An eyewitness, whose identity remains confidential, has cast doubt on the Attorney-General’s assertion that the GH₵49.1 million involved in the case against former National Signals Bureau (NSB) Director-General, Kwabena Adu-Boahene, equates to a $7 million transaction.
The eyewitness contends that, using the government’s own exchange rate of GH₵5.45 to the dollar, the amount translates to over $9 million, not the $7 million figure presented by the Attorney-General.
This discrepancy, they argue, undermines the prosecution’s narrative and raises questions about the accuracy of the financial representations in the case.
The source further asserts that the GH₵49.1 million in question were designated as special operations funds, disbursed in Ghanaian cedis for specific national security activities, rather than being part of a dollar-denominated transaction.
This perspective aligns with Adu-Boahene’s own defence, wherein he maintains that the funds were utilised for various operational purposes, including payments to Members of Parliament and support for election-related activities, as part of his role in national security operations.
The Attorney-General’s office, however, alleges that Adu-Boahene, along with his wife and associates, diverted these funds for personal gain, including investments in real estate and luxury vehicles.
The prosecution maintains that the funds were intended for a $7 million cybersecurity contract with ISC Holdings Limited, which was allegedly never fulfilled, leading to charges of stealing, defrauding by false pretences, and money laundering against the accused.
