The Economic and Organised Crime Office (EOCO) has intensified investigations into the Ghanaian dimension of the bribery case involving former Goldman Sachs banker and former Tema Oil Refinery (TOR) Managing Director Asante Kwaku Berko.
The anti-corruption agency has begun tracing funds, assets and financial transactions that may be connected to the alleged bribery scheme following Mr Berko’s conviction in the United States.
EOCO said the asset tracing exercise is intended to identify proceeds, beneficiaries and properties that may have been acquired or derived from suspected criminal conduct.
In a statement issued on Monday, August 10, 2026, the Office said it would take steps to preserve and recover assets where the evidence supports such action and where it is permitted under Ghanaian law.
“Asset tracing and recovery form an integral part of EOCO’s investigative plan in this matter,” EOCO said.
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The Ghanaian investigation dates back to last year when EOCO received a request from US authorities for information on people in Ghana believed to be relevant to the bribery investigation.
According to EOCO, the request included information concerning a former Minister of State and other public officials.
The Office said it subsequently worked with the Attorney-General and the Ministry of Justice to investigate the Ghanaian aspects of the case, while following proceedings against Mr Berko in the United States.
Following his conviction, the Attorney-General engaged the US authorities to obtain evidence, records and other information that could assist Ghana’s investigation.
EOCO said the Attorney-General has now directed it to step up its investigations as information is received through established international cooperation channels.
The Office, however, warned against assuming that Mr Berko’s US conviction automatically establishes criminal wrongdoing by individuals in Ghana whose names may emerge during the investigation.
“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 investigators would follow the money trail but would not disclose sensitive details of the investigation that could undermine ongoing inquiries or possible prosecutions.
The case stems from allegations that Mr Berko participated in a scheme to pay more than US$1 million in bribes to Ghanaian government officials in connection with the development and financing of a power plant.
US prosecutors said evidence presented in the case established Mr Berko’s involvement in the bribery scheme, leading to his conviction.
The latest investigation by EOCO could therefore determine whether funds or other assets linked to the alleged scheme entered Ghana and whether any such proceeds can be identified, preserved or recovered.
EOCO said its investigation would be guided by evidence and Ghanaian law as it continues to work with relevant authorities and international partners.
