Dr Dominic Akrutinga Ayine, Attorney-General and Minister of Justice, has lauded Raymond Archer, Executive Director of the Economic and Organised Crimes Office (EOCO), for spearheading EOCO’s success in law enforcement and in fighting corruption.
He said that, in terms of recoveries, the EOCO had exceeded its 2025 target of GHS 200,000,000, adding that recoveries currently stand at about GHS 337,476,119.59.
This figure, he said, means that EOCO had exceeded its 2025 recovery target by over GHS 133, 476,119.59, saying “this is the highest recovery in the history of the agency”.
“The recovery represents completed cases of both direct and indirect recoveries: Direct recoveries are recoveries that are deposited directly into the Exhibit Account.
“This currently stands at about Ghs 194, 806,691,” Dr Ayine stated in his remarks when he took his turn at the Government’s Accountability Series Press Conference held at the Presidency in Accra.
“Indirect recoveries, on the other hand, are recoveries that are paid directly to either the Ghana Revenue Authority (GRA) or the Consolidated Fund.
This amount stands at Ghs 142,668,428.59.”
Dr Ayine reiterated that the success story of the EOCO shows that institutions matter, but institutional leadership was crucial to the success of the institutions they created as a country.
He said the current leadership of the EOCO shows that when leadership bestows integrity, institutions perform their mandated functions optimally.
He noted that at the national level, Ghanaians were witnesses to the leadership being provided by President John Dramani Mahama, declaring that “without his committed support for my Office and the EOCO, we would not be here today. We are grateful for that support.
Dr Ayine said that since assuming office as the Attorney General, he had worked closely with Mr Archer, the management and staff of the EOCO to ensure that the fight against economic and organised criminal enterprises was sustained.
The Attorney-General announced an investigation by EOCO into online fraudulent investment schemes and the recovery of the proceeds of crime amounting to $15 million.
He said that since EOCO’s seizure of the amount of money, the international law enforcement community had been buzzing with excitement about what they consider to be a remarkable innovation and success in modern law enforcement.
This, he said, included the use of the non-conviction-based asset recovery approach to recover such a substantial amount, and the use of local laws to target, freeze, realise, and repatriate proceeds of tainted virtual assets in foreign jurisdictions.
On November 5, 2025, both the National Crime Agency (NCA) and the United Kingdom’s National Economic Crime Centre wrote to congratulate EOCO on this incredible achievement.
“Consequently, I would like to take the opportunity to thank the hardworking and dedicated staff of EOCO, especially the Executive Director, Mr Raymond Archer and his two deputies, who endured tireless days and nights in ensuring that these foreign criminals who targeted our economy and our citizens were denied the proceeds of their criminal enterprise,” he stated.
The Attorney-General, on behalf of the EOCO and his Office, thanked their partners, especially the United Kingdom’s National Crime Agency, whose relentless support and guidance have been instrumental in the success of this case.
He also thanked other third-party non-state actors, such as Zodiac Custody-UK, Chainanalys-UK, OK Exchange (OKX)-UK, and the European banks, whose understanding and compliance had paved the way for a breakthrough in innovative cryptocurrency investigations, for a safer and more credible virtual assets space that protects the vulnerable and ensures accountability.
Dr Ayine thanked Justice Gwendolyn Millicent Owusu of the High Court (Economic and Financial Division) for her leadership and guidance through the process, stating that without her understanding, this achievement would have been nearly impossible.
He said the EOCO, as a law enforcement agency, had seen a rapid transformation in the execution of its statutory mandate.
This, the Attorney-General said, had been evident in the work that the Office had done in this year alone.
He mentioned that two high-profile criminal investigations involving the National Signal Bureau and the Buffer Stock Company had been completed, and trials had started, stating that other dockets had been completed and were awaiting review by his Office prior to charges being filed.
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