A manhunt is underway for a former bank manager, with authorities offering a GH¢100,000 cash reward for information leading to his arrest over the alleged theft of more than GH¢30 million.
The Economic and Organised Crime Office (EOCO) has named Akwasi Agyemang-Abebrese, a former Customer Service Manager at the bank (name withheld) in Kumasi, as the prime suspect in a complex fraud case. He is wanted for the alleged offences of “Stealing and Money Laundering.”
According to internal bank documents, an audit uncovered that “a total of GH¢33,384,494.00 was stolen by Akwasi Agyemang-Abebrese.”
The scheme, which ran from November 2023 to February 2025, involved siphoning funds from the bank’s internal accounts and a KNUST Postgraduate Student Hostel account.
The bank’s petition to EOCO detailed that Agyemang-Abebrese “debited both internal accounts and Kwame Nkrumah University of Science and Technology (KNUST) accounts” before channelling the money into his personal bank account. A total of GH¢4.85 million was allegedly taken directly from the student hostel’s funds.
The bank’s investigation revealed a web of complicity, identifying several other staff members as “inputters,” who are said to have processed 61 transactions totalling GH¢29.7 million. However, the bank stated that “all the transactions were authorized by Akwasi Agyemang-Abebrese.”
The suspect’s disappearance was first noted in a letter dated March 7, 2025, which stated that after being asked to provide source documents for suspicious transfers, “AKwasi in the bid of searching for the source documents, left the branch without the knowledge of the Branch Manager or any staff.” The bank reported that “all efforts to reach him has proven futile as his phone is switched off.”
In a public notice, EOCO has announced the “GHC100,000 Cash Reward” for information on Agyemang-Abebrese’s whereabouts. The public is urged to contact the EOCO Head Office on Barnes Road in Accra, any regional office, the nearest police station, or call 0256957742 or 0579709066.
