By Collins Sarkodieh 
The high-profile financial dispute involving one of the nation’s most prominent political figures has taken another strategic legal turn. The High Court in Accra has officially adjourned the ongoing criminal case involving Bernard Antwi-Boasiako, popularly known across the country as Chairman Wontumi.
The trial judge pushed the next boardroom meeting to July 27, 2026, to allow the legal teams to finalize their ongoing plea bargain negotiations. Instead of a heated courtroom showdown, both the state prosecutors and the defense lawyers are actively trying to settle the multi-million-cedi matter quietly behind closed doors.
The roots of this intense legal battle stem from an ambitious agricultural investment project that reportedly went south. The state prosecution team has leveled serious criminal charges against Chairman Wontumi and his business associate, Thomas Antwi-Boasiako.
The state alleges that between the years 2018 and 2022, the accused individuals fraudulently obtained fourteen point three million Ghana Cedis from the Ghana Export-Import Bank (EXIM Bank). The prosecution insists that the business partners used their commercial corporate entity, Wontumi Farms Limited, as the primary vehicle to secure the massive cash payout under false pretenses.
The official court charge sheet contains multiple heavy legal counts that extend far beyond regular loan defaults. State investigators claim that Chairman Wontumi presented a completely forged financial receipt to EXIM Bank officials during the transaction period.
The questionable document was allegedly used to support a fresh application for an additional four million Ghana Cedi credit facility. Because the politician allegedly enjoyed and utilized funds obtained through these deceptive means, the state added a serious money laundering charge to the legal docket, making the entire situation a massive financial headache.
When you calculate the total impact of these controversial farm transactions, the state claims the financial damage to the public purse is massive. The prosecution alleges that the actions of the accused individuals have caused an institutional financial loss exceeding thirty million Ghana Cedis to EXIM Bank.
With such a huge amount of taxpayers’ money on the line, the state is under heavy pressure to recover the funds. This massive financial exposure explains why the accused persons, through their expert defense counsel, quickly initiated formal plea negotiations to avoid a long, embarrassing trial or potential jail time.
When the court registrar called the case file on Monday morning for a routine progress update, state prosecutors confirmed that settlement talks are moving forward smoothly but require more time. The High Court subsequently granted the brief adjournment to ensure both sides reach a fair, legally binding agreement before July 27.
Under the Criminal Procedure Amendment Act of Ghana, a successful plea bargain could see the accused persons returning the state funds in exchange for reduced charges or lighter sentences. Millions of Ghanaian readers and political observers will be keeping their eyes firmly on the court registry to see whether Wontumi successfully pays back the millions or faces the full wrath of the law.
Also Read: High Court Evaluates Multi Million Cedi Plea Bargain Proposal in Exim Bank Fraud Case