The Economic and Organised Crime Office (EOCO) is investigating Percival Kofi Akpaloo, leader of the Liberal Party of Ghana (LPG) and its 2024 presidential candidate, for alleged fraud, money laundering, causing financial loss to the state, falsification of documents, and dissipation of public funds, according to sources within the agency.
Akpaloo was arrested at his Kumasi residence on September 3, 2025, and has been granted bail of GH¢10 million with two sureties, though he remains in EOCO custody pending fulfillment of bail conditions.
The arrest was carried out by EOCO’s Surveillance and Asset Recovery Unit (SARU) from its Accra headquarters, in collaboration with the Ashanti Regional Office. While EOCO has not yet issued an official statement, sources confirmed the operation was executed without incident.
The allegations stem from Akpaloo’s activities, though specific details remain undisclosed.
Akpaloo, a prominent Ghanaian politician, founded the Independent People’s Party (IPP) in 2011, which contested the 2012 general election but won no seats. After being disqualified from the 2016 presidential race by the Electoral Commission, he dissolved the IPP and established the LPG in 2017.
He ran as the LPG’s presidential candidate in the 2020 election with Margaret Obrian Sarfo as his running mate but failed to secure significant electoral success.
The investigation has sparked public interest, with no official comment yet from the LPG or Akpaloo’s legal team beyond earlier statements by his lawyer, Enoch Afoakwa, who described the case as a civil commercial dispute also under review at the Commercial Division of the Accra High Court. As investigations continue, Akpaloo’s political and legal future remains uncertain.
