Adu Boahene’s GH¢120m Bail Reduced to GH¢80m, Court Restricts Couple’s Movements

Court Reduces Bail Conditions for Adu Boahene

The Accra High Court has adjusted the bail conditions for businessman Adu Boahene, lowering the initial GH¢120 million sum to GH¢80 million after a legal appeal. The decision comes as his defense team argued that the original bail requirement was excessive and difficult to meet.

In addition to the revised bail amount, the court mandated that Boahene provide three sureties, two of whom must offer landed property as collateral. This adjustment provides some relief to the embattled businessman, who has been facing fraud allegations linked to financial mismanagement and fraudulent investment activities.

Travel Restrictions Imposed on the Couple

Beyond the bail reduction, the court placed movement restrictions on Boahene and his wife. They are now required to:

• Surrender their passports to the court.

• Seek permission before traveling outside the Greater Accra Region.

• Regularly report to the police as part of their bail conditions.

These measures are aimed at preventing any attempts to evade justice while legal proceedings continue.

Ongoing Legal Proceedings

Boahene and his wife are facing multiple charges related to financial fraud, with allegations of defrauding investors through fraudulent business operations. Prosecutors insist they have compelling evidence, while the defense maintains that their clients are being unfairly targeted.

The case has drawn widespread public interest, with some supporting the court’s decision and others arguing that financial crime suspects should face stricter bail conditions to prevent potential asset concealment or flight risks.

Next Steps in the Case

Legal proceedings will continue in the coming weeks as both parties prepare for trial. Authorities have assured the public that due process will be followed to ensure a fair and just outcome.

Stay connected with Top Knowledge Media for further updates on this high-profile case.