Legal expert Martin Kpebu has called on the Economic and Organised Crime Office (EOCO) to investigate the movement of GH₵52.5 billion from GCB Bank Limited into accounts that have not been publicly explained, raising concerns about transparency and accountability in Ghana’s financial sector.
Mr. Kpebu’s remarks came in response to a report in Parliament outlining significant transfers made by GCB Bank, one of the country’s major financial institutions. According to the information presented, a total of GH₵52.5 billion was moved from government-linked accounts at GCB to unspecified accounts without clear documentation of the purpose or recipients.
Speaking to journalists, Kpebu argued that the scale of the transfers warrants a full investigation by EOCO to determine whether any laws were breached and whether public funds or deposits belonging to ordinary Ghanaians were improperly handled. He stressed that transparency in public sector finances is vital to building trust in state institutions and protecting the country’s economy.
Kpebu suggested that the absence of detailed explanations for where the GH₵52.5 billion was directed raises questions about accountability and governance. He urged EOCO to use its investigative authority to trace the transfers, identify the parties involved, and establish whether due process was followed.
“The Ghanaian public has a right to know how funds held in government-linked accounts have been moved and for what purpose,” Kpebu said. “If there is no valid justification for these transactions, then those responsible must be held to account in accordance with the law.”
The call for an investigation comes amid growing public concern over financial irregularities and governance standards in some state-related entities. Critics of the government have used the matter to question how public resources are managed and whether existing oversight mechanisms are sufficient to prevent misuse.
Kpebu also pointed to previous cases where financial transfers and institutional discrepancies triggered public outcry and demanded that authorities act swiftly and transparently to avoid further erosion of confidence in Ghana’s financial system.
He emphasized that an EOCO investigation would help clarify whether the transfers were legitimate business transactions or if they involved mismanagement or potential criminality. Such an inquiry, Kpebu said, would demonstrate that Ghana’s law enforcement agencies are willing and able to pursue matters of public interest without political interference.
So far, GCB Bank Limited has not issued a detailed public statement explaining the movement of the GH₵52.5 billion, leaving space for speculation and heightened scrutiny from civil society groups, economists, and ordinary citizens.
Kpebu’s comments aim to ensure that this significant financial transfer does not go unexamined and that, if necessary, corrective steps are taken to safeguard public trust and financial integrity in the country.
