Wontumi challenges EOCO’s handling of Exim Bank loan dispute

They want the court to declare the dispute a civil debt matter, order Ghana Exim Bank to provide an account of the amount outstanding and direct the bank to pursue recovery through the mortgage, the personal guarantee or the insurance cover allegedly arranged for the loan.

Former New Patriotic Party (NPP) Ashanti Regional Chairman Bernard Antwi Boasiako, popularly known as Chairman Wontumi, and Wontumi Farms are asking the High Court to stop the criminalisation of a loan dispute involving Ghana Exim Bank, arguing that the matter should be resolved through civil proceedings.

They also claim Ghana Exim Bank agreed to obtain insurance to cover the loan.