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Friday, May 30, 2025

‘Rich’ Wontumi can afford GHS50m bail – Bongo MP

Member of Parliament for Bongo, Charles Bawaduah, has expressed confidence in the ability of Ashanti Regional Chairman of the New Patriotic Party (NPP), Bernard Antwi Boasiako, popularly known as Chairman Wontumi, to satisfy the GHS50 million bail conditions set by the Economic and Organised Office (EOCO).

Wontumi is currently under investigation over alleged financial transactions involving COCOBOD and EXIM Bank. As part of the bail terms, he is required to provide two sureties. His legal team, led by MP and lawyer Andy Appiah-Kubi, is working to meet these requirements.

In the wake of the investigation, Wontumi’s legal team has also denied allegations of any improper payments related to COCOBOD, asserting that all transactions being scrutinized were legitimate.

Speaking on Channel One TV’s The Point of View with Bernard Avle, MP Charles Bawaduah said he believes Wontumi’s wealth makes it feasible for him to meet the bail conditions.

“I’m not sure Wontumi, as we know him, is incapable of owning properties worth GHS50 million. I’m sure he will. Executing or satisfying a bail condition of GHS50 million should not be a problem. But the processes are quite different. I’m sure that is what he’s trying to clear and get out.”

Wontumi remains in EOCO custody as efforts continue to fulfill the bail requirements.

 

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