GHC51.2 Million Judgment Debt: Court Frees Alfred Woyome

GHC51.2 Million Judgment Debt: Alfred Woyome Acquitted


Alfred Agbesi Woyome

Alfred Agbesi Woyome, the businessman at the center of the controversial GHC51.2 million judgment debt case has been freed by an Accra High Court. He was standing trial for allegedly defrauding the state of GH¢51.2 million.

Woyome was acquitted and discharged on two counts of defrauding by false pretence and causing financial loss to the state.

According to the presiding Judge, Justice John Ajet-Nassam, the state failed to prove its case against the accused person. He added that the state also failed to call ex-Attorney General, Betty Mould Iddrisu, Ebo Barton Oduro, Rex Magnus Danquah, Paul Asimenu, Samuel Nerquaye-Tetteh and others who are key witnesses in the case.

The NDC financier was paid ¢51 million for helping Ghana raise funds to construct stadia ahead of the 2008 African Cup of Nations which was hosted by Ghana.

Alfred Woyome was arrested on February 3, 2012 after the Economic and Organised Crime Office (EOCO) h ad implicated him for wrongdoing. He was arraigned before court on February 6, 2012.

On June 14, 2013, the Supreme Court by a unanimous decision has ruled in favour former Attorney General, Martin Amidu in the suit filed against Alfred Agbesi Woyome, Waterville Holdings and Austro Invest.

According to the ruling, Waterville Holdings must refund the GHC 41 million paid to them to the state. The court however ruled that a decision on the GHC 51.2 million paid to Woyome will be made after the case at the High Court is resolved.

The Supreme Court, on July 29, 2014, ordered Woyome to refund GH¢51.2 million to the state on the grounds that he got the money out of unconstitutional and invalid contracts between the state and Waterville Holdings Limited in 2006 for the construction of stadia for CAN 2008.

The state filed the criminal case against Woyome after an order by the Supreme Court to refund the money.

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