanaian law.
EOCO added that it would continue to follow the financial trail but would not disclose sensitive operational details that could undermine ongoing investigations or potential prosecutions.
US prosecutors previously said Mr. Berko was convicted after evidence showed that he conspired to pay more than US$1 million in bribes to Ghanaian officials in connection with a power plant project.
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