Kofi Akpaloo, the leader and presidential candidate of the Liberal Party of Ghana (LPG), is being investigated for alleged financial crimes, including fraud, dissipation of public funds, money laundering, and causing financial loss to the state, according to confirmation from Justice Srem-Sai, the Deputy Attorney General.
Despite being released on bond, Mr. Akpaloo is still in detention after being taken into custody by the Economic and Organised Crime Office (EOCO) on September 3.
Akpaloo was given police bail of GH¢10 million with two sureties, but the conditions have not yet been justified, according to Justice Srem-Sai.
The Deputy Attorney General stated in a Facebook post on Friday, September 5, that Akpaloo will stay in EOCO custody until the conditions of bail are met.
“Suspect PERCIVAL KOFI AKPALOO is under investigation on allegations of various financial crimes including fraud, causing financial loss to the State, dissipation of public funds, and money laundering. EOCO officials arrested him on Wednesday, September 3, 2025. He has, however, been granted police bail with the following conditions – GHC 10 million bond with 2 sureties to be justified. The suspect remains in the custody of EOCO pending the fulfilment of the bail conditions.”
The LPG leader, who contested the 2024 general elections, was picked up from his residence in Kumasi.
With measures aimed at the youth, Akpaloo has been a well-liked figure in Ghanaian politics. His party has gradually increased its prominence in national politics despite its tiny size.