Fresh details have emerged surrounding a GH¢4 million loan obtained from the Ghana Export-Import (EXIM) Bank by Bernard Antwi Boasiako, popularly known as Chairman Wontumi, with investigators concluding that no payment was ever made for the equipment cited to justify the loan.

Attorney General Dominic Ayine, addressing the Accountability Series on Monday, December 22, said EOCO investigations revealed that Chairman Wontumi falsely represented to EXIM Bank that he had paid Casama Enterprise for farming equipment and heavy machinery.

According to Mr Ayine, the purported receipt submitted to the bank was forged. EOCO’s findings showed that Casama Enterprise never received any money from Chairman Wontumi or Wontumi Ghana Limited, despite claims suggesting otherwise.

“The owner of Casama Enterprise confirmed to EOCO investigators that the only document issued was a proforma invoice and not a receipt,” the Attorney General stated.

Mr Ayine further disclosed that Casama Enterprise made several attempts to follow up on the supposed transaction but never heard from Chairman Wontumi again. The forged receipt submitted to EXIM Bank falsely indicated that GH¢4 million had been paid for bulldozers and excavators that were never purchased.

The Attorney General warned that the case exposes serious weaknesses in loan verification processes and underscored the urgent need for stricter controls and accountability in public financial dealings.