The Member of Parliament for Manhyia South, Nana Agyei Baffour Awuah, has been formally charged with multiple offences, including conspiracy, intentionally causing financial loss to a public body and money laundering.
The charges stem from an investigation into financial transactions involving SIC Life Savings and Loans Company Limited and a judgment debt that prosecutors say was significantly reduced through a controversial settlement.
According to prosecutors, SIC Life engaged Baffour Awuah’s law firm in 2020 to recover money owed by Equity Savings and Loans. The matter eventually resulted in a judgment which, with accumulated interest, reportedly reached about GH¢14.85 million.
Prosecutors allege that despite the amount owed, a settlement was later reached under which SIC Life accepted GH¢5 million. The state contends that the arrangement resulted in an alleged financial loss of approximately GH¢9.85 million.
The Manhyia South legislator is also facing a money laundering charge connected to an alleged GH¢1 million transfer made to the then Managing Director of SIC Life in November 2024. Investigators are examining the circumstances surrounding that transaction.
Baffour Awuah appeared before the High Court in Accra on October 3, 2026, where he pleaded not guilty to all three charges.
The court subsequently granted him bail in the sum of GH¢10 million with two sureties. He was also ordered to deposit his passport with the court and make himself available to the Economic and Organised Crime Office whenever required as investigations continue.
His lawyer, Samuel Atta Akyea, has rejected allegations of wrongdoing, maintaining that the MP’s involvement arose from legitimate professional legal services rendered to SIC Life.
Baffour Awuah had earlier surrendered himself to EOCO on October 1 following the issuance of a High Court warrant connected to the investigation.
The case is expected to return to court on October 26.
The allegations against the MP remain unproven, and he is legally presumed innocent unless found guilty by a court of competent jurisdiction.
