The Economic and Organised Crime Office (EOCO) has launched efforts to track funds and properties possibly connected to the bribery case involving ex-Goldman Sachs banker and former Tema Oil Refinery (TOR) Managing Director, Asante Kwaku Berko.
The action comes after Mr. Berko was found guilty in the United States for his alleged part in a scheme to bribe Ghanaian state officials linked to a power plant deal.
EOCO said identifying and recovering assets was a central part of its probe into the local aspects of the case. In a release issued on Monday, August 10, 2026, the Office stated it would review transactions, beneficiaries, properties and any proceeds that may have come from or been tied to suspected unlawful activity, and move to secure and recover them where there is proof and legal backing.
“Asset tracing and recovery form an integral part of EOCO’s investigative plan in this matter,” the Office said.
EOCO noted that its Ghana inquiry started last year after US authorities asked for details on persons in Ghana deemed relevant to the bribery probe. The request, the Office added, covered details on a former Minister of State and some public officials.
Since then, EOCO said it has been collaborating with the Attorney-General and Ministry of Justice on the Ghana side of the matter, while also following court developments in the United States.
After Mr. Berko’s conviction, the Attorney-General reached out to US officials to secure relevant evidence, documents and information to aid the domestic investigation. The Attorney-General has now instructed EOCO to step up its work as more information comes in through official international cooperation.
The Office however stressed that Mr. Berko’s guilty verdict in the US does not by itself prove guilt for anyone 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 added that it will follow the money trail as part of its work but will not disclose sensitive operational details that could jeopardise ongoing probes or possible prosecutions.
Prosecutors in the US said Mr. Berko was convicted after evidence showed he conspired to pay over $1 million in bribes to Ghanaian officials in relation to the development and financing of a power plant.
