Victoria Akegi Asamoah, an official at the Economic and Organised Crime Office (EOCO), has shed light on how the institution manages assets recovered from corruption cases in Ghana.

Asamoah explained that, through a detailed procedure, recovered assets are returned to their rightful beneficiaries, including both state institutions and private individuals.

Speaking on Joy FM on Wednesday, July 2, 2025, she indicated that the process is carried out only after investigations into corruption cases have been completed, with assets allocated to state institutions redirected into initiatives that benefit the country.

“Some of these monies that are recovered belong to state institutions and to individuals as well, so, after investigations, if these monies are recovered, they go to the appropriate or beneficiary institutions and beneficiary individuals. So, the ones that have to go to the state institutions are redirected into something that will profit everybody in Ghana,” he stated.

Asamoah also revealed that non-monetary properties recovered and belonging to international beneficiaries are, in some cases, auctioned upon the advice of the courts.

She explained that such decisions are typically based on the complexity of the case and the nature of the recovered assets, with proceeds from the auctions returned to the rightful beneficiaries.

“There are others that we give to institutions like the GRA, NHIA directly. It's not just money; it may also involve stolen vehicles. We have been doing cases on stolen vehicles, and most of them belong to individuals. And so those cars go back to the individuals, and some of these properties are even auctioned,” she stated.

She added, “We have international beneficiaries as well, so the courts can determine whether we should auction the property depending on the complexities involved in getting the property back to the individual. We can auction the property, and then the funds are returned to the individual.”

Her comments came in the wake of recent state-led investigations targeting former government officials under Operation Recover All Loot (ORAL), an anti-corruption initiative aimed at holding officials accountable and recovering misappropriated assets.

MAG/MA

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