This move follows a directive from the FIC, which has frozen all accounts related to the embattled company and its associated entities.
According to a document obtained by GhanaWeb, the FIC acted under Section 56(1) of the Anti-Money Laundering Act, 2020.
The letter to relevant financial institutions specifically directs them to freeze accounts linked to Chairman Wontumi, Akonta Mining, and Hallmark Civil Engineering Limited. The freeze is in effect until further instructions are provided by the FIC.
Chairman Wontumi’s mining company has been under scrutiny following its license revocation by the Minerals Commission.
This decision, made by the Minister of Lands and Natural Resources, Emmanuel Armah-Kofi Buah, on April 21, 2025, was based on allegations that Akonta Mining was involved in criminal activities within Ghana’s forest reserves.
The Minister described the company as a “criminal syndicate,” accusing it of illegal operations.
This action by the FIC is part of their ongoing efforts to clamp down on money laundering activities under the leadership of Ing. Kwadwo Twum Boafo.
The centre previously froze the accounts of businessman Richard Nii Armah Quaye and his companies earlier this year in a similar investigation.